10/25/2006
Futures Contracts: High Grade Copper
Contract Months: All Months
Rate Change:
COMEX Division Margins on High Grade Copper Futures
Contacts
| Member: Clearing & Non-Clearing (Hedge Margin): | New: $5,000 |
Old: $6,000 |
| Non-Member Customer (Speculative Margin): | New: $6,750 |
Old: $8,100 |
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 |
$6,000 |
$5,700 |
$300 |
$8,100 |
$7,695 |
$405 |
New |
$5,000 |
$4,700 |
$300 |
$6,750 |
$6,345 |
$405 |
||
This notice supersedes all previous notices regarding outright margin rates for the COMEX High Grade Copper Futures Contracts.