05/08/2006
Futures Contracts: Silver Futures
Contract Months: All Months
Rate Change:
COMEX Division Margins on Silver Futures Contracts
May 2006 thru September 2006 ONLY
| Member: Clearing & Non-Clearing (Hedge Margin): | New: $5,250 |
Old: $6,000 |
| Non-Member Customer (Speculative Margin): | New: $7,088 |
Old: $8,100 |
December 2006 thru December 2010 ONLY
| Member: Clearing & Non-Clearing (Hedge Margin): | New: $5,250 |
Old: $4,500 |
| Non-Member Customer (Speculative Margin): | New: $7,088 |
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 |
$23,500 |
$11,750 |
$15,863 |
50% |
New |
$21,250 |
$10,625 |
$14,344 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Silver Future Contracts.