Notice to Members
Notice No. 266
05/16/2007
Margin Rate and Inter-Exchange Spread Changes for Aluminum Futures (AL)
Effective Date:         Thursday, April 26, 2007(close of business)

Futures Contracts:   Aluminum Futures

Contract Months:     All Months

Rate Change:  
COMEX Division Margins on Aluminum Futures Contracts
Member: Clearing & Non-Clearing (Hedge Margin):
New: $2,000
Old: $3,000
Non-Member Customer (Speculative Margin):
New: $2,700
Old: $4,050


Inter-Commodity Spread Credit on Aluminum (AL)

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
1:1
Old
$3,000
$500
$2,500
$4,050
$675
$3,375
 
New
$2,000
$500
$1,500
$2,700
$675
$2,025

This notice supersedes all previous notices regarding outright margin rates for the COMEX Aluminum Future Contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com