Notice to Members
Notice No. 660
12/18/2006
Margin Rate and Inter-Exchange Margin Changes for High Grade Copper Futures (HG) and Copper miNY Futures Contract (QC)
Effective Date:        Tuesday, December 19, 2006 (close of business)

Futures Contracts:   High Grade Copper

Contract Months:     All Months

Rate Change:  
COMEX Division Margins on High Grade Copper Futures Contracts
Member: Clearing & Non-Clearing (Hedge Margin):
New: $4,500
Old: $5,000
Non-Member Customer (Speculative Margin):
New: $6,075
Old: $6,750

COMEX Division Margins on miNY (QC) Copper Contracts
Member: Clearing & Non-Clearing (Hedge Margin):
New: $2,250
Old: $2,500
Non-Member Customer (Speculative Margin):
New: $3,038
Old: $3,375

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
$5,000
$4,700
$300
$6,750
$6,345
$405
 
New
$4,500
$4,200
$300
$6,075
$5,670
$405

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