VOLUME 20 - BULLETIN #210
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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July 19, 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, July 21, 2000:
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CBOT® Margin Rates
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From
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To
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Soybeans
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$1,000
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$900
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Soybean Meal
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$700
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$600
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Soybean Oil
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$450
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$400
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5-Year U.S. Treasury Note
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$650
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$600
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CBOT® Dow Jones Industrial AverageSM
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$5,000
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$4,000
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CBOT Delivery Month Surcharge
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Add-on Amount
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August 2000 Soybeans
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$100
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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 Bond vs. Long Term Agency (1:2)
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70%
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60%
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Old Crop vs. New Crop Spread Margins
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From
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To
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Soybeans vs. New Crop Soybeans
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$200
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$350
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Soybean Meal vs. New Crop Soybean Meal
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$200
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$250
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Inter-Exchange Spread Credit Savings
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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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CBOT Wheat vs. MGE White Wheat (1:1)
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70%
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0%
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CBOT 2-Yr. T-Note vs. FINEX 2-Yr. T-Note (5:2)
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80%
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0%
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CBOT Wheat vs. KCBOT Wheat (1:1)
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70%
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80%
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Volume 20 - Bulletin #210
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Page 2
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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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$200
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$180
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Soybean Meal
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$350
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$300
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Soybean Oil
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$225
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$200
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5 Year U.S. Treasury Note
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$325
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$300
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Deutsche Mark
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$600
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$500
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Swiss Franc
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$800
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$700
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Eurocurrency
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$780
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$900
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MACE Delivery Month Surcharge
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Add-on Amount
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August 2000 Soybeans
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$20
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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 Mark vs. Swiss Franc (1:1)
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84.98%
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80%
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British Pound vs. Swiss Franc (5:2)
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64.98%
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0%
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British Pound vs. Deutsche Mark (5:2)
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69.00%
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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:
“Dow JonesSM”, “The DowSM” and “Dow Jones Industrial AverageSM” are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by the Board of Trade of the City of Chicago (“CBOT”). The CBOT’s futures and futures options contracts based on the Dow Jones Industrial AverageSM are not sponsored, endorsed, sold or promoted by Dow JonesSM, and Dow JonesSM makes no representation regarding the advisability of trading such product(s).
CBOT is a registered trademark of the Board of Trade of the City of Chicago.
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