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The New York Mercantile Exchange, Inc. announced today that it will change margins for its platinum and palladium futures contracts, effective at the close of business tomorrow.
Platinum futures margins will increase to $6,000 from $5,000 for clearing members, to $6,600 from $5,500 for members, and to $8,100 from $6,750 for customers.
Margins for the Asian platinum futures contract will increase to $1,928 from $1,608 for clearing members, to $2,121 from $1,769 for members, and to $2,603 from $2,171 for customers.
Palladium futures margins will increase to $4,500 from $4,000 for clearing members, to $4,950 from $4,400 for members, and to $6,075 from $5,400 for customers.
Margins for the Asian palladium futures contract will increase to $723 from $643 for clearing members, to $795 from $707 for members, and to $976 from $868 for customers.
