VOLUME 22 - BULLETIN #180
TO:
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ALL CLEARING MEMBERS
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FROM:
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CLIENT SERVICES AND SUPPPORT
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DATE:
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September 18, 2002
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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, September 20, 2002:
CBOT Margin Rates
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From
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To
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10 Year Agency Note
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$1300
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$1500
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U.S. Treasury Bond
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$1800
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$2000
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Muni-Bond Index
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$1100
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$1400
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10 Year Swap
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$1300
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$1600
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Mini U.S. Treasury Bond
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$900
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$1000
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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
Margin %
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Spread
Savings %
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Spread
Margin %
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Spread
Savings %
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10-Year Swap vs. 10 Year Agency Note (1:1)
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20%
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80%
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15%
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85%
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CBOT Old Crop vs. New Crop Spread Charge
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From
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To
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Soy Beans Old Crop vs. Soy Beans New Crop
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$250
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$350
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Mid American Old Crop vs. New Crop Spread Charge
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From
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To
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Soy Beans Old Crop vs. Soy Beans New Crop
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$50
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$70
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Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:
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