VOLUME 23 – BULLETIN #129
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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September 17, 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, September 19, 2003:
CBOT Margin Rates
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From
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To
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Soybeans
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$850
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$1000
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Mini Soybeans
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$170
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$200
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Soy Meal
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$575
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$700
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5-Year Treasury Notes
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$850
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$1,000
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2-Year Treasury Notes
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$600
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$750
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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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US Treasury Bonds vs. 10-Year Agency Notes (1:2)
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30%
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70%
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35%
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65%
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Mini-US Treasury Bonds vs. 10-Year Agency Notes (1:1)
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30%
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70%
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35%
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65%
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CBOT Old – New Crop Spread Charges
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From
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To
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Soybeans
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$350
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$450
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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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