Notices to Members2020 | 2019 | 2018 | 2017 | 2016 | Show more years
March 20, 2020
Immediate attention required – Financial Requirements Section 12 – Increases in required minimum security deposits for forex transactions
Given the recent volatility in the currency markets, and the margin increases that CME and ICE have implemented with respect to foreign currency futures involving the Norwegian Krone and Mexican Peso, the Executive Committee has determined to increase the minimum security deposits required to be collected and maintained by FDMs under NFA Financial Requirements Section 12 to the following:
Norwegian Krone – 7%
Mexican Peso – 10%
These increases become effective, for both new and existing positions, at 5:00 p.m. CT on March 22, 2020 and remain in effect until further notice.
If you have any questions on these requirements, please contact Matt Childers, Director, Compliance (312-781-1552 or firstname.lastname@example.org) or Joe Hawrysz, Managing Director, Compliance (312-781-1331 or email@example.com).