VOLUME 20 - BULLETIN #211
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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CBOT® Dow JonesSM Index Futures Contracts Margin Rates
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The Board of Trade Clearing Corporation has adopted the following margin parameters in connection with the start of trading of the CBOT® Dow Jones Composite AverageSM Index, the CBOT® Dow Jones Transportation AverageSM Index, and the CBOT® Dow Jones Utilities AverageSM Index on Thursday, July 20, 2000:
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CBOT® Margin Interval
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Margin Rates
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CBOT® Dow Jones Transportation AverageSM ("DJTA")
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$2,000
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CBOT® Dow Jones Utilities AverageSM ("DJUA")
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$1,500
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CBOT® Dow Jones Composite AverageSM ("DJCA")
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$1,500
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CBOT Inter-Commodity Spread Credits
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Spread Margin%
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Spread Savings %
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1DJTA:1DJUA:1 DJIA vs. 4DJCA (1:1:1 vs. 4)
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15%
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85%
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1DJIA vs. 2DJCA (1 vs. 2)
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15%
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85%
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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” , “Dow Jones Utilities AverageSM”, "Dow Jones Transportation AverageSM", , "Dow Jones Composite AverageSM" and "DJUASM", "DJTASM" and "DJCASM" 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 JonesSM Indexes 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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