TO:	ALL CLEARING PARTICIPANTS
FROM:	CLIENT SERVICES AND SUPPORT
DATE:	September 21, 2005
SUBJECT:	Margin Rates for Eurex US FX Futures

The following margin intervals and spread credit rates are effective with the mid-day calculation on Friday, September 23, 2005.

Eurex US Margin Rates	To
EUR/USD	$4,500
AUD/USD	$2,700
GBP/USD	$5,900
USD/JPY	JPY 400,000
USD/CHF	CHF 4,800
USD/CAD	CAD 3,700
EUR/JPY	JPY 400,000
GBP/JPY	JPY 600,000
EUR/CHF	CHF 1,800
EUR/GBP	GBP 1,800

Eurex US Inter-Commodity Spread Credit Rates	Spread Margin %	Spread Savings %
EUR/USD vs AUD/USD (1:1)	40%	60%
EUR/USD vs GBP/USD (1:1)	35%	65%
EUR/USD vs USD/JPY (+1:-1)	45%	55%
EUR/USD vs USD/CHF (+1:-1)	20%	80%
EUR/USD vs USD/CAD (+1:-1)	55%	45%
EUR/USD vs EUR/JPY (+1:-1)	50%	50%
AUD/USD vs GBP/USD (1:1)	55%	45%
AUD/USD vs USD/JPY (+1:-1)	40%	60%
AUD/USD vs USD/CHF (+1:-1)	40%	60%
AUD/USD vs USD/CAD (+1:-1)	45%	55%
GBP/USD vs USD/JPY (+1:-1)	50%	50%
GBP/USD vs USD/CHF (+1:-1)	35%	65%
USD/JPY  vs USD/CHF (1:1)	45%	55%
USD/CHF vs USD/CAD (1:1)	55%	45%
USD/CHF vs EUR/JPY (+1:-1)	50%	50%
EUR/JPY vs GBP/JPY (1:1)	40%	60%
EUR/JPY vs EUR/GBP (1:1)	45%	55%

Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives: