As of the close of business on Friday, November 17, margins on the November and December 2000 contracts will be increased to $25,000 from $15,000 for clearing members; to $27,500 from $16,500 for members; and to $33,750 from $20,250 for customers. Spread margin rates will also be increased on spreads involving the November and December 2000 contracts to $10,250 from $250 for clearing members; to $11,275 from $275 for members; and to $13,838 from $338 for customers.
As of the close of business on Wednesday, November 22, margins will be raised to $35,000 for clearing members; to $38,500 for members; and to $47,250 for customers. Margin rates on spreads involving the November and December 2000 contracts will be increased to $20,250 for clearing members; to $22,275 for members; and to $27,338 for customers.
As of the close of business on Wednesday, November 29, margins will be raised to $45,000 for clearing members; to $49,500 for members; and to $60,750 for customers. Margin rates on spreads involving the November and December 2000 contracts will be increased to $30,250 for clearing members; to $33,275 for members; and to $40,838 for customers.
