NOTICE
New Margin Requirem ents
July 14, 2011
New York, NY ( July 14, 2011 ) – Effective with the opening of business
Friday, July 15, 2011, and thereafter, the margin requirements are as
follows:
COCOA (CC)
Summary of Content:
Margin Changes
Initial
Spec (Per Contract) 1,750 USD (+70)
Hedge (Per Contract) 1,250 USD (+50)
[email protected]
Initial
https://www.theice.com
/subscribe.jhtml
1,250 USD (+50)
1,250 USD (+50)
COCOA (CC)
Tier 1 = Months 1-4
Tier 2 = Months 5 -
Lee Underwood
770-857-0342
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Exchange Notices
automatically, please
go to our Subscriptions
page at:
Maintenance
Spec (Per Contract) 1,750 USD (+70)
Hedge (Per Contract) 1,250 USD (+50)
Media Inquiries:
[email protected]
1,250 USD (+50)
1,250 USD (+50)
CLEARED-ONLY COCOA SWAP (CCC)
For more information
please contact:
William O’Brien
212-748-4031
Maintenance
Initial
Maintenance
Tier 1-Tier 2 Spec-Straddle 280 USD (-560)
Hedge-Straddle 200 USD (-400)
200 USD (-400)
200 USD (-400)
Tier 2 -Tier 2 Spec-Straddle 70 USD (-280)
Hedge-Straddle
50 USD (-200)
50 USD (-200)
50 USD (-200)
CLEARED-ONLY COCOA SWAP (CCC)
Tier 1 = Months 1-4
Tier 2 = Months 5 Initial
Maintenance
Tier 1-Tier 2 Spec-Straddle 280 USD (-560)
Hedge-Straddle 200 USD (-400)
200 USD (-400)
200 USD (-400)
Tier 2 -Tier 2 Spec-Straddle 70 USD (-280)
Hedge-Straddle
50 USD (-200)
50 USD (-200)
50 USD (-200)
ICE Futures U.S. Exchange Notice
1
COFFEE (KC)
Tier 1 = Months 1-4
Tier 2 = Months 5 - 10
Tier 3 = Months 11
Initial
Maintenance
Tier 1-Tier 3 Spec-Straddle 2,380 USD (+840)
Hedge-Straddle
1,700 USD (+600)
Tier 2-Tier 2 Spec-Straddle
Hedge-Straddle
560 USD (-350)
400 USD (-250)
Tier 2-Tier 3 Spec-Straddle 2,100 USD (+560)
Hedge-Straddle
1,500 USD (+400)
Tier 3-Tier 3 Spec-Straddle
Hedge-Straddle
70 USD (-980)
50 USD (-700)
1,700 USD (+600)
1,700 USD (+600)
400 USD (-250)
400 USD (-250)
1,500 USD (+400)
1,500 USD (+400)
50 USD (-700)
50 USD (-700)
CLEARED-ONLY COFFEE SWAP (KCC)
Tier 1 = Months 1-4
Tier 2 = Months 5 - 10
Tier 3 = Months 11
Initial
Maintenance
Tier 1-Tier 3 Spec-Straddle 2,380 USD (+840)
Hedge-Straddle
1,700 USD (+600)
Tier 2-Tier 2 Spec-Straddle
Hedge-Straddle
560 USD (-350)
400 USD (-250)
Tier 2-Tier 3 Spec-Straddle 2,100 USD (+560)
Hedge-Straddle
1,500 USD (+400)
Tier 3-Tier 3 Spec-Straddle
Hedge-Straddle
70 USD (-980)
50 USD (-700)
1,700 USD (+600)
1,700 USD (+600)
400 USD (-250)
400 USD (-250)
1,500 USD (+400)
1,500 USD (+400)
50 USD (-700)
50 USD (-700)
SUGAR #11 (SB)
Initial
Spec-Straddle
Hedge-Straddle
2,030 USD (+700)
1,450 USD (+500)
Maintenance
1,450 USD (+500)
1,450 USD (+500)
CLEARED-ONLY SUGAR #11 SWAP (SBC)
Spec-Straddle
Hedge-Straddle
ICE Futures U.S. Exchange Notice
Initial
Maintenance
2,030 USD (+700)
1,450 USD (+500)
1,450 USD (+500)
1,450 USD (+500)
2
SUGAR #16 (SF)
Initial
Spec (Per Contract)
Hedge (Per Contract)
Spec-Straddle
Hedge-Straddle
Maintenance
3,500 USD (+560)
2,500 USD (+400)
3,500 USD (+560)
2,500 USD (+400)
2,500 USD (+400)
2,500 USD (+400)
2,500 USD (+400)
2,500 USD (+400)
FCOJ – A (OJ)
Initial
Spec-Straddle
Hedge-Straddle
910 USD (+70)
650 USD (+50)
Maintenance
650 USD (+50)
650 USD (+50)
CONTINUOUS COMMODITY INDEX (CI)
Initial
Spec (Per Contract)
Hedge (Per Contract)
7,950 USD (+100)
7,950 USD (+100)
Maintenance
7,950 USD (+100)
7,950 USD (+100)
REUTER/JEFFERIES CRB INDEX (CR)
Initial
Spec (Per Contract)
Hedge (Per Contract)
500 USD (-500)
500 USD (-500)
Maintenance
500 USD (-500)
500 USD (-500)
U.S. DOLLAR INDEX (DX)
Spec (Per Contract)
Hedge (Per Contract)
Spec-Straddle
Hedge-Straddle
Initial
Maintenance
1,463 USD (-798)
1,100 USD (-600)
133 USD (-665)
100 USD (-500)
1,100 USD (-600)
1,100 USD (-600)
100 USD (-500)
100 USD (-500)
RUSSELL 1,000® INDEX MINI (RF)
Initial
Spec-Straddle
Hedge-Straddle
50 USD (-50)
50 USD (-50)
Maintenance
50 USD (-50)
50 USD (-50)
RUSSELL 2000® MINI INDEX (TF)
Initial
Spec-Straddle
Hedge-Straddle
ICE Futures U.S. Exchange Notice
50 USD (-50)
50 USD (-50)
Maintenance
50 USD (-50)
50 USD (-50)
3
AUSTRALIAN DOLLAR/NEW ZEALAND DOLLAR (AR)
Initial
Spec-Straddle 665 NZD (-1,330)
Hedge-Straddle 550 NZD (-950)
Maintenance
550 NZD (-950)
550 NZD (-950)
AUSTRALIAN DOLLAR/CANADIAN DOLLAR (AS)
Initial
Spec-Straddle 599 CAD (-532)
Hedge-Straddle 450 CAD (-400)
Maintenance
450 CAD (-400)
450 CAD (-400)
AUSTRALIAN DOLLAR/U.S. DOLLAR (AU)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
532 USD (-532)
400 USD (-400)
400 USD (-400)
400 USD (-400)
MILLION AUSTRALIAN DOLLAR – U.S. DOLLAR (IAU)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
2,660 USD (-2,660)
2,000 USD (-2,000)
2,000 USD (-2,000)
2,000 USD (-2,000)
AUSTRALIAN DOLLAR/U.S. DOLLAR (KAU)
Initial
Spec Straddle
Hedge Straddle
266 USD (-266)
200 USD (-200)
Maintenance
200 USD (-200)
200 USD (-200)
EURO/JAPANESE YEN (EJ)
Initial
Spec Straddle 12,662 JY (-45,792)
Hedge Straddle 9,520 JY(-34,430)
Maintenance
9,520 JY (-34,430)
9,520 JY (-34,430)
MILLION EURO – JAPANESE YEN (IEJ)
Initial
Spec Straddle 126,616 JY (-457,919)
Hedge Straddle 95,200 JY(-344,304)
Maintenance
95,200 JY (-344,304)
95,200 JY (-344,304)
EURO/JAPANESE YEN (KEJ)
Initial
Spec Straddle 15,827 JY (-57,241)
Hedge Straddle 11,900 JY(-43,038)
ICE Futures U.S. Exchange Notice
Maintenance
11,900 JY (-43,038)
11,900 JY (-43,038)
4
EURO/U.S. DOLLAR (EO)
Spec-Straddle
Hedge-Straddle
Initial
213 USD (-638)
160 USD (-480)
Maintenance
160 USD (-480)
160 USD (-480)
MILLION EURO – U.S. DOLLAR (IEO)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
2,128 USD (-6,384)
1,600 USD (-4,800)
1,600 USD (-4,800)
1,600 USD (-4,800)
EURO/U.S. DOLLAR (KEO)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
266 USD (-798)
200 USD (-600)
200 USD (-600)
200 USD (-600)
EURO/CANADIAN DOLLAR (EP)
Initial
Maintenance
Spec-Straddle 213 CAD (-691)
Hedge-Straddle 160 CAD (-520)
160 CAD (-520)
160 CAD (-520)
MILLION EURO – CANADIAN DOLLAR (IEP)
Initial
Maintenance
Spec-Straddle 2,128 CAD (-6,916) 1,600 CAD (-5,200)
Hedge-Straddle 1,600 CAD (-5,200) 1,600 CAD (-5,200)
EURO/CANADIAN DOLLAR (KEP)
Spec-Straddle
Hedge-Straddle
Initial
Maintenance
266 CAD (-865)
200 CAD (-650)
200 CAD (-650)
200 CAD (-650)
EURO/CZECH KORUNA (EZ)
Initial
Spec-Straddle 6,052 CK (-9,842)
Hedge-Straddle 4,550 CK (-7,400)
Maintenance
4,550 CK (-7,400)
4,550 CK (-7,400)
EURO/BRITISH POUND (GB)
Initial
Spec-Straddle
Hedge-Straddle
ICE Futures U.S. Exchange Notice
160 BP (-266)
120 BP (-200)
Maintenance
120 BP (-200)
120 BP (-200)
5
MILLION EURO – BRITISH POUND (IGB)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
1,596 BP (-2,660)
1,200 BP (-2,000)
1,200 BP (-2,000)
1,200 BP (-2,000)
EURO/BRITISH POUND (KGB)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
200 BP (-332)
150 BP (-250)
150 BP (-250)
150 BP (-250)
STERLING/NEW ZEALAND DOLLAR (GN)
Initial
Maintenance
Spec (Per Contract) 5,586 NZD (-2,461)
Hedge (Per Contract) 4,200 NZD (-1,850)
Spec-Straddle
599 NZD (-1,130)
Hedge-Straddle
450 NZD (-850)
4,200 NZD (-1,850)
4,200 NZD (-1,850)
450 NZD (-850)
450 NZD (-850)
EURO/HUNGARIAN FORINT (HR)
Initial
Maintenance
Spec-Straddle 131,005 HF (-252,634)
Hedge-Straddle 98,500 HF (-189,950)
98,500 HF (-189,950)
98,500 HF (-189,950)
CANADIAN DOLLAR/JAPANESE YEN (HY)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
14,364 JPY (-64,106)
10,800 JPY (-48,200)
10,800 JPY (-48,200)
10,800 JPY (-48,200)
SWEDISH KRONA/JAPANESE YEN (KJ)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
28,595 JY (-82,261)
21,500 JY (-61,850)
21,500 JY (-61,850)
21,500 JY (-61,850)
U.S. DOLLAR/SWEDISH KRONA (KX)
Initial
Spec-Straddle
Hedge-Straddle
931 SEK (-2,660)
700 SEK (-2,000)
Maintenance
700 SEK (-2,000)
700 SEK (-2,000)
MILLION U.S. DOLLAR – SWEDISH KRONA (IKX)
Initial
Spec-Straddle
Hedge-Straddle
ICE Futures U.S. Exchange Notice
9,310 SEK (-26,600)
7,000 SEK (-20,000)
Maintenance
7,000 SEK (-20,000)
7,000 SEK (-20,000)
6
NORWAY KRONE/JAPANESE YEN (KY)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
44,422 JY (-48,146)
33,400 JY (-36,200)
33,400 JY (-36,200)
33,400 JY (-36,200)
U.S. DOLLAR/SWISS FRANC (MF)
Initial
Spec-Straddle 266 SF (-333)
Hedge-Straddle 200 SF (-250)
Maintenance
200 SF (-250)
200 SF (-250)
MILLION U.S. DOLLAR – SWISS FRANC (IMF)
Initial
Maintenance
Spec-Straddle 2,660 SF (-3,325)
Hedge-Straddle 2,000 SF (-2,500)
2,000 SF (-2,500)
2,000 SF (-2,500)
U.S. DOLLAR/BRITISH POUND (MP)
Spec-Straddle
Hedge-Straddle
Initial
Maintenance
266 USD (-333)
200 USD (-250)
200 USD (-250)
200 USD (-250)
MILLION BRITISH POUND – U.S. DOLLAR (IMP)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
2,660 USD (-6,916)
2,000 USD (-5,200)
2,000 USD (-5,200)
2,000 USD (-5,200)
NORWEGIAN KRONE/SWEDISH KRONA (NJ)
Initial
Spec (Per Contract)
Hedge (Per Contract)
Spec-Straddle
Hedge-Straddle
Maintenance
8,978 SEK (+1,729)
6,750 SEK (+1,300)
1,197 SEK (-1,264)
900 SEK (-950)
6,750 SEK (+1,300)
6,750 SEK (+1,300)
900 SEK (-950)
900 SEK (-950)
U.S. DOLLAR/NORWEGIAN KRONE (NT)
Spec-Straddle
Hedge-Straddle
Initial
Maintenance
1,264 NOK (-1,862)
950 NOK (-1,400)
950 NOK (-1,400)
950 NOK (-1,400)
EURO/NORWEGIAN KRONE (KOL)
Initial
Spec-Straddle
Hedge-Straddle
ICE Futures U.S. Exchange Notice
2,062 NK (-2,327)
1,550 NK (-1,750)
Maintenance
1,550 NK (-1,750)
1,550 NK (-1,750)
7
STERLING/CANADA DOLLAR (PC)
Spec-Straddle
Hedge-Straddle
Initial
Maintenance
399 CAD (-599)
300 CAD (-450)
300 CAD (-450)
300 CAD (-450)
STERLING/NORWAY KRONE (PK)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
1,264 NOK (-2,859)
950 NOK (-2,150)
950 NOK (-2,150)
950 NOK (-2,150)
STERLING/SWEDISH KRONA (PS)
Initial
Maintenance
Spec-Straddle 2,926 SEK (-2,993)
Hedge-Straddle 2,200 SEK (-2,250)
2,200 SEK (-2,250)
2,200 SEK (-2,250)
STERLING/SOUTH AFRICIAN RAND (PZ)
Initial
Spec-Straddle
Hedge-Straddle
Maintenance
2,594 SAR (-3,125)
1,950 SAR (-2,350)
1,950 SAR (-2,350)
1,950 SAR (-2,350)
STERLING/AUSTRALIAN DOLLAR (QA)
Initial
Maintenance
Spec (Per Contract) 3,192 AUD (+199)
Hedge (Per Contract) 2,400 AUD (+150)
Spec-Straddle
333 AUD (-731)
Hedge-Straddle
250 AUD (-550)
2,400 AUD (+150)
2,400 AUD (+150)
250 AUD (-550)
250 AUD (-550)
EURO/AUSTRALIAN DOLLAR (KRA)
Initial
Spec-Straddle 466 AUD (-399)
Hedge-Straddle 350 AUD (-300)
Maintenance
350 AUD (-300)
350 AUD (-300)
EURO/SWEDISH KRONA (RK)
Initial
Spec (Per Contract) 11,278 SEK (+532)
Hedge (Per Contract) 8,480 SEK (+400)
Spec-Straddle
1,596 SEK (-2,128)
Hedge-Straddle
1,200 SEK (-1,600)
ICE Futures U.S. Exchange Notice
Maintenance
8,480 SEK (+400)
8,480 SEK (+400)
1,200 SEK (-1,600)
1,200 SEK (-1,600)
8
MILLION EURO – SWEDISH KRONA (IRK)
Initial
Maintenance
Spec (Per Contract) 112,784 SEK (+5,320)
Hedge (Per Contract) 84,800 SEK (+4,000)
Spec-Straddle
15,960 SEK (-21,280)
Hedge-Straddle
12,000 SEK (-16,000)
84,800 SEK (+4,000)
84,800 SEK (+4,000)
12,000 SEK (-16,000)
12,000 SEK (-16,000)
EURO/SWEDISH KRONA (KRK)
Initial
Maintenance
Spec (Per Contract) 14,098 SEK (+665) 10,600 SEK (+500)
Hedge (Per Contract) 10,600 SEK (+500) 10,600 SEK (+500)
Spec-Straddle
1,995 SEK (-2,660) 1,500 SEK (-2,000)
Hedge-Straddle
1,500 SEK (-2,000) 1,500 SEK (-2,000)
EURO/SWISS FRANC (RZ)
Initial
Spec (Per Contract) 3,298 SF (+704)
Hedge (Per Contract) 2,480 SF (+530)
Spec-Straddle
266 SF (-466)
Hedge-Straddle
200 SF (-350)
Maintenance
2,480 SF (+530)
2,480 SF(+530)
200 SF (-350)
200 SF (-350)
MILLION EURO – SWISS FRANC (IRZ)
Initial
Spec (Per Contract) 32,984 SF (+7,049)
Hedge (Per Contract) 24,800 SF (+5,296)
Spec-Straddle
2,660 SF (-4,655)
Hedge-Straddle
2,000 SF (-3,504)
Maintenance
24,800 SF (+5,296)
24,800 SF (+5,296)
2,000 SF (-3,504)
2,000 SF (-3,504)
EURO/SWISS FRANC (KRZ)
Initial
Spec (Per Contract) 4,123 SF (+880)
Hedge (Per Contract) 3,100 SF (+662)
Spec-Straddle
333 SF (-582)
Hedge-Straddle
250 SF(-438)
Maintenance
3,100 SF (+662)
3,100 SF (+662)
250 SF (-438)
250 SF (-438)
U.S. DOLLAR/JAPANESE YEN (SN)
Initial
Spec (Per Contract)
Hedge (Per Contract)
Spec-Straddle
Hedge-Straddle
ICE Futures U.S. Exchange Notice
108,794 JY (-50,407)
81,800 JY (-37,900)
11,704 JY (-32,319)
8,800 JY(-24,300)
Maintenance
81,800 JY (-37,900)
81,800 JY (-37,900)
8,800 JY (-24,300)
8,800 JY (-24,300)
9
MILLION U.S. DOLLAR – JAPANESE YEN (ISN)
Initial
Maintenance
Spec (Per Contract) 1,087,940 JY (-504,070) 818,000 JY (-379,000)
Hedge (Per Contract) 818,000 JY (-379,000) 818,000 JY (-379,000)
Spec-Straddle
117,040 JY (-323,190) 88,000 JY (-243,000)
Hedge-Straddle
88,000 JY(-243,000)
88,000 JY (-243,000)
BRITISH POUND/SWISS FRANC (SS)
Initial
Maintenance
Spec-Straddle 532 SF (-732)
Hedge-Straddle 400 SF (-550)
400 SF (-550)
400 SF (-550)
U.S. DOLLAR/CANADIAN DOLLAR (SV)
Spec-Straddle
Hedge-Straddle
Initial
Maintenance
266 CAD (-599)
200 CAD (-450)
200 CAD (-450)
200 CAD (-450)
MILLION U.S. DOLLAR – CANADIAN DOLLAR (ISV)
Initial
Spec-Straddle
Hedge-Straddle
2,660 CAD (-5,985)
2,000 CAD (-4,500)
Maintenance
2,000 CAD (-4,500)
2,000 CAD (-4,500)
BRITISH POUND/JAPANESE YEN (SY)
Initial
Maintenance
Spec (Per Contract) 297,388 JY (-134,995) 223,600 JY (-101,500)
Hedge (Per Contract) 223,600 JY (-101,500) 223,600 JY (-101,500)
Spec-Straddle
27,930 JY (-64,638)
21,000 JY (-48,600)
Hedge-Straddle
21,000 JY(-48,600)
21,000 JY (-48,600)
U.S. DOLLAR/CZECH KORUNA (VC)
Initial
Spec-Straddle
Hedge-Straddle
4,057 CK (-7,115)
3,050 CK (-5,350)
Maintenance
3,050 CK (-5,350)
3,050 CK (-5,350)
U.S. DOLLAR/HUNGARIAN FORINT (VU)
Initial
Maintenance
Spec (Per Contract) 686,613 HF (+10,906) 516,250 HF (+8,200)
Hedge (Per Contract) 516,250 HF(-8,200)
516,250 HF (+8,200)
Spec-Straddle
89,310 HF (-171,836) 67,150 HF (-129,200)
Hedge-Straddle
67,150 HF (-129,200) 67,150 HF (-129,200)
ICE Futures U.S. Exchange Notice
10
AUSTRALIAN DOLLAR/JAPANESE YEN (YA)
Initial
Spec-Straddle
Hedge-Straddle
44,223 JY (-40,897)
33,250 JY (-30,750)
Maintenance
33,250 JY (-30,750)
33,250 JY (-30,750)
EURO/SOUTH AFRICAN RAND (YZ)
Initial
Spec-Straddle
Hedge-Straddle
998 SAR (--3,325)
750 SAR (-2,500)
Maintenance
750 SAR (-2,500)
750 SAR (-2,500)
NEW ZEALAND DOLLAR/JAPANESE YEN (ZJ)
Initial
Spec-Straddle 20,549 JY (-88,179)
Hedge-Straddle 15,450 JY (-66,300)
Maintenance
15,450 JY (-66,300)
15,450 JY (-66,300)
U.S. DOLLAR/SOUTH AFRICAN RAND (ZR)
Initial
Spec-Straddle
Hedge-Straddle
1,064 SAR (--2,594)
800 SAR (-1,950)
Maintenance
800 SAR (-1,950)
800 SAR (-1,950)
NEW ZEALAND DOLLAR/U.S. DOLLAR (ZX)
Initial
Spec-Straddle
Hedge-Straddle
399 USD (-865)
300 USD (-650)
Maintenance
300 USD (-650)
300 USD (-650)
SWISS FRANC/JAPANESE YEN (KZY)
Initial
Spec-Straddle
Hedge-Straddle
51,538 JY (-44,488)
38,750 JY (-33,450)
Maintenance
38,750 JY (-33,450)
38,750 JY (-33,450)
A complete grid of margin rates for all ICE Futures U.S. products is
available on our web page @ www.theice.com
ICE Futures U.S. Exchange Notice
11