Thursday, May 24, 2012

CME Lowers Margin for Gold Futures

On Thursday, May 24, the Chicago Mercantile Exchange Inc., Clearing House Risk Management announced lower initial bond and maintenance (margin) requirements for 100-ounce gold futures contracts (GC).

Initial bond requirements decline 10% for Spec traders from $10,125 to $9,113 per 100-ounce contract. Initial bond rates for Hedge traders drop 10% from $7,500 to $6,750 per contract.

Maintenance (margin) requirements for both Spec and Hedger members dip 10% from $7,500 to $6,750 per contract.

Similar margin reductions were announced for the COMEX “MINY Gold Futures” (QO) and 10-ounce contracts (MGC).

The new rates will be effective after the close of business on Tuesday, May 29, 2012.

May 24, 2012 (Source: CME Group)

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv12-221.pdf

Posted by Colette at 04:37:20 PM in Got Gold Blog, Vulture In Review

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