VOLUME 20 - BULLETIN #305 Margin Updates

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:


John Compall		john.compall@botcc.com
Shawn Gebbia	786-5748	shawn.gebbia@botcc.com
Marc MacQuarrie	786-5732	marc.macquarrie@botcc.com
Richard Scruggs	786-5739	richard.scruggs@botcc.com
Jill Turner	786-5718	jill.turner@botcc.com
Matt Walsh		matt.walsh@botcc.com
Kelli Wegener	786-5778	kelli.wegener@botcc.com

Thomas Andrews	Manager	thomas.andrews@botcc.com
Diane Schuering	Vice President	diane.schuering@botcc.com

Business Systems Group E-Mail Address		BSG@botcc.com
BOTCC Web Site		http://www.botcc.com

*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 Jones^SM”, “The Dow^SM”, “Dow Jones Industrial Average^SM” and “DJIA^SM” 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 Average^SM are not sponsored, endorsed, sold or promoted by Dow Jones^SM, and Dow Jones^SM makes no representation regarding the advisability of trading such product(s).