Updated August 14, 2008
Effective at Close of Business on August 14, 2008
Hard Red Winter Wheat |
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|
All Contract Months
|
Initial* |
Maintenance |
1. Speculative |
$3125 |
2500 |
2. Hedge |
2500 |
2500 |
3. Omnibus Account |
2500 |
2500 |
4. Member - For Own Account |
2500 |
2500 |
5. Intra-Crop Year Spread Credit |
90% |
90% |
KCBT Floor Trader Spread Credit |
100% |
100% |
6. Old Crop/New Crop Spread Credit |
50% |
50% |
KCBT Floor Trader Spread Credit |
100% |
100% |
7. Inter-Market Spread Credit (KCBT Side) |
|
|
vs. CBOT Wheat |
80% |
80% |
vs. MGE Wheat |
80% |
80% |
vs. 8 WCE Wheat |
40% |
40% |
Value Line® Stock Index |
Initial* |
Maintenance |
1. Speculative |
$1000 |
$ 800 |
2. Hedge |
800 |
800 |
3. Omnibus Account |
800 |
800 |
4. Member - For Own Account |
800 |
800 |
5. Intra-Market Spread Credit |
87.5% |
87.5% |
6. Inter-Market Spread Credit (KCBT Side) |
|
|
1 VL vs. 1 DJIA ($5) futures |
87.5% |
87.5% |
2 VL vs. 1 DJIA ($10) futures |
87.5% |
87.5% |
1 VL vs. 1 E-mini S&P 500 |
87.5% |
87.5% |
2 VL vs. 1 E-mini S&P 500 |
87.5% |
87.5% |
1 VL vs. 1 E-mini S&P 400 MidCap |
87.5% |
87.5% |
2 VL vs. 1 E-mini S&P 400 MidCap |
87.5% |
87.5% |
3 VL vs. 2 E-mini S&P 400 MidCap |
87.5% |
87.5% |
1 VL vs. 1 Russell 2000** |
87.5% |
87.5% |
2 VL vs. 1 Russell 2000** |
87.5% |
87.5% |
3 VL vs. 2 Russell 2000** |
87.5% |
87.5% |
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* Initial to Maintenance ratio is 1.25:1
** Applies to any Russell 2000 contract traded with a multiplier of 100
The following types of collateral may be deposited by a clearing member
to meet margin requirements:
- Cash
- U.S. Treasury Securities (of less than one year to maturity and held
in safekeeping at an approved Kansas City bank)
- Irrevocable Letter of Credit (issued on an approved bank)
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Value Line® is a registered mark of Value Line, Inc., a New York corporation
that provides financial services and publications. Since 1982, the Kansas City
Board of Trade has been licensed to use the Value Line® mark in connection with
its efforts to establish futures markets tied to the Value Line® index. The
Kansas City Board of Trade and Value Line, Inc. are not affiliated corporate
entities.
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