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Home Wheat Futures & Options Value Line® Futures & Options Contract Specifications Trading Calendars Margins Span Margins |
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Updated November 19, 2008
Effective at Close of Business on November 19, 2008
| Hard Red Winter Wheat | ||
| All Contract Months | Initial* | Maintenance |
| 1. Speculative | $2500 |
2000 |
| 2. Hedge | 2000 |
2000 |
| 3. Omnibus Account | 2000 |
2000 |
| 4. Member - For Own Account | 2000 |
2000 |
| 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% |
* 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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