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VOLUME 21 - BULLETIN #77
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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March 21, 2001
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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, March 23, 2001:
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CBOT Margin Rates
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From
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To
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Soybean Oil
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$ 200
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$ 350
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From
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To
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CBOT Inter-Commodity Spread Credit Rates
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Spread Savings %
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Spread Savings %
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U.S. Treasury Bond vs. 10-Year Treasury Note (1:1)
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80%
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75%
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U.S Treasury Bond vs. 5-Year Treasury Note (1:1)
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60%
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55%
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MACE Margin Rates
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From
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To
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Soybean Oil
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$ 100
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$ 175
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Live Cattle
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$ 175
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$ 300
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Lean Hogs
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$ 300
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$ 350
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From
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To
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MACE Inter-Commodity Spread Credit Rates
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Spread Savings %
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Spread Savings %
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U.S. Treasury Bond vs. 10-Year Treasury Note (1:1)
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80%
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75%
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U.S. Treasury Bond vs. 5-Year Treasury Note (1:1)
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60%
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55%
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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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