NYMEX to Change Margins for Silver, Copper Futures Contracts
NEW YORK, N.Y., August 15, 2006 — The New York Mercantile Exchange, Inc. today announced margin changes for its silver and copper futures contracts, beginning at the close of business tomorrow.
Margins for the silver futures contract will decrease to $4,000 from $4,500 for clearing and non-clearing members and to $5,400 from $6,075 for customers.
Margins for the copper futures contract will decrease to $7,000 from $9,000 for clearing and non-clearing members and to $9,450 from $12,150 for customers.
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