11/08/2007
Futures Contracts: Comex Gold Futures (GC), miNY Gold (QO), and Asian Gold (QS)
Contract Months: All Months
Rate Change:
COMEX Division Margins on Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $3,000 |
Old: $2,500 |
| Non-Member Customer (Speculative Margin): | New: $4,050 |
Old: $3,375 |
COMEX Division Margins on miNY (QO) Gold Futures
Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $1,500 |
Old: $1,250 |
| Non-Member Customer (Speculative Margin): | New: $2,025 |
Old: $1,688 |
COMEX Asian Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $965 |
Old: $804 |
| Non-Member Customer (Speculative Margin): | New: $1,303 |
Old: $1,084 |
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 |
$6,500 |
$550 |
$743 |
$1,950 |
$3,450 |
$5,400 |
New |
$7,000 |
$550 |
$743 |
$1,950 |
$2,450 |
$5,900 |
||
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 |
$14,000 |
$7,000 |
$9,450 |
50% |
New |
$19,500 |
$9,750 |
$13,163 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Gold Futures and COMEX miNY Gold Contracts.