03/06/2008
Futures Contracts: Comex Gold Futures (GC), miNY Gold (QO), and Asian Gold (QS)
Contract Months: All Months
Rate Change:
COMEX Division Margins on Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $4,000 |
Old: $3,500 |
| Non-Member Customer (Speculative Margin): | New: $5,400 |
Old: $4,725 |
COMEX Division Margins on miNY (QO) Gold Futures
Contracts
| 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 Asian Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $1,286 |
Old: $1,125 |
| Non-Member Customer (Speculative Margin): | New: $1,786 |
Old: $1,519 |
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 |
$13,500 |
$550 |
$743 |
$2,950 |
$9,450 |
$12,400 |
New |
$14,000 |
$550 |
$743 |
$3,450 |
$9,450 |
$12,900 |
||
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 |
$24,250 |
$12,125 |
$16,369 |
50% |
| New |
$25,250 |
$12,625 |
$17,044 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Gold Futures and COMEX miNY Gold Contracts.