VOLUME 22 – BULLETIN #240
TO:
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ALL CLEARING MEMBERS
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FROM:
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CLIENT SERVICES AND SUPPORT
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DATE:
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December 11, 2002
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SUBJECT:
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Margin Updates
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The Board of Trade Clearing Corporation has approved the following margin and spread margin rate changes effective with the mid-day calculation on Friday, December 13, 2002:
CBOT Margin Rates
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From
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To
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Corn
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$550
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$400
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Oats
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$400
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$500
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Soybeans
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$1000
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$850
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Soybean Meal
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$650
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$500
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Soybean Oil
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$400
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$500
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Rough Rice
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$500
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$400
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10-Year Swap
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$1300
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$1500
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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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Wheat Old Crop vs. Wheat New Crop
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$250
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$450
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Soybean Oil Old Crop vs. Soybean Oil New Crop
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$100
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$200
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From
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To
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CBOT Inter-Exchange 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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CBOT Wheat vs. Minneapolis Wheat (1:1)
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30%
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70%
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50%
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50%
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For information purposes, please note that the following Mid-America Commodity Exchange margins will change to follow the primary markets:
MACE Margin Rates
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From
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To
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Corn
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$110
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$80
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Soybeans
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$200
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$170
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MACE Old Crop vs. New Crop Spread Charge
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From
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To
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Wheat Old Crop vs. Wheat New Crop
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$50
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$90
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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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