Notice to Members
Notice No. 70
02/02/2007
Margin Rate and Inter-Exchange Spread Changes for Aluminum Futures (AL)

Effective Date: Monday, February 05, 2007 (close of business)

Futures Contract: Aluminum Futures

Contract Months : All Months

Rate Change:

COMEX Division Margins on Aluminum Futures Contracts

Member: Clearing and Non-Clearing (Hedge Margin) New: $ 4,000 Old: $3,000

Non-Member Customer (Speculative Margin): New: $ 5,400 Old: $4,050

 

 Inter-Exchange Spread Margins on Aluminum ( AL)

Spread

Ratio

 

Clearing Member/Member/Hedge

Non-Member

COMEX Full Margin

COMEX Spread Charge

COMEX Spread Credit

COMEX Full Margin

COMEX Spread Charge

COMEX Spread Credit

COMEX/LME

1:1

Old

$3,000

$500

$2,500

$4,050

$675

$3,375

New

$ 4,000

$500

$3,500

$5,400

$675

$4,725

 

Should you have any questions regarding these changes, please contact William Doherty at (212) 299-2925 or Salvatore Penna at (212) 299-2931 . This notice supercedes 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