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  • CME Margin Increase

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    Zerohedge
    4K visualizzazioni5 pagine
    The document outlines changes to minimum performance bond requirements on COMEX metals futures contracts. It lists the contract, whether the trader is a speculator or hedger/member, the change type (all increases), currency (all USD), and new initial and maintenance bond levels. The changes increase minimum bond levels across tiers for COMEX gold and silver futures.

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    CME margin increase

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    The document outlines changes to minimum performance bond requirements on COMEX metals futures contracts. It lists the contract, whether the trader is a speculator or hedger/member, the change type (all increases), currency (all USD), and new initial and maintenance bond levels. The changes increase minimum bond levels across tiers for COMEX gold and silver futures.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    4K visualizzazioni5 pagine

    CME Margin Increase

    Caricato da

    Zerohedge
    The document outlines changes to minimum performance bond requirements on COMEX metals futures contracts. It lists the contract, whether the trader is a speculator or hedger/member, the change type (all increases), currency (all USD), and new initial and maintenance bond levels. The changes increase minimum bond levels across tiers for COMEX gold and silver futures.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 5

    SPAN MINIMUM PERFORMANCE BOND REQUIREMENTS

    CC Rate Type Description Change ISO Current Current New Initial New
    Initial Maintenance Maintenance
    Intra Spreads

    METALS - Intra Spreads

    COMEX Gold - Tier 1 vs Tier 4 (10 TROY OZ GOLD FUTURES)


    MGC Spec Increase USD 54 40 81 60
    MGC Hedge/Member Increase USD 40 40 60 60

    COMEX Gold - Tier 1 vs Tier 4 (COMEX 100 GOLD FUTURES)


    GC Spec Increase USD 540 400 810 600
    GC Hedge/Member Increase USD 400 400 600 600

    COMEX Gold - Tier 1 vs Tier 4 (COMEX 100 GOLD TRADE AT SETTLEMENT)


    GCT Spec Increase USD 540 400 810 600
    GCT Hedge/Member Increase USD 400 400 600 600

    COMEX Gold - Tier 1 vs Tier 4 (COMEX MINY GOLD FUTURES)


    QO Spec Increase USD 270 200 405 300
    QO Hedge/Member Increase USD 200 200 300 300

    COMEX Gold - Tier 1 vs Tier 4 (E-MINI GOLD FUTURES)


    8Q Spec Increase USD 178 132 267 198
    8Q Hedge/Member Increase USD 132 132 198 198

    COMEX Gold - Tier 2 vs Tier 4 (10 TROY OZ GOLD FUTURES)


    MGC Spec Increase USD 54 40 81 60
    MGC Hedge/Member Increase USD 40 40 60 60

    COMEX Gold - Tier 2 vs Tier 4 (COMEX 100 GOLD FUTURES)


    GC Spec Increase USD 540 400 810 600
    GC Hedge/Member Increase USD 400 400 600 600

    COMEX Gold - Tier 2 vs Tier 4 (COMEX 100 GOLD TRADE AT SETTLEMENT)


    GCT Spec Increase USD 540 400 810 600
    GCT Hedge/Member Increase USD 400 400 600 600

    COMEX Gold - Tier 2 vs Tier 4 (COMEX MINY GOLD FUTURES)


    QO Spec Increase USD 270 200 405 300
    QO Hedge/Member Increase USD 200 200 300 300

    COMEX Gold - Tier 2 vs Tier 4 (E-MINI GOLD FUTURES)


    8Q Spec Increase USD 178 132 267 198
    8Q Hedge/Member Increase USD 132 132 198 198

    COMEX Gold - Tier 3 vs Tier 4 (10 TROY OZ GOLD FUTURES)


    MGC Spec Increase USD 54 40 81 60
    MGC Hedge/Member Increase USD 40 40 60 60

    COMEX Gold - Tier 3 vs Tier 4 (COMEX 100 GOLD FUTURES)


    GC Spec Increase USD 540 400 810 600
    GC Hedge/Member Increase USD 400 400 600 600

    2/17/2011 20 South Wacker Drive Chicago, IL 60606 Ph.: (312) 648-3888 Fax: (312) 930-3187 cmegroup.com Page 14 of 18
    SPAN MINIMUM PERFORMANCE BOND REQUIREMENTS
    CC Rate Type Description Change ISO Current Current New Initial New
    Initial Maintenance Maintenance
    Intra Spreads

    COMEX Gold - Tier 3 vs Tier 4 (COMEX 100 GOLD TRADE AT SETTLEMENT)


    GCT Spec Increase USD 540 400 810 600
    GCT Hedge/Member Increase USD 400 400 600 600

    COMEX Gold - Tier 3 vs Tier 4 (COMEX MINY GOLD FUTURES)


    QO Spec Increase USD 270 200 405 300
    QO Hedge/Member Increase USD 200 200 300 300

    COMEX Gold - Tier 3 vs Tier 4 (E-MINI GOLD FUTURES)


    8Q Spec Increase USD 178 132 267 198
    8Q Hedge/Member Increase USD 132 132 198 198

    COMEX Gold - Tier 4 vs Tier 4 (10 TROY OZ GOLD FUTURES)


    MGC Spec Increase USD 54 40 81 60
    MGC Hedge/Member Increase USD 40 40 60 60

    COMEX Gold - Tier 4 vs Tier 4 (COMEX 100 GOLD FUTURES)


    GC Spec Increase USD 540 400 810 600
    GC Hedge/Member Increase USD 400 400 600 600

    COMEX Gold - Tier 4 vs Tier 4 (COMEX 100 GOLD TRADE AT SETTLEMENT)


    GCT Spec Increase USD 540 400 810 600
    GCT Hedge/Member Increase USD 400 400 600 600

    COMEX Gold - Tier 4 vs Tier 4 (COMEX MINY GOLD FUTURES)


    QO Spec Increase USD 270 200 405 300
    QO Hedge/Member Increase USD 200 200 300 300

    COMEX Gold - Tier 4 vs Tier 4 (E-MINI GOLD FUTURES)


    8Q Spec Increase USD 178 132 267 198
    8Q Hedge/Member Increase USD 132 132 198 198

    COMEX Silver - Tier 1 vs Tier 1 (COMEX 5000 SILVER FUTURES)


    SI Spec Increase USD 203 150 236 175
    SI Hedge/Member Increase USD 150 150 175 175

    COMEX Silver - Tier 1 vs Tier 1 (COMEX 5000 SILVER TRADE AT SETTLE)


    SIT Spec Increase USD 203 150 236 175
    SIT Hedge/Member Increase USD 150 150 175 175

    COMEX Silver - Tier 1 vs Tier 1 (COMEX MINY SILVER FUTURES)


    QI Spec Increase USD 101 75 118 88
    QI Hedge/Member Increase USD 75 75 88 88

    COMEX Silver - Tier 1 vs Tier 1 (E-MINI SILVER FUTURES)


    6Q Spec Increase USD 41 30 47 35
    6Q Hedge/Member Increase USD 30 30 35 35

    2/17/2011 20 South Wacker Drive Chicago, IL 60606 Ph.: (312) 648-3888 Fax: (312) 930-3187 cmegroup.com Page 15 of 18
    SPAN MINIMUM PERFORMANCE BOND REQUIREMENTS
    CC Rate Type Description Change ISO Current Current New Initial New
    Initial Maintenance Maintenance
    Intra Spreads

    COMEX Silver - Tier 1 vs Tier 3 (COMEX 5000 SILVER FUTURES)


    SI Spec Increase USD 675 500 1,013 750
    SI Hedge/Member Increase USD 500 500 750 750

    COMEX Silver - Tier 1 vs Tier 3 (COMEX 5000 SILVER TRADE AT SETTLE)


    SIT Spec Increase USD 675 500 1,013 750
    SIT Hedge/Member Increase USD 500 500 750 750

    COMEX Silver - Tier 1 vs Tier 3 (COMEX MINY SILVER FUTURES)


    QI Spec Increase USD 338 250 506 375
    QI Hedge/Member Increase USD 250 250 375 375

    COMEX Silver - Tier 1 vs Tier 3 (E-MINI SILVER FUTURES)


    6Q Spec Increase USD 135 100 203 150
    6Q Hedge/Member Increase USD 100 100 150 150

    COMEX Silver - Tier 1 vs Tier 4 (COMEX 5000 SILVER FUTURES)


    SI Spec Increase USD 810 600 1,215 900
    SI Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 1 vs Tier 4 (COMEX 5000 SILVER TRADE AT SETTLE)


    SIT Spec Increase USD 810 600 1,215 900
    SIT Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 1 vs Tier 4 (COMEX MINY SILVER FUTURES)


    QI Spec Increase USD 405 300 608 450
    QI Hedge/Member Increase USD 300 300 450 450

    COMEX Silver - Tier 1 vs Tier 4 (E-MINI SILVER FUTURES)


    6Q Spec Increase USD 162 120 243 180
    6Q Hedge/Member Increase USD 120 120 180 180

    COMEX Silver - Tier 2 vs Tier 3 (COMEX 5000 SILVER FUTURES)


    SI Spec Increase USD 675 500 810 600
    SI Hedge/Member Increase USD 500 500 600 600

    COMEX Silver - Tier 2 vs Tier 3 (COMEX 5000 SILVER TRADE AT SETTLE)


    SIT Spec Increase USD 675 500 810 600
    SIT Hedge/Member Increase USD 500 500 600 600

    COMEX Silver - Tier 2 vs Tier 3 (COMEX MINY SILVER FUTURES)


    QI Spec Increase USD 338 250 405 300
    QI Hedge/Member Increase USD 250 250 300 300

    COMEX Silver - Tier 2 vs Tier 3 (E-MINI SILVER FUTURES)


    6Q Spec Increase USD 135 100 162 120
    6Q Hedge/Member Increase USD 100 100 120 120

    2/17/2011 20 South Wacker Drive Chicago, IL 60606 Ph.: (312) 648-3888 Fax: (312) 930-3187 cmegroup.com Page 16 of 18
    SPAN MINIMUM PERFORMANCE BOND REQUIREMENTS
    CC Rate Type Description Change ISO Current Current New Initial New
    Initial Maintenance Maintenance
    Intra Spreads

    COMEX Silver - Tier 2 vs Tier 4 (COMEX 5000 SILVER FUTURES)


    SI Spec Increase USD 810 600 1,215 900
    SI Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 2 vs Tier 4 (COMEX 5000 SILVER TRADE AT SETTLE)


    SIT Spec Increase USD 810 600 1,215 900
    SIT Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 2 vs Tier 4 (COMEX MINY SILVER FUTURES)


    QI Spec Increase USD 405 300 608 450
    QI Hedge/Member Increase USD 300 300 450 450

    COMEX Silver - Tier 2 vs Tier 4 (E-MINI SILVER FUTURES)


    6Q Spec Increase USD 162 120 243 180
    6Q Hedge/Member Increase USD 120 120 180 180

    COMEX Silver - Tier 3 vs Tier 4 (COMEX 5000 SILVER FUTURES)


    SI Spec Increase USD 810 600 1,215 900
    SI Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 3 vs Tier 4 (COMEX 5000 SILVER TRADE AT SETTLE)


    SIT Spec Increase USD 810 600 1,215 900
    SIT Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 3 vs Tier 4 (COMEX MINY SILVER FUTURES)


    QI Spec Increase USD 405 300 608 450
    QI Hedge/Member Increase USD 300 300 450 450

    COMEX Silver - Tier 3 vs Tier 4 (E-MINI SILVER FUTURES)


    6Q Spec Increase USD 162 120 243 180
    6Q Hedge/Member Increase USD 120 120 180 180

    COMEX Silver - Tier 4 vs Tier 4 (COMEX 5000 SILVER FUTURES)


    SI Spec Increase USD 810 600 1,215 900
    SI Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 4 vs Tier 4 (COMEX 5000 SILVER TRADE AT SETTLE)


    SIT Spec Increase USD 810 600 1,215 900
    SIT Hedge/Member Increase USD 600 600 900 900

    COMEX Silver - Tier 4 vs Tier 4 (COMEX MINY SILVER FUTURES)


    QI Spec Increase USD 405 300 608 450
    QI Hedge/Member Increase USD 300 300 450 450

    COMEX Silver - Tier 4 vs Tier 4 (E-MINI SILVER FUTURES)


    6Q Spec Increase USD 162 120 243 180
    6Q Hedge/Member Increase USD 120 120 180 180

    2/17/2011 20 South Wacker Drive Chicago, IL 60606 Ph.: (312) 648-3888 Fax: (312) 930-3187 cmegroup.com Page 17 of 18
    SPAN MINIMUM PERFORMANCE BOND REQUIREMENTS
    CC Rate Type Description Change ISO Current Current New Initial New
    Initial Maintenance Maintenance
    Intra Spreads

    Platinum - Tier 1 vs Tier 2 (MINY PLATINUM FUTURES NYMEX)


    PQ Spec Increase USD 44 40 88 80
    PQ Hedge/Member Increase USD 40 40 80 80

    Platinum - Tier 1 vs Tier 2 (PLATINUM FUTURES NYMEX)


    PL Spec Increase USD 220 200 440 400
    PL Hedge/Member Increase USD 200 200 400 400

    Platinum - Tier 2 vs Tier 2 (MINY PLATINUM FUTURES NYMEX)


    PQ Spec Increase USD 44 40 88 80
    PQ Hedge/Member Increase USD 40 40 80 80

    Platinum - Tier 2 vs Tier 2 (PLATINUM FUTURES NYMEX)


    PL Spec Increase USD 220 200 440 400
    PL Hedge/Member Increase USD 200 200 400 400

    Rate Type Change Ratio Current Current New Initial New


    Initial Maintenance Maintenance
    Inter-commodity Spread Rates

    AGRICULTURE - Inter-commodity Spread Rates

    CORN (C - CME) vs DRY DISTILLER GRAINS (DDG - CME)

    Spread Credit Rate Decrease +1:-1 50% 50% 0% 0%


    CRUDE PALM OIL (CPO - CME) vs SOYBEAN OIL (07 - CME)

    Spread Credit Rate Decrease +1:-1 65% 65% 45% 45%


    Feeder Cattle (FC) vs. Lean Hogs (LN)

    Spread Credit Rate Decrease +1:-2 55% 55% 40% 40%


    Lean Hogs (LN) vs. Frozen Pork Bellies (PB)

    Spread Credit Rate Decrease +3:-2 55% 55% 40% 40%

    2/17/2011 20 South Wacker Drive Chicago, IL 60606 Ph.: (312) 648-3888 Fax: (312) 930-3187 cmegroup.com Page 18 of 18

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