VOLUME 23 – BULLETIN #112
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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July 16, 2003
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SUBJECT:
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Margin Updates
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The following margin rate changes will become effective with the mid-day calculation on Friday, July 18, 2003:
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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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2- Year Treasury Note vs. 10-Year Treasury Notes (1:1)
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35%
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65%
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45%
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55%
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2- Year Treasury Note vs. Mini-10-Year Treasury Notes (1:2)
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35%
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65%
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45%
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55%
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10-Year Interest Rate Swap vs. 10-Year Agency Notes (1:1)
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15%
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85%
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25%
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75%
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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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