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Commodity Margin
What is Margin, how does it work?
An Initial margin is NOT a cost, it is however the deposit required to maintain either a short or long position in a futures contract. Maintenance margin is the amount of initial margin that must be maintained for that position before a margin call is generated. Note that the maintenance margin level is NOT in addition to the initial margin.
Example; assume that the initial margin required to buy or sell a particular commodity contract is $1,000 and the maintenance margin requirement is $750. Should losses on open positions reduce the funds in your trading account $700, you would receive a margin call for the $300 needed to restore your account back to the initial $1,000. If there were not excess funds in the account in order to bring the initial amount back up to $1,000, that position would create a margin call, a situation in which the account would need to be either immediately met with additional funds or the position liquidated to cover the margin call.
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Initial & Maintenance Margin
| COMMODITY |
INITIAL MARGIN |
MAINT. MARGIN |
PERCENT MAINT. |
| Currencies / Currency |
| Swiss Franc |
$ 2,700 |
$ 2,000 |
74 % |
| Japanese Yen |
$ 6,075 |
$ 4,500 |
74 % |
| British Pound |
$ 2,430 |
$ 1,800 |
74 % |
| Canadian Dollar |
$ 2,430 |
$ 1,800 |
74 % |
| Australian Dollar |
$ 3,240 |
$ 2,400 |
74 % |
| Euro Currency |
$ 2,835 |
$ 2,100 |
74 % |
| US Dollar Index |
$ 1,729 |
$ 1,300 |
75 % |
| Interest Rates / Financial's |
| Treasury Bonds |
$ 3,375 |
$ 2,500 |
74 % |
| 10 Yr T. Notes |
$ 1,890 |
$ 1,400 |
74 % |
| S & P 500 |
$ 28,125 |
$ 22,500 |
80 % |
| E-mini S & P |
$ 5,625 |
$ 4,500 |
80 % |
| Nikkei Stock Index |
$ 6,250 |
$ 5,000 |
80 % |
| Nasdaq 100 |
$ 18,750 |
$ 15,000 |
80 % |
| E-mini Nasdaq 100 |
$ 3,750 |
$ 3,000 |
80 % |
| Dow Jones |
$ 32,500 |
$ 26,000 |
80 % |
| Mini 5$ Dow |
$ 6,500 |
$ 5,200 |
80 % |
| Livestock |
| Feeder Cattle |
$ 1,688 |
$ 1,250 |
74 % |
| Live Cattle |
$ 1,350 |
$ 1,00 |
74 % |
| Lean Hogs |
$ 1,485 |
$ 1,100 |
74 % |
| Frozen Bellies |
$ 2,025 |
$ 1,500 |
74 % |
| Grains |
| Corn |
$ 2,025 |
$ 1,500 |
74 % |
| Wheat |
$ 3,375 |
$ 2,500 |
74 % |
| Soybeans |
$ 4,388 |
$ 3,250 |
74 % |
| Foods / Fibers / Soft's |
| Cocoa |
$ 3,300 |
$ 3,000 |
90 % |
| Coffee " C " |
$ 4,400 |
$ 4,000 |
90 % |
| Cotton #2 |
$ 5,600 |
$ 4,000 |
71 % |
| Orange Juice FCOJ |
$ 1,960 |
$ 1,400 |
71 % |
| Sugar #11 |
$ 2,750 |
$ 2,500 |
90 % |
| Metals |
| Copper |
$ 8,100 |
$ 6,000 |
74 % |
| Gold |
$ 6,075 |
$ 4,500 |
74 % |
| Platinum |
$ 4,950 |
$ 4,500 |
90 % |
| Palladium |
$ 4,950 |
$ 4,500 |
90 % |
| Silver/5000 OZ |
$ 9,788 |
$ 7,250 |
74 % |
| Energies |
| Crude Oil |
$ 5,063 |
$ 3,750 |
74 % |
| RBOB Gasoline |
$ 5,400 |
$ 4,000 |
74 % |
| Heating Oil |
$ 5,063 |
$ 3,750 |
74 % |
| Natural Gas |
$ 5,400 |
$ 4,000 |
74 % |
 Margin Sheet Data Download
Related:
 Commodity Contract Specifications
Market Trading Hours
* All margins are subject to change without notice. Margin information is from sources believed to be reliable, but we cannot be held responsible for either its accuracy or completeness |
