Margin Requirements

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
3,500
17,500
17,500
4,063
2,000
5,000
16,000
3,200
15,000
3,000
2,800
14,000
14,000
3,250
2,000
4,000
63
13
63
13
313
125
375
63
460
-
50
10
50
10
250
100
300
50
350
-
Margins are subject to change without notice.

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
2,160
1,620
945
1,013
945
405
6,750
1,600
1,200
700
750
700
300
5,000
-
-
-
-
135
405
4,050
-
-
-
-
100
300
3,000
Margins are subject to change without notice.

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
2,295
1,350
1,729
2,498
3,105
1,875
2,228
1,750
1,700
1,000
1,300
1,850
2,300
1,500
1,650
34
68
34
200
68
34
250
34
25
50
25
150
50
25
200
25
Margins are subject to change without notice.

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
844
1,182
473
3,105
725
650
945
2,430
1,148
625
875
350
2,300
600
500
700
1,800
850
**237
**540
**338
**1,215
100
-
135
**1,013
**338
**175
**400
**250
**825
100
-
100
**750
**250
Margins are subject to change without notice.
* Margins involving the spot month may be significantly higher.
** Margins are for interyear 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
810
1,620
1,485
3,150
800
600
1,200
1,100
2,100
1,080
945
**743
945
525
800
700
**550
700
350
Margins are subject to change without notice.
* Margins involving the spot month may be significantly higher.

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
540
3,375
608
2,700
2,700
2,700
1,500
400
2,500
450
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.

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
3,375
4,725
3,375
2,625
5,400
2,500
3,500
2,500
1,750
4,000
338
405
338
750
1,250
250
300
250
500
1,000
Margins are subject to change without notice.
* Margins involving the spot month may be significantly higher.

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
1,190
560
2,240
560
1,200
850
400
1,600
400
280
280
210
1,540
350
200
200
150
1,100
250
Margins are subject to change without notice.
* Margins involving the spot month may be significantly higher.
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