02/27/2008
Effective Date: Thursday, February 28, 2007 (close of business)
Futures Contracts: Silver Futures and miNY Silver Contract
Contract Months : All Months
Rate Change:
COMEX Division Margin Rates on Silver Futures Contracts
Member: Clearing & Non-Clearing (Hedge Margin): New: $ 5,000 Old: $ 4,500
Non-Member Customer (Speculative Margin): New: $ 6,750 Old: $ 6,075
COMEX Division Margin Rates on miNY (QI) Silver Contracts
Member: Clearing & Non-Clearing (Hedge Margin): New: $ 2,500 Old: $ 2,250
Non-Member Customer (Speculative Margin): New: $ 3,375 Old: $ 3,038
Inter-Commodity Spread Margins on Gold and Silver |
||||||
Spread |
Ratio |
|
Combined Full Margin |
Clearing Member/Member/ Hedge Spread Credit |
Non-Member Spread Credit |
Percentage Credit of Total Outright |
GOLD/SILVER |
2:3 |
OLD |
$19,500 |
$9,750 |
$13,163 |
50% |
|
|
New |
$22,000 |
$11,000 |
$14,850 |
50% |
This notice supercedes all previous notices regarding outright margin rates for the COMEX Silver Future Contract, COMEX miNY Silver Future Contract and Gold/Silver Inter-Commodity Spreads.