Notice to Members
Notice No. 224
05/02/2008
Margin Rate and Inter-Exchange Spread Changes for Platinum Futures and Asian Platinum Contracts
Effective Date:       Monday, May 5, 2008 (close of business)

Futures Contracts:   Platinum Futures

Contract Months:     All Months

Rate Change:  
NYMEX Division Margin on Platinum (PL) Futures Contacts

Clearing Member Margin:
New: $6,000
Old: $7,000
Member Customer Margin:
New: $6,600
Old: $7,700
Non-Member Customer (Speculative Margin):
New: $8,100
Old: $9,450

Inter-Commodity Spread Margins on Gold and 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
$18,000
$550
$743
$3,450
$13,450
$16,900
   
New
$16,000
$550
$743
$3,450
$11,450
$14,900

NYMEX Division Margin on Platinum (PL) Futures Contacts

Clearing Member Margin:
New: $1,908
Old: $2,251
Member Customer Margin:
New: $2,121
Old: $2,476
Non-Member Customer (Speculative Margin):
New: $2,603
Old: $3,039


This notice supersedes all previous notices regarding outright margin rates for the Platinum and Platinum miNY™ Contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com