VOLUME 20 - BULLETIN #179
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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June 14, 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, June 16, 2000:
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CBOT® Margin Rates
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From
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To
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Long Term Agency
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$700
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$900
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Soybeans
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$900
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$1,000
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Soybean Meal
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$600
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$700
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1000 oz. Silver
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$250
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$200
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5000 oz. Silver
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$1,250
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$1,000
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100 oz. Gold
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$1,500
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$1,050
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Kilo Gold
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$500
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$350
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CBOT Inter-Commodity Spread Credit Rates
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From
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To
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Spread Credit %
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Spread Credit %
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U.S. Treasury Bonds vs. Long Term Agency (1:2)
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75%
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70%
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5 Yr. U.S. Treasury Notes vs. Long Term Agency (3:2)
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80%
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75%
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2 Yr. Treasury Notes vs. Long Term Agency (3:2)
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70%
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65%
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CBOT vs. MACE Inter-Exchange Spread Credit Rates
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From
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To
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Spread Credit %
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Spread Credit %
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Long Term Agency vs. U.S. Treasury Bonds (1:1)
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75%
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70%
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Long Term Agency vs. 5 Yr. Treasury Notes (1:3)
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80%
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75%
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MACE Margin Rates
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From
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To
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Soybeans
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$180
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$200
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Soybean Meal
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$300
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$350
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NY Silver
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$250
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$200
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NY Gold
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$500
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$350
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Cattle
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$238
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$175
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British Pounds
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$240
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$270
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Volume 20 - Bulletin #179
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Page 2
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Deutsche Marks
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$400
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$600
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Swiss Francs
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$625
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$800
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Japanese Yen
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$1,140
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$1,560
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MACE Inter-Commodity Spread Credit Rates
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From
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To
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Spread Credit %
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Spread Credit %
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Deutsche Marks vs. Japanese Yen (1:1)
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52.01%
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0%
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Swiss Francs vs. Japanese Yen (1:1)
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52.97%
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0%
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British Pounds vs. Japanese Yen (5:2)
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50%
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0%
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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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