Margin Requirements

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
 
405
675
405
1,823
725
650
945
1,080
878
 
300
500
300
1,350
600
500
700
800
650
 
**135
**237
**203
**203
100
-
203
**338
**405
 
**100
**175
**150
**150
100
-
150
**250
**300
 
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
 
1,080
878
1,620
1,823
3,150
 
800
650
1,200
1,350
2,100
 
1,215
945
**743
608
525
 
900
700
**550
450
350
 
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
405
2,700
405
2,700
2,700
2,700
 
1,500
300
2,000
300
2,000
2,000
2,000
 
68
-
108
-
108
405
405
 
50
-
80
-
80
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
 
4,725
4,725
5,400
2,625
10,125
 
3,500
3,500
4,000
1,750
7,500
 
540
675
338
1,050
1,350
 
400
500
250
700
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
 
1,960
1,190
700
2,380
1,260
 
1,400
850
500
1,700
900
 
280
280
210
1,700
210
 
200
200
150
1,700
150
 
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
 
2,363
1,890
1,350
1,729
2,700
2,430
1,875
1,958
 
1,750
1,400
1,000
1,300
2,000
1,800
1,500
1,450
 
34
68
34
200
68
34
250
34
 
25
50
25
150
50
25
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
 
1,755
1,215
810
1,215
945
405
6,750
 
1,300
900
600
900
700
300
5,000
 
-
-
-
-
135
405
4,050
 
-
-
-
-
100
300
3,000
 
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 100
NASDAQ Composite
Mid Cap 400
Russell 2000
Nikkei Index
CRB Index
Dow Jones Index
 
CME
CME
CME
CME
CME
CME
CME
CME
NYBOT
CBOT
 
20,000
4,000
18,750
3,750
4,500
17,500
17,500
4,063
2,000
5,000
 
16,000
3,200
15,000
3,000
3,600
14,000
14,000
3,250
2,000
4,000
 
63
13
125
25
313
313
375
63
460
-
 
50
10
100
20
250
250
300
50
350
-
 
Margins are subject to change without notice.
 

 

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