Thursday, April 03, 2014

CME Lowers Gold and Silver Margin Requirements

A notice sent out by the CME Group April 3, 2014, announced new, lower maintenance and margin rates for gold and silver futures effective at the close of business Friday, April 4.

For Spec traders in the 100-ounce gold contract (GC) the initial performance bond requirement drops $825 or 10.3% from $7,975 to $7,150 per contract. Maintenance (margin) requirements also will fall 10.3% from $7,250 to $6,500 per contract.

 

For Hedge members both the initial bond requirement and Maintenance rates will also fall 10.3% from $7,250 to $6,500 per GC gold contract. 

Silver

For Spec traders in the 5,000-ounce silver contract (SI) the initial performance bond requirement will fall $1,100 or 10% from $11,000 to $9,900 per contract. Spec Maintenance (margin) requirements decline $1,000 (also 10%) from $10,000 to $9,000 per contract.

For Hedge Members in the big silver contract, both the initial bond and margin rates will drop  10% from $10,000 to $9,000 per contract.

Other margin changes in various metals contracts were reported in the notice, linked below, including the smaller silver and gold contracts and platinum. 

Source: CME Group

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-138.pdf


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