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CORRECTION* VOLUME 20 - BULLETIN #49
TO:
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ALL CLEARING MEMBERS
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FROM:
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BUSINESS SYSTEMS GROUP
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DATE:
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February 18, 2000
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SUBJECT:
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Margin Updates
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The Board of Trade Clearing Corporation has authorized the following margin changes effective with the mid-day margin calculation on Friday, February 18, 2000:
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CBOT® Margin Rates
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From
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To
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U.S. Bonds
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$ 2,000
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$ 1,850
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5 Yr. Note
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$ 850
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$ 750
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CBOT March Spot Month Surcharge
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Add-On Amount
$ 150
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U.S. Bonds
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CBOT Inter-Commodity Spread Credits
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From
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To
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U.S. Bonds vs. 10 Yr. Note (1:2)
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85%
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80%
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U.S. Bonds vs. 5 Yr. Note (2:5)
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80%
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75%
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U.S. Bonds vs. 2 Yr. Note (2:5)
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70%
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65%
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MACE Margin Rates
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From
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To
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U.S. Bonds
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$ 1000
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$ 925
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5 Yr. Note
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$ 424
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$ 375
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MACE March Spot Month Surcharge
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Add-On Amount
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U.S. Bonds
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$ 75
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Volume 20 - Bulletin #49
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Page 2
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*MACE Inter -Commodity Spread Credits
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From
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To
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U.S. Bonds vs. 10 Yr. Note (1:2)
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85%
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80%
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U.S. Bonds vs. 5 Yr. Note (2:5)
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80%
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75%
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Should you have any questions, please call or e-mail one of the following Business Systems Analysts:
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