VOLUME 20 - BULLETIN #155
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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May 17, 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, May 19, 2000:
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CBOT® Margin Rates
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From
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To
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Corn
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$400
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$500
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MACE/CBOT Inter-Commodity Spread Credits
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Spread
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Spread
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Margin %
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Savings %
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U.S. Treasury Bonds vs. 10 Yr. Agency (1:1)
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25%
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75%
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U.S. 10 Yr. Treasury Notes vs. 10 Yr. Agency (2:1)
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20%
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80%
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U.S. 5 Yr. Treasury Notes vs. 10 Yr. Agency (3:1)
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20%
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80%
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MACE Margin Rates
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From
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To
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Corn
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$80
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$100
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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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