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  • SMXCC Circular Margin Revised 29jun2011

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    Minimum Initial Margin and Spread Benefit (revised) SMXCC / 009 / 2011 June 29, 2011. Minimum Initial Margin in percentage terms for all contracts under each underlying is given below: Serial Number 1 2 3 4 5 6 7 8 9 1 underlying SMGOLD SMEURUSD SMWTI SMBRE SMGOLDCH SMCOPPERCH SMSILVERCH SMAUDUSD SMUSDJPY.

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    SMXCC Circular Margin Revised 29Jun2011

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    Minimum Initial Margin and Spread Benefit (revised) SMXCC / 009 / 2011 June 29, 2011. Minimum Initial Margin in percentage terms for all contracts under each underlying is given below: Serial Number 1 2 3 4 5 6 7 8 9 1 underlying SMGOLD SMEURUSD SMWTI SMBRE SMGOLDCH SMCOPPERCH SMSILVERCH SMAUDUSD SMUSDJPY.

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    31 views2 pages

    SMXCC Circular Margin Revised 29jun2011

    Uploaded by

    silverwatchdog
    Minimum Initial Margin and Spread Benefit (revised) SMXCC / 009 / 2011 June 29, 2011. Minimum Initial Margin in percentage terms for all contracts under each underlying is given below: Serial Number 1 2 3 4 5 6 7 8 9 1 underlying SMGOLD SMEURUSD SMWTI SMBRE SMGOLDCH SMCOPPERCH SMSILVERCH SMAUDUSD SMUSDJPY.

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    SMXCCCircular

    ___________________________________________________________________________ Subject CircularNumber Date To AllClearingMembers Pursuant to Clearing Rule 4.7 of Singapore Mercantile Exchange Clearing Corporation (SMXCC), SMXCCNotice9003,andinadditiontotheContractSpecificationissuedbySMX,youarerequested tonotethefollowing:

    MinimumInitialMarginandSpreadBenefit(revised) SMXCC/009/2011 June29,2011

    1. MinimumInitialMarginonContracts The minimum Initial Margin in percentage terms for all contracts under each underlying is given below: SerialNumber 1 2 3 4 5 6 7 8 9 1 Underlying SMGOLD SMEURUSD SMWTI SMBRE SMGOLDCH SMCOPPERCH SMSILVERCH SMAUDUSD SMUSDJPY MinimumInitialMarginpercentage 4.00% 2.50% 5.00% 5.00% 4.00% 5.00% 5.00% 2.50% 3.00%

    2. Calendarspreadbenefit SMX/SMXCCshallprovidecalendarspreadbenefitonInitialMarginsandSpecialMarginsinrespect ofanunderlying.However,intercommodityspreadbenefitsshallnotbeprovided. CalendarspreadbenefitonInitialMarginsforvariousunderlyingshallbeasprescribedbelow: SerialNumber 1 2 3 4 5 6 7 8 9 CalendarspreadbenefitonSpecialMarginsshallbe50%forallthecommodities. Underlying SMGOLD SMEURUSD SMWTI SMBRE SMGOLDCH SMCOPPERCH SMSILVERCH SMAUDUSD SMUSDJPY SpreadBenefit 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00%

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