05/03/2006
Futures Contracts: Silver Futures
Contract Months: May, June, July and September 2006 ONLY
Rate Change:
COMEX Division Margins on Silver Futures Contracts
| Member: Clearing & Non-Clearing (Hedge Margin): | New: $6,000 |
Old: $4,500 |
| Non-Member Customer (Speculative Margin): | New: $8,100 |
Old: $6,075 |
Inter-Commodity Spread Credit on Gold and Silver
| Spread | Ratio |
Combined Full Margin |
Clearing Member/Member/Hedge Spread Credit |
Non-Member Spread Credit |
Percentage Credit of Total Outright |
|
| Gold/Silver | 2:3 |
Old |
$18,000 |
$9,000 |
$12,150 |
50% |
New |
$23,500 |
$11,750 |
$15,863 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Silver Future Contracts.