06/15/2006
Futures Contracts: Gold Futures
Contract Months: All Months
Rate Change:
COMEX Division Margins on Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $3,000 |
Old: $3,500 |
| Non-Member Customer (Speculative Margin): | New: $4,050 |
Old: $4,725 |
Inter - Exchange Spread Credit on Gold vs. Platinum
Spread Credit |
||||||||
Spread |
Ratio |
Combined Full Margin |
Clearing Member/Member/Hedge Spread Charge |
Non-Member Spread Credit |
Gold Leg |
Platinum Leg |
Combined |
|
Gold/Platinum |
1:02 |
Old |
$8,500 |
$550 |
$743 |
$2,950 |
$4,450 |
$7,400 |
New |
$8,000 |
$550 |
$743 |
$2,450 |
$3,450 |
$6,900 |
||
Inter - Commodity Spread Credit on Gold vs. Silver
| Spread | Ratio |
Combined Full Margin |
Clearing Member/Member/Hedge Spread Credit |
Non-Member Spread Credit |
Percentage Credit of Total Outright |
|
| Gold/Silver | 2:03 |
Old |
$22,750 |
$11,375 |
$15,356 |
50% |
New |
$19,500 |
$9,750 |
$13,163 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Gold Futures Contracts.