New Margin Requirements
NOTICE
September 19, 2013
New York, NY (September 19, 2013) – Effective with the open of business Monday,
September 23, 2013 and thereafter, the margin requirements are as follows:
Agriculture:
Summary of Content:
Soybean Oil (IBO)
New Maintenance Requirement
750 USD
Margin Changes
For more information
please contact:
William O’Brien
212-748-4031
[email protected]
Media Inquiries:
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Initial Margin
750 USD
Maintenance Margin
750 USD
825 USD
750 USD
Sugar #11 (SB)
New Maintenance Requirement
550 USD
Brookly McLaughlin
312-836-6728
Change
-350 USD
Change
- 200 USD
[email protected]
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Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Initial Margin
550 USD
Maintenance Margin
550 USD
605 USD
550 USD
Sugar #11 Cleared-Only Swap (SBC)
New Maintenance Requirement
Change
550 USD
- 200 USD
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
ICE Futures U.S. Exchange Notice
Initial Margin
550 USD
Maintenance Margin
550 USD
605 USD
550 USD
1
Frozen Orange Juice (OJ)
New Maintenance Requirement
1,500 USD
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Change
+450 USD
Initial Margin
1,500 USD
Maintenance Margin
1,500 USD
1,650 USD
1,500 USD
Index:
Markit CDX Investment Grade WI (WIG)
New Maintenance Requirement
Change
1,000 USD
-650 USD
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Initial Margin
1,000 USD
Maintenance Margin
1,000 USD
1,100 USD
1,000 USD
Currencies:
AUD/NZD (AR)
New Maintenance Requirement
3,200 NZD
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Initial Margin
3,200 NZD
Maintenance Margin
3,200 NZD
3,520 NZD
3,200 NZD
Millions EUR/JPY (IEJ)
New Maintenance Requirement
2,316,000 JPY
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
ICE Futures U.S. Exchange Notice
Change
+ 200 NZD
Change
-356,000 JPY
Initial Margin
2,316,000 JPY
Maintenance Margin
2,316,000 JPY
2,547,600 JPY
2,316,000 JPY
2
accounts
EUR/JPY (KEJ)
New Maintenance Requirement
289,500 JPY
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Initial Margin
289,500 JPY
Maintenance Margin
289,500 JPY
318,450 JPY
289,500 JPY
Millions EUR/CHF (IRZ)
New Maintenance Requirement
10,400 CHF
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Maintenance Margin
10,400 CHF
11,440 CHF
10,400 CHF
ICE Futures U.S. Exchange Notice
Change
-50 CHF
Initial Margin
1,300 CHF
Maintenance Margin
1,300 CHF
1,430 CHF
1,300 CHF
Millions USD/JPY (ISN)
New Maintenance Requirement
2,083,500 JPY
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Change
-400 CHF
Initial Margin
10,400 CHF
EUR/CHF (KRZ)
New Maintenance Requirement
1,300 CHF
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Change
-44,500 JPY
Change
-496,500 JPY
Initial Margin
2,083,500 JPY
Maintenance Margin
2,083,500 JPY
2,291,850 JPY
2,083,500 JPY
3
BRL/USD (KBX)
New Maintenance Requirement
1,900 USD
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Initial Margin
1,900 USD
Maintenance Margin
1,900 USD
2,090 USD
1,900 USD
COL/USD (KCU)
New Maintenance Requirement
550 USD
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Maintenance Margin
550 USD
605 USD
550 USD
ICE Futures U.S. Exchange Notice
Change
+50 USD
Initial Margin
1,200 USD
Maintenance Margin
1,200 USD
1,320 USD
1,200 USD
CHF/JPY (KZY)
New Maintenance Requirement
205,500 JPY
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Change
-300 USD
Initial Margin
550 USD
INR/USD (KIU)
New Maintenance Requirement
1,200 USD
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Change
+100 USD
Change
-5,100 JPY
Initial Margin
205,500 JPY
Maintenance Margin
205,500 JPY
226,050 JPY
205,500 JPY
4
USD/HUF (VU)
New Maintenance Requirement
436,000 HUF
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Change
-129,000 HUF
Initial Margin
436,000 HUF
Maintenance Margin
436,000 HUF
479,600 HUF
436,000 HUF
EUR/ZAR (YZ)
New Maintenance Requirement
32,500 ZAR
Customer Type
Member,
Customer
Omnibus &
Hedge Accounts
All other
customer
accounts
Change
-4,000 ZAR
Initial Margin
32,500 ZAR
Maintenance Margin
32,500 ZAR
35,750 ZAR
32,500 ZAR
Calendar Spread Margin:
Cotton
CT
T2
T3
T4
T5
T6
T7
T8
T9
T10
T11
T12
T13
T1
350
350
550
600
850
1150
1250
1900
1250
1800
1800
1800
250
450
500
750
1100
1700
1800
1700
1700
1650
1650
400
450
750
1100
1700
1800
1700
1700
1650
1650
300
550
1050
1150
1200
1150
1150
1150
1150
550
1050
1150
1200
1150
1150
1150
1150
550
650
750
800
750
800
800
400
650
550
650
550
550
550
250
350
350
350
300
250
250
300
200
150
350
100
150
T2
T3
T4
T5
T6
T7
T8
T9
T10
T11
150
T12
T13+ vs. Any Tier: 1300
ICE Futures U.S. Exchange Notice
5
FCOJ
OJ
T2
T3
T4
T5
T6
T7
T8
T9
T10
T11
T12
T13
T1
150
150
150
250
300
300
300
300
300
300
300
300
150
150
250
250
300
300
300
300
300
300
300
100
150
200
200
250
250
250
250
250
250
150
150
200
200
200
200
200
200
200
100
200
200
150
150
150
150
150
150
150
150
150
150
150
150
150
100
100
100
100
100
100
100
100
100
100
50
50
50
50
50
50
50
50
50
T2
T3
T4
T5
T6
T7
T8
T9
T10
T11
50
T12
T13+ vs. Any Tier: 300
Corn
ICN
T2
T3
T4
T5
T6
T7
T8
T9
T10
T11
T12
T13
T1
500
500
500
500
500
500
550
850
850
850
850
850
400
300
350
350
350
400
450
650
700
700
700
100
100
100
150
250
500
350
550
550
550
50
100
100
250
500
450
500
500
500
50
100
250
350
400
400
400
450
100
250
300
400
350
400
400
200
300
350
350
350
400
150
150
200
200
350
100
100
200
200
100
200
200
200
200
T2
T3
T4
T5
T6
T7
T8
T9
T10
T11
150
T12
T 13+ vs. T13+:650
ICE Futures U.S. Exchange Notice
6
Butterfly Spread Margin:
Commodity
Cotton(CT)
Corn (ICN)
T123
400
500
T234
500
300
T345
450
100
T456
550
50
T567
250
100
T678
500
200
T789
550
200
T8910
850
150
T91011
450
100
T101112
250
200
T111213
150
800
A complete grid of margin rates for all ICE Futures U.S. Agricultural and Financial Products is
available on our web page @ www.theice.com
ICE Futures U.S. Exchange Notice
7