VOLUME 20 - BULLETIN #351
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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December 8, 2000
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SUBJECT:
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Merchants Exchange of St. Louis (MESL) Barge Freight Futures Contracts Margin Rates
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Effective Friday, December 8, 2000, the Board of Trade Clearing Corporation has authorized the following margin rates for the MESL Barge Freight Futures Contracts:
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MESL Margin Rates
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Margin Rate
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Illinois Waterway Barge Freight
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$ 3000
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St. Louis Harbor Barge Freight
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$ 2400
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MESL Inter-Commodity Spread Credit
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Spread Credit %
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Illinois Waterway vs. St. Louis Harbor (1:1)
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50%
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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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