07/02/2008
Futures Contracts: Comex Gold Futures (GC), miNY Gold (QO)
Contract Months: All Months
Rate Change:
COMEX Division Margins on Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $3,750 |
Old: $3,250 |
| Non-Member Customer (Speculative Margin): | New: $5,063 |
Old: $4,388 |
COMEX Division Margins on miNY (QO) Gold Futures
Contracts
Inter - Exchange Spread Credit on Gold vs. Platinum
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $2,000 |
Old: $1,750 |
| Non-Member Customer (Speculative Margin): | New: $2,700 |
Old: $2,363 |
COMEX Division Margins on Asian Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $1,206 |
Old: $1,045 |
| Non-Member Customer (Speculative Margin): | New: $1,628 |
Old: $1,411 |
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 |
$15,250 |
$550 |
$743 |
$2,700 |
$11,450 |
$14,150 |
New |
$15,750 |
$550 |
$743 |
$3,200 |
$11,450 |
$14,650 |
||
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 |
$23,750 |
$11,875 |
$16,031 |
50% |
| New |
$22,500 |
$11,250 |
$15,188 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Gold Futures and COMEX miNY Gold Contracts.