12/20/2006
Futures Contracts: Silver Futures
Contract Months: All Months
Rate Change:
COMEX Division Margins on Silver Futures Contracts
| Member: Clearing & Non-Clearing (Hedge Margin): | New: $3,500 |
Old: $4,000 |
| Non-Member Customer (Speculative Margin): | New: $4,725 |
Old: $5,400 |
COMEX Division Margins on miNY (QI) Silver Futures
Contracts
| Member: Clearing & Non-Clearing (Hedge Margin): | New: $1,750 |
Old: $2,000 |
| Non-Member Customer (Speculative Margin): | New: $2,363 |
Old: $2,700 |
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 |
$17,000 |
$8,500 |
$11,475 |
50% |
New |
$14,500 |
$7,250 |
$9,788 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Silver Future Contracts.