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VOLUME 22 - BULLETIN #009
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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January 16, 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, January 18, 2002:
CBOT Margin Rates
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From
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To
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Soybean Meal
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$500
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$450
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Long-Term Municipal Bond Index
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$1000
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$1100
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Dow Jones Industrial AverageSM1
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$4000
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$3000
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Mini Dow Jones Industrial Average
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$800
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$600
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Dow – AIG Commodity IndexSM2
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$600
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$800
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CBOT Implied Volatility Scan
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From
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To
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Oats
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10%
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20%
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Soybeans
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10%
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15%
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Rough Rice
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10%
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15%
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U.S. Treasury Bond
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10%
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15%
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Mini U.S. Treasury Bond
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10%
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15%
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Old Crop vs. New Crop Spread Margins
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From
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To
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Corn vs. New Crop Corn (1:1)
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$50
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$100
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MACE Margin Rates
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From
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To
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Soybean Meal
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$250
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$225
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MACE Implied Volatility Scan
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From
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To
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Oats
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10%
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20%
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Soybeans
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10%
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15%
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MACE Old Crop vs. New Crop Spread Margins
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From
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To
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Corn vs. New Crop Corn (1:1)
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$10
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$20
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SM1 "Dow JonesSM," "The DowSM," "Dow Jones Industrial AverageSM," "DJIASM," "Dow Jones Composite AverageSM," "DJCASM," "Dow Jones Transportation AverageSM," "DJTASM, "Dow Jones Utility AverageSM," and "DJUASM" 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 these contracts are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of trading in such product(s). Please note that the Dow Jones Industrial AverageSM has a "Mini" equivalent.
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SM2 “Dow Jones” and “AIG”, “Dow Jones-AIG Commodity Index”, and ”DJ-AIGCI”, are service marks of Dow Jones & Company, Inc and American International Group, Inc. (AIG), as the case may be, and have been licensed for use for certain purposes by the CBOT. The CBOT Dow Jones – AIG Commodity Index futures and futures options are not sponsored, endorsed, or sold by Dow Jones, AIG American International Group, or any of their respective subsidiaries or affiliates, and none of Dow Jones, AIG, American International Group, or any of their respective subsidiaries or affiliates, makes any representation regarding the advisability of investing in such product(s).
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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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