The New York Metal Exchange has announced changes to its margins for platinum and palladium futures contracts with the changes effective from the close of business yesterday (May 5th).

Platinum futures margins have dropped from $7,000 to $6,000 for clearing members while members have seen margins decrease to $6,600 from $7,700.

Meanwhile, customers will see margins decline from $9,450 to $8,100.

Margins for the Asian platinum futures contract will also decrease to $1,929 from $2,251 for clearing members, $2,122 for members and £2,605 for customers.

Palladium futures margins have also decreased with clearing members seeing a drop in margins from $4,500 to $2,750 with members' margins falling to $3,025.

Customers have seen margins drop to $3,713 - a decrease from the previous sum of $6,075.

The metal exchange also revealed that its Asian palladium futures contracts had decreased to $442, $486 and $497 for clearing members, members and customers respectively.

Source:

NYMEX to Change Margins for Platinum, Palladium Futures Contracts, 06/05/08
http://nymex.mediaroom.com/index.php?s=43&item=1838