Please be advised that the following margin levels would be applicable with effect from 9 June 2004: -
RSS 1, RSS 3 and TSR 20 (FOB) Contracts | S$/tonne | |
Outright | Spread | |
Initial Margin | 55 | 40 |
Maintenance Margin | 40 | 30 |
Brokers may charge margins in S$ as given above or the US$ equivalent.