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The following initial and maintenance margins apply to non-participant speculative accounts held with FCMs. Non-participants holding hedge based positions may apply for a hedge exemption under Rule 4E.08. The minimum margin level under the hedge exemption is the clearinghouse margin.
FCM Customer Minimum Initial & Maintenance Margins
for ICE Futures Canada products
Effective with the close of business on Wednesday, April
21, 2010
|
One Outright Position |
|||||
|
Commodity |
Maintenance Margin |
Initial Margin Mark up |
Non-Participant Initial Margin* |
||
|
Per Contract |
Change |
Per Contract |
Change |
||
|
Canola |
C$ 200 |
0 |
135% |
C$ 270 |
0 |
|
Western Barley |
C$ 100 |
-20 |
135% |
C$ 135 |
-27 |
|
Inter-Crop Year Spread** |
|||||
|
Commodity |
Maintenance Margin |
Initial Margin Mark up |
Non-Participant Initial Margin* |
||
|
Per Contract |
Change |
Per Contract |
Change |
||
|
Canola |
C$ 100 |
-10 |
135% |
C$ 135 |
-14 |
|
Western Barley |
C$ 80 |
0 |
135% |
C$ 108 |
0 |
Maintenance Margins are equal to the clearinghouse margin.
* Posted Initial Margins apply to Non-Participant speculative positions.
Initial Margins for Participants and for Non-Participants who are granted a
hedge exemption are equal to the Maintenance Margin.
** Inter-Crop Year Spread margins include both sides of the spread.
There is no margin on within crop-year spreads. Crop years are August to
July.
