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Home Wheat Futures & Options Value Line® Arithmetic Index Contract Specifications Trading Calendars Margins Span Margins |
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Updated April 24, 2012
Effective business date April 24, 2012
| Hard Red Winter Wheat | ||
| 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*/** | 200 |
200 |
| KCBT Floor Trader Spread*** | MKT |
MKT |
| 6. Old Crop/New Crop Spread* | 600 |
600 |
| KCBT Floor Trader Spread*** | MKT |
MKT |
| 7. Inter-Market Spread Credit (KCBT Side)* | ||
| vs. CBOT Wheat | 80% |
80% |
| vs. MGE Wheat | 60% |
60% |
| vs. KCBT Wheat Calendar Swaps | 90% |
90% |
| Wheat Calendar Swaps | ||
| 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*/** | 200 |
200 |
| 6. Old Crop/New Crop Spread* | 600 |
600 |
| 7. Inter-Market Spread Credit * | ||
| vs. KCBT Wheat Futures | 90% |
90% |
* For Speculative Accounts, Initial to Maintenance ratio is 1.25:1
** Crop year is defined as July to May
*** Floor trader spread margin rate is "Marked To Market" (MKT)
Questions regarding exchange minimum margins should be directed to the KCBT Compliance Department at 816.753.7500. Questions pertaining to clearing margins should be directed to the KCBT Clearing Corporation at 816.931.8964.
Accepted types of collateral for a clearing member
to meet margin requirements can be found at: Accepted Collateral Types for Margin Deposit.
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