Notice to Members
Notice No. 11
01/10/2008
Margin Rate and Inter-Exchange Spread Changes for Aluminum Futures
Effective Date:         Friday, January 11, 2008 (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: $1,500
Old: $2,000
Non-Member Customer (Speculative Margin):
New: $2,025
Old: $2,700


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
$2,000
$500
$1,500
$2,700
$675
$2,025
 
New
$1,500
$500
$1,000
$2,025
$675
$1,350

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