02/02/2007
Effective Date: Monday, February 05, 2007 (close of business)
Futures Contracts: High Grade Copper Futures
Contract Months : All Months
Rate Change:
COMEX Division Margin Rates on High Grade Copper Futures Contacts
Member: Clearing & Non-Clearing (Hedge Margin): New: $ 4,250 Old: $ 4,500
Non-Member Customer (Speculative Margin): New: $ 5,738 Old: $ 6,075
COMEX Division Margin Rates on miNY (QC) Copper Contacts
Member: Clearing & Non-Clearing (Hedge Margin): New: $ 2,125 Old: $ 2,250
Non-Member Customer (Speculative Margin): New: $ 2,869 Old: $ 3,038
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 |
$4,500 |
$ 4,200 |
$300 |
$6,075 |
$5,670 |
$405 |
New |
$4,250 |
$ 3,950 |
$300 |
$5,738 |
$5,333 |
$405 |
||
Should you have any questions regarding these changes, please contact Salvatore Penna at (212) 299-2931 or William Doherty at (212) 299-2925. This notice supercedes all previous notices regarding outright margin rates for the COMEX High Grade Copper Future Contract and COMEX miNY Copper Contract.