Margin
Information
as of
March 18, 2003 |
Net
Position Spreads
Grains & Oilseeds
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL MARGIN |
MAINT. MARGIN |
Corn*
Wheat*
Oats*
Soybeans*
KC Wheat*
Minn.Wheat*
Rough Rice*
Soy Meal*
Soy Oil*
|
CBOT
CBOT
CBOT
CBOT
KCBOT
MGE
CBOT
CBOT
CBOT
|
540
1,013
675
1,148
813
750
540
675
675
|
400
750
500
850
650
550
400
500
500
|
|
**135
**608
**270
**473
100
-
50
**405
**270
|
**100
**450
**200
**350
100
-
50
**300
**200
|
Margins are
subject to change without notice.
* Margins involving the spot month may be significantly higher.
** Margins are for interyear spreads. |
Net
Position Spreads
Meats
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL
MARGIN |
MAINT.
MARGIN |
Live Cattle*
Lean Hogs*
Pork Bellies*
Feeder Cattle
GSCI Index
|
CME
CME
CME
CME
CME
|
810
675
1,620
1,013
2,700
|
600
500
1,200
750
1,800
|
|
405
810
**540
338
750
|
300
600
**400
250
550
|
Margins are
subject to change without notice.
* Margins involving the spot month may be significantly higher.
|
Net
Position Spreads
Metals
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL
MARGIN |
MAINT.
MARGIN |
Gold
Mini Gold
Silver
Mini Silver
Copper
Platinum
Palladium*
|
COMEX
CBOT
COMEX
CBOT
COMEX
NYMEX
NYMEX
|
2,025
473
1,350
270
1,350
2,160
6,750
|
1,500
350
1,000
200
1,000
1,600
5,000
|
|
80
-
80
-
567
405
405
|
60
-
60
-
420
300
300
|
Margins are
subject to change without notice.
* Margins involving the spot month may be significantly higher.
|
Net
Position Spreads
Energy
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL
MARGIN |
MAINT.
MARGIN |
Crude Oil*
Unleaded Gas*
Heating Oil*
Lumber*
Natural Gas*
|
NYMEX
NYMEX
NYMEX
CME
NYMEX
|
7,425
7,425
7,425
1,650
10,800
|
5,500
5,500
5,500
1,100
8,000
|
|
338
405
338
900
1,350
|
250
300
250
600
1,000
|
Margins are
subject to change without notice.
* Margins involving the spot month may be significantly higher.
|
Net
Position Spreads
Tropicals
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL
MARGIN |
MAINT.
MARGIN |
Coffee*
Cocoa*
Sugar*
Cotton*
Orange Juice*
|
NYBOT
NYBOT
NYBOT
NYBOT
NYBOT
|
1,680
1,820
700
1,050
700
|
1,200
1,300
500
750
500
|
|
280
280
210
350
350
|
200
200
150
250
250
|
Margins are
subject to change without notice.
* Margins involving the spot month may be significantly higher.
|
Net
Position Spreads
Currencies
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL
MARGIN |
MAINT.
MARGIN |
Aust Dollar
British Pound
Canadian Dollar
Dollar Index
Euro Currency
Japanese Yen
Mexican Peso
Swiss Franc
|
IMM
IMM
IMM
NYBOT
IMM
IMM
IMM
IMM
|
945
1,350
743
1,663
1,890
2,160
3,125
1,485
|
700
1,000
550
1,250
1,400
1,600
2,500
1,100
|
|
34
34
34
200
68
68
250
34
|
25
25
25
150
50
50
200
25
|
Margins are
subject to change without notice.
|
Net
Position Spreads
Interest Rates
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL
MARGIN |
MAINT.
MARGIN |
U.S. T-Bonds
10 Year Notes
5 Year Notes
Muni Bond Index
Eurodollars
T-Bills
EuroYen (in Yen)
|
CBOT
CBOT
CBOT
CBOT
IMM
IMM
IMM
|
2,700
1,755
1,350
1,890
878
405
10,125
|
2,000
1,300
1,000
1,400
650
300
7,500
|
|
-
-
-
-
169
405
3,375
|
-
-
-
-
125
300
2,500
|
Margins are
subject to change without notice.
|
Net
Position Spreads
Indices
|
|
|
NET POSITIONS |
|
SPREADS |
CONTRACT |
EXCH. |
INITIAL
MARGIN |
MAINT.
MARGIN |
|
INITIAL
MARGIN |
MAINT.
MARGIN |
S&P 500 Index
E-Mini S&P Index
NASDAQ 100
E-Mini NASDAQ
Mid Cap 400
Russell 2000
Nikkei Index
CRB Index
Dow Jones Index
|
CME
CME
CME
CME
CME
CME
CME
NYBOT
CBOT
|
17,813
3,563
11,250
2,250
13,125
15,000
6,250
2,000
5,400
|
14,250
2,850
9,000
1,800
10,500
12,000
5,000
2,000
4,000
|
|
125
25
125
25
125
125
125
460
-
|
100
20
100
20
100
100
100
350
-
|
Margins are
subject to change without notice.
|
Intermarket
Spreads
Grains and Oilseeds |
|
RATIO |
INITIAL
MARGIN |
MAINT.
MARGIN |
Beans/Meal & Oil
Soybeans/Meal
Soybeans/Oil
|
1/1&1
1/1
1/1
|
500
273
273
|
370
203
203
|
| Margins are
subject to change without notice. |
Intermarket
Spreads
Meats |
|
RATIO |
INITIAL
MARGIN |
MAINT.
MARGIN |
Pork Bellies/Lean Hogs
Live Cattle/Lean Hogs
Feeder Cattle/Lean Hogs
Live Cattle/Feeder Cattle
Live Cattle/Pork Bellies
|
1/1
1/1
1/1
1/1
1/1
|
1,350
1,080
1,080
540
1,620
|
1,000
800
800
400
1,200
|
| Margins are
subject to change without notice. |
Intermarket
Spreads
Energy |
|
RATIO |
INITIAL
MARGIN |
MAINT.
MARGIN |
Crude Oil/Heating Oil
Unleaded Gas/Heating Oil
Heating Oil/Natural Gas
Crude Oil/Unleaded Gas
|
1/1
1/1
1/1
1/1
|
5,198
5,940
10,935
5,198
|
3,850
4,400
8,100
3,850
|
| Margins are
subject to change without notice. |
Intermarket
Spreads
Metals |
|
RATIO |
INITIAL
MARGIN |
MAINT.
MARGIN |
Gold/Platinum
|
1/2
|
1,600
|
1,100
|
|
|
|
|
| Margins are
subject to change without notice. |
Intermarket
Spreads
Currencies |
|
RATIO |
INITIAL
MARGIN |
MAINT.
MARGIN |
Australian/Canadian $
Australian Dollar/S-Franc
B-Pound/Canadian Dollar
B-Pound/Euro FX
B-Pound/J-Yen
B-Pound/S-Franc
Canadian Dollar/Euro FX
Canadian Dollar/J-Yen
Canadian Dollar/S-Franc
Euro FX/J-Yen
Euro FX/S-Franc
J-Yen/S-Franc
|
1/1
1/1
1/1
3/2
1/1
1/1
2/1
1/1
1/1
1/1
2/3
1/1
|
945
1,485
1,350
2,835
1,890
1,080
2,295
2,025
1,620
1,890
1,350
1,755
|
700
1,100
1,000
2,100
1,400
800
1,700
1,500
1,200
1,400
1,000
1,300
|
| Margins are
subject to change without notice. |
Intermarket
Spreads
Interest Rates |
|
RATIO |
INITIAL
MARGIN |
MAINT.
MARGIN |
5 Yr Notes/Bonds
10 Yr Notes/Bonds
Muni/Bonds
T-Bill/Eurodollar
|
1/1
1/1
1/1
1/1
|
1,418
1,114
1,148
135
|
1,050
825
850
100
|
| Margins are
subject to change without notice. |
Intermarket
Spreads
Indices |
|
RATIO |
INITIAL
MARGIN |
MAINT.
MARGIN |
MidCap 400/Nasdaq
S&P/MidCap 400
S&P/Nikkei 225
S&P/NASDAQ
Mini S&P/Mini Value Line
Mini S&P/Mini Nasdaq
|
2/3
1/1
1/5
1/2
1/1
1/2
|
13,750
3,750
9,375
8,750
6,750
1,750
|
11,000
3,000
7,500
7,000
5,400
1,400
|
| Margins are
subject to change without notice. |
|
|
