Exchange to Change Margins for Silver and Copper Futures Contracts
By: NYMEX
-- Posted 18 April, 2006 | | Source: SilverSeek.com
Contact: Anu Ahluwalia , 212-299-2439
Title: Exchange to Change Margins for Silver and Copper Futures Contracts
NEW YORK, N.Y., April 18, 2006 — The New York Mercantile Exchange, Inc. today announced margin changes for its silver and copper futures contracts, beginning at the close of business on Wednesday.
Margins for the silver futures contract will increase to $3,750 from $3,250 for clearing and non-clearing members and to $5,063 from $4,388 for customers.
Margins for the copper futures contract will increase to $3,750 from $3,500 for clearing and non-clearing members and to $5,063 from $4,725 for customers.
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