VOLUME 20 - BULLETIN #305
TO:
|
ALL CLEARING MEMBERS
|
FROM:
|
BUSINESS SYSTEMS GROUP
|
DATE:
|
October 18, 2000
|
SUBJECT:
|
Margin Updates
|
The Board of Trade Clearing Corporation has authorized the following margin changes effective with the mid-day margin calculation on Friday, October 20, 2000:
|
|
|
|
|
CBOT® Margin Rates
|
From
|
To
|
Soybean Oil
|
$ 400
|
$ 350
|
Rough Rice
|
$ 500
|
$ 600
|
Dow Jones Composite Average ("DJCA")
|
$ 1500
|
$ 1000
|
Dow Jones Utilities Average ("DJUA")
|
$ 1500
|
$ 2000
|
|
|
|
|
CBOT Inter-Commodity Spread Credit Rates
|
From
|
To
|
|
|
Spread Credit %
|
Spread Credit %
|
5-Year Treasury Note vs. 2-Year Treasury Note (1:1)
|
80%
|
85%
|
|
|
|
|
CBOT Stock Index Spread Credit Rates
|
From
|
To
|
|
|
Spread Credit %
|
Spread Credit %
|
Dow Jones Industrial Average vs. DJCA (1:2)
|
85%
|
70%
|
Dow Jones Products* (1:1:1) vs. DJCA (1:4)
|
85%
|
70%
|
|
|
|
|
Old Crop vs. New Crop Spread Margins
|
From
|
To
|
Corn vs. New Crop Corn
|
$ 100
|
$ 50
|
|
|
|
|
MACE Margin Rates
|
From
|
To
|
Soybean Oil
|
$ 200
|
$ 175
|
|
|
|
|
MACE Old Crop vs. New Crop Spread Margins
|
From
|
To
|
Corn vs. New Crop Corn (1:1)
|
$ 20
|
$ 10
|
Volume 20 - Bulletin #305 Page 2
Should you have any questions, please call or e-mail one of the following Business Systems Analysts:
*In this letter, the term "Dow Jones Products" refers to the Dow Jones Industrial Average, the Dow Jones Transportation Average and the Dow Jones Utilities Average.
“Dow JonesSM”, “The DowSM”, “Dow Jones Industrial AverageSM” and “DJIASM” 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).
| 
Printer
Friendly Version