Inter-Commodity Rates for CME Agricultural Futures Created by PBIS system
CME SPAN® Minimum Performance Bond Requirements
(SPAN refers to Standard Portfolio Analysis of Risk Performance bond system)
Back to Performance Bond Main
Revised 08/18/2008. An * before the rate type indicates the rate is new since the last revision on 08/14/2008
CME Agricultural Futures -- Inter-Commodity Rates (Exchange Minimums)
Inter-Commodity Spreads+
    Ratio Initial Maintenance
Class IV Milk (DK) vs. CME Dry Whey Futures (DY)
Spread Credit Rate 1:1 70.00% 70.00%
Class IV Milk (DK) vs. Nonfat Dry Milk (NF)
Spread Credit Rate 3:2 75.00% 75.00%
CME Cash-Settled Butter Futures (CB) vs. Class IV Milk (DK)
Spec 8:1 70.00% 70.00%
CME Cash-Settled Butter Futures (CB) vs. Milk (DA)
Spread Credit Rate 1:1 70.00% 70.00%
CME Cash-Settled Butter Futures (CB) vs. Nonfat Dry Milk (NF)
Spread Credit Rate 4:1 70.00% 70.00%
Feeder Cattle (FC) vs. Corn (CBOT) (C) vs. Live Cattle (LC)
Spread Credit Rate +2:+1:-4 65.00% 65.00%
Feeder Cattle (FC) vs. Lean Hogs (LN)
Spread Credit Rate 1:2 45.00% 45.00%
Feeder Cattle (FC) vs. Live Cattle (LC) **
Spread Credit Rate 2:3 50.00% 50.00%
Goldman Sachs Commodity Index (GI) vs. Dow AIG Index (CBOT) (64)
Spread Credit Rate 2:3 60.00% 60.00%
GSCI ER Futures (GA) vs. Goldman Sachs Commodity Index (GI)
Spread Credit Rate 3:2 75.00% 75.00%
Lean Hogs (LN) vs. Frozen Pork Bellies (PB)
Spread Credit Rate 3:2 45.00% 45.00%
Live Cattle (LC) vs. Frozen Pork Bellies (PB)
Spread Credit Rate 1:1 35.00% 35.00%
Live Cattle (LC) vs. Lean Hogs (LN)
Spread Credit Rate 1:1 45.00% 45.00%
Milk (DA) vs. Butter (DB)
Spread Credit Rate 2:1 70.00% 70.00%
Milk (DA) vs. CME Dry Whey Futures (DY)
Spread Credit Rate 1:1 75.00% 75.00%
Milk (DA) vs. Nonfat Dry Milk (NF)
Spread Credit Rate 3:2 50.00% 50.00%

Inter-Exchange Spreads
    Ratio Initial Maintenance
GSCI Basket-10 (BASKT) vs. Goldman Sachs Commodity Index (GI) (BASKT = 10 GSCI Futures & Options) &
Spread Credit Rate 10:1 75.00% 75.00%
GSCI Basket-100 (BASKT) vs. Goldman Sachs Commodity Index (GI) (BASKT = 100 GSCI Futures & Options) &
Spread Credit Rate 100:1 75.00% 75.00%
GSCI ER Futures Basket-100 (BASKT) vs. GSCI ER Futures (GA) (BASKT = 100 GSCI ER Futures & Options) &
Spread Credit Rate 100:1 80.00% 80.00%