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Bulletin Heading VOLUME 25 – BULLETIN #012

TO:

ALL CLEARING PARTICIPANTS

FROM:

CLIENT SERVICES AND SUPPORT

DATE:

February 28, 2005

SUBJECT:

Euro Link Margin Rate Changes

The following margin intervals are effective with the mid-day calculation on Wednesday, March 2, 2005:

Euro Link US Margin Rates

From

To

DAX

€8000

€8200

Dow Jones STOXX 600-Banks

€1300

€1400

Dow Jones STOXX 50

€2100

€2200

Dow Jones Euro STOXX 50

€2200

€2300

Euro-Bund

€1400

€1500

Euro Link Intra-Commodity Spread Charges

Spot Month From

Back Month From

Spot Month To

Back Month To

DAX

N/A

€150

N/A

€125

Dow Jones Euro STOXX –Banks

N/A

€90

N/A

€80

Dow Jones Euro STOXX 50

N/A

€90

N/A

€60

Three-Month Euribor

€200

€200

€200

€150

Euro-Bund

€300

€130

€510

€110

Euro-Bobl

€250

€120

€380

€110

Euro-Schatz

€200

€100

€210

€150

Euro-Buxl

€400

€160

€800

€250

Dow Jones Global Titans 50

N/A

€250

N/A

€225

Dow Jones STOXX 50

N/A

€120

N/A

€75

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

John Compall

 

john.compall@clearingcorp.com

Richard Crilly

786-3842

richard.crilly@clearingcorp.com

Marc MacQuarrie

786-5732

marc.macquarrie@clearingcorp.com

     

Thomas Andrews

Director

thomas.andrews@clearingcorp.com

     

Client Services and Support E-Mail Address

css@clearingcorp.com

Clearing Corporation Web Site

http://www.clearingcorp.com