Futures Margin Rates

FCM Clearing Members must determine a risk profile for each account that it carries consistent with the requirement to monitor the credit risks of accepting trades, including give-up trades, of its Customers and within its Risk Management Policies and Procedures required under Rule 303(b)(ii) in the Cboe Clear US Rulebook. For those accounts that the FCM determines to have a heighted risk profile, the FCM Clearing Member must charge those accounts an initial margin requirement that is higher than the maintenance margin (clearing initial margin requirement). As of the date of these rates, the Clearinghouse has set that premium to a minimum of 115%.

* The total margin requirement for a spread position is the sum of the margin requirement for the spread as shown and the absolute value of the difference in the margin requirement of each contract that comprises the spread.

Trading and open interest in the June 2025 FBT and FET contracts, and all FBT and FET contract expirations listed on Cboe Digital Exchange thereafter the June 2025 contracts, may be subject to transfer to Cboe Futures Exchange prior to their expiration.