 |
 |
| Products
Home Wheat Futures & Options Wheat Calendar Swaps Value Line® Futures & Options Contract Specifications Trading Calendars Margins Span Margins |
 |
|
|
Updated June 22, 2010
Effective at Close of Business, June 23, 2010
| Hard Red Winter Wheat | ||
| All Contract Months | Initial* | Maintenance |
| 1. Speculative | $1875 |
1500 |
| 2. Hedge | 1500 |
1500 |
| 3. Omnibus Account | 1500 |
1500 |
| 4. Member - For Own Account | 1500 |
1500 |
| 5. Intra-Crop Year Spread Credit | 200 |
200 |
| KCBT Floor Trader Spread Credit | 0 |
0 |
| 6. Old Crop/New Crop Spread Credit | 400 |
400 |
| KCBT Floor Trader Spread Credit | 0 |
0 |
| 7. Inter-Market Spread Credit (KCBT Side) | ||
| vs. CBOT Wheat | 80% |
80% |
| vs. MGE Wheat | 80% |
80% |
| vs. 8 WCE Wheat | 40% |
40% |
| Wheat Calendar Swaps | ||
| All Contract Months | Initial* | Maintenance |
| 1. Speculative | $1875 |
1500 |
| 2. Hedge | 1500 |
1500 |
| 3. Omnibus Account | 1500 |
1500 |
| 4. Member - For Own Account | 1500 |
1500 |
| 5. Intra-Crop Year Spread** | 200 |
200 |
| 6. Old Crop/New Crop Spread | 400 |
400 |
| 7. Inter-Market Spread Credit | ||
| vs. KCBT Wheat Futures | 90% |
90% |
| 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% |
* Initial to Maintenance ratio is 1.25:1
** Crop year is defined as July to May
*** 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)
[ Back to Top ]
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.
 |
|
| |
© Copyright
Kansas City Board of Trade. The Kansas City
Board of Trade disclaims liability for errors or omissions in information
on this Web site. The KCBT makes no commitment to update the information
contained on the site and disclaims all liability for the use or interpretation
by others of information contained in the site. Decisions based on information
contained in the site are the sole responsibility of the visitor, and
in exchange for using the site, the visitor agrees to hold the KCBT, its
officers, its members and its affiliates harmless against any claims for
damages arising from any decisions that the visitor makes based upon such
information. Nothing contained in the KCBT site constitutes investment
advice.