NEW YORK, NY, US– Effective with the open of business Friday, August 21, 2015 and thereafter, ICE Clear US (ICUS) will implement a system release (Version 7.9). The primary impact of this release is the replacement of CME SPAN with ICE SPAN.
Refer to CM Notice # 15-063. The rounding routine of the new system will result in minor changes to the margin requirements of several soft agricultural commodities and FX inter-commodity spread credits.
Butterfly spreads and inter-exchange spreads will no longer be available in ICE SPAN.
Please be advised that due to the nature of the rounding routine in ICE SPAN, the following margin requirements are changing effective with the opening of business on Friday, August 21, 2015 and thereafter.
Clearing Members are required to deposit with ICUS original margin at the maintenance level identified below.
