Notice to Members
Notice No. 271
05/23/2006
Margin Rate and Inter-Exchange Margin Changes for High Grade Copper Futures
Effective Date:        Wednesday, May 24, 2006 (close of business)

Futures Contracts:   High Grade Copper

Contract Months:     All Months

Rate Change:  
COMEX Division Margins on High Grade Copper Futures Contacts
May 2006 thru December 2006
Member: Clearing & Non-Clearing (Hedge Margin):
New: $7,500
Old: $6,500
Non-Member Customer (Speculative Margin):
New: $10,125
Old: $8,775

All Other Months
Member: Clearing & Non-Clearing (Hedge Margin):
New: $6,000
Old: $5,000
Non-Member Customer (Speculative Margin):
New: 8,100
Old: $6,750


Inter-Exchange Spread Credit
Spread
Ratio
  
Clearing Member/Member/Hedge
Non-Member
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin Per Contract
COMEX Spread Charge Per Contract
COMEX Spread Credit Per Contract
COMEX/LME
2:1
Old
$6,500
$6,200
$300
$8,775
$8,370
$405
 
New
$7,500
$7,200
$300
$10,125
$9,825
$405

This notice supersedes all previous notices regarding outright margin rates for the COMEX High Grade Copper Futures Contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com