The spot month margins will decrease to $2,500 from $3,500 for clearing members; to $2,750 from $3,850 for members; and to $3,375 from $4,725 for customers.
Margins in other months will be reduced as follows:
Clearing Members
Second month $2,500 from $3,000
Third through sixth months $2,000 from$2,500
Seventh month and beyond $1, 500 from $2,000
Members Second month $2,750 from $3,300
Third through sixth months $2,200 from $2,750
Seventh month and beyond $1,650 from $2,200
Customers Second month $3,375 from $4,050
Third through sixth months
$2,700 from $3,375
Seventh month and beyond $2,025 from $2,700.
