Intercontinental Exchange : Margin Update for ICE Futures U.S. Coffee Contract

ICE Futures U.S.

9 July 2024

MARGIN UPDATE FOR ICE FUTURES U.S. COFFEE CONTRACT

The Exchange is changing the margin requirements for the contract listed below effective at the close of business on July 9, 2024. Accordingly, Firms carrying accounts with positions in the following contracts should be collecting margin using the updated ICE® Risk Model margin parameters:

*** MARGIN UPDATE EFFECTIVE JULY 9, 2024 ***

• Scanning Risk (Outright Margin)

Commodity

Market

Expiry

Initial Margin

Prior Initial Margin

Difference

Code

Requirement

Requirement

KC

Coffee "C" Futures

Sep 24

6,645 USD

6,000 USD

645 USD

KC

Coffee "C" Futures

Mar 25

6,120 USD

5,490 USD

630 USD

• Inter-MonthAdd-Ons

Commodity

Market

Leg1

Leg2

Initial Margin

Prior Initial Margin

Difference

Code

Expiry

Expiry

Requirement

Requirement

KC

Coffee "C" Futures

Jul 24

Jul 25

1,498 USD

1,350 USD

147 USD

KC

Coffee "C" Futures

Jul 24

Sep 25

1,867 USD

1,388 USD

479 USD

KC

Coffee "C" Futures

Jul 24

Dec 25

2,215 USD

1,442 USD

773 USD

KC

Coffee "C" Futures

Jul 24

Mar 26

2,561 USD

1,496 USD

1,065 USD

KC

Coffee "C" Futures

Jul 24

May 26

2,783 USD

1,553 USD

1,231 USD

KC

Coffee "C" Futures

Jul 24

Jul 26

3,065 USD

1,649 USD

1,417 USD

KC

Coffee "C" Futures

Jul 24

Sep 26

3,226 USD

1,747 USD

1,479 USD

KC

Coffee "C" Futures

Jul 24

Dec 26

3,526 USD

1,805 USD

1,721 USD

KC

Coffee "C" Futures

Jul 24

Mar 27

3,785 USD

1,943 USD

1,842 USD

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© 2024 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock

Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use

Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.

KC

Coffee "C" Futures

Sep 24

Dec 24

293 USD

259 USD

34 USD

Commodity

Market

Leg1

Leg2

Initial Margin

Prior Initial Margin

Difference

Code

Expiry

Expiry

Requirement

Requirement

KC

Coffee "C" Futures

Sep 24

Mar 25

535 USD

435 USD

100 USD

KC

Coffee "C" Futures

Sep 24

May 25

832 USD

579 USD

254 USD

KC

Coffee "C" Futures

Sep 24

Jul 25

1,268 USD

757 USD

511 USD

KC

Coffee "C" Futures

Sep 24

Sep 25

1,659 USD

852 USD

807 USD

KC

Coffee "C" Futures

Sep 24

Dec 25

2,007 USD

999 USD

1,008 USD

KC

Coffee "C" Futures

Sep 24

Mar 26

2,353 USD

1,134 USD

1,218 USD

KC

Coffee "C" Futures

Sep 24

May 26

2,575 USD

1,223 USD

1,352 USD

KC

Coffee "C" Futures

Sep 24

Jul 26

2,857 USD

1,320 USD

1,537 USD

KC

Coffee "C" Futures

Sep 24

Sep 26

3,017 USD

1,493 USD

1,524 USD

KC

Coffee "C" Futures

Sep 24

Dec 26

3,318 USD

1,572 USD

1,746 USD

KC

Coffee "C" Futures

Sep 24

Mar 27

3,577 USD

1,586 USD

1,990 USD

KC

Coffee "C" Futures

Dec 24

Mar 25

292 USD

223 USD

68 USD

KC

Coffee "C" Futures

Dec 24

May 25

645 USD

370 USD

275 USD

KC

Coffee "C" Futures

Dec 24

Jul 25

1,081 USD

550 USD

530 USD

KC

Coffee "C" Futures

Dec 24

Sep 25

1,472 USD

693 USD

779 USD

KC

Coffee "C" Futures

Dec 24

Dec 25

1,820 USD

894 USD

926 USD

KC

Coffee "C" Futures

Dec 24

Mar 26

2,166 USD

1,020 USD

1,146 USD

KC

Coffee "C" Futures

Dec 24

May 26

2,388 USD

1,129 USD

1,259 USD

KC

Coffee "C" Futures

Dec 24

Jul 26

2,670 USD

1,309 USD

1,362 USD

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© 2024 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock

Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use

Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.

KC

Coffee "C" Futures

Dec 24

Sep 26

2,830 USD

1,357 USD

1,473 USD

KC

Coffee "C" Futures

Dec 24

Dec 26

3,131 USD

1,401 USD

1,729 USD

KC

Coffee "C" Futures

Dec 24

Mar 27

3,390 USD

1,564 USD

1,826 USD

Commodity

Market

Leg1

Leg2

Initial Margin

Prior Initial Margin

Difference

Code

Expiry

Expiry

Requirement

Requirement

KC

Coffee "C" Futures

Mar 25

May 25

354 USD

240 USD

114 USD

KC

Coffee "C" Futures

Mar 25

Jul 25

789 USD

425 USD

364 USD

KC

Coffee "C" Futures

Mar 25

Sep 25

1,180 USD

603 USD

577 USD

KC

Coffee "C" Futures

Mar 25

Dec 25

1,528 USD

784 USD

744 USD

KC

Coffee "C" Futures

Mar 25

Mar 26

1,874 USD

968 USD

906 USD

KC

Coffee "C" Futures

Mar 25

May 26

2,097 USD

1,143 USD

954 USD

KC

Coffee "C" Futures

Mar 25

Jul 26

2,379 USD

1,308 USD

1,070 USD

KC

Coffee "C" Futures

Mar 25

Sep 26

2,539 USD

1,326 USD

1,212 USD

KC

Coffee "C" Futures

Mar 25

Dec 26

2,839 USD

1,362 USD

1,477 USD

KC

Coffee "C" Futures

Mar 25

Mar 27

3,098 USD

1,522 USD

1,576 USD

KC

Coffee "C" Futures

May 25

Jul 25

435 USD

229 USD

207 USD

KC

Coffee "C" Futures

May 25

Sep 25

827 USD

402 USD

425 USD

KC

Coffee "C" Futures

May 25

Dec 25

1,175 USD

765 USD

410 USD

KC

Coffee "C" Futures

May 25

Mar 26

1,521 USD

949 USD

572 USD

KC

Coffee "C" Futures

May 25

May 26

1,743 USD

1,005 USD

738 USD

KC

Coffee "C" Futures

May 25

Jul 26

2,025 USD

1,197 USD

828 USD

KC

Coffee "C" Futures

May 25

Sep 26

2,185 USD

1,215 USD

970 USD

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© 2024 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock

Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use

Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.

KC

Coffee "C" Futures

May 25

Dec 26

2,485 USD

1,251 USD

1,234 USD

KC

Coffee "C" Futures

May 25

Mar 27

2,744 USD

1,330 USD

1,415 USD

KC

Coffee "C" Futures

Jul 25

Sep 25

391 USD

274 USD

118 USD

KC

Coffee "C" Futures

Jul 25

Dec 25

739 USD

587 USD

152 USD

KC

Coffee "C" Futures

Jul 25

Mar 26

1,085 USD

821 USD

264 USD

Commodity

Market

Leg1

Leg2

Initial Margin

Prior Initial Margin

Difference

Code

Expiry

Expiry

Requirement

Requirement

KC

Coffee "C" Futures

Jul 25

May 26

1,307 USD

877 USD

431 USD

KC

Coffee "C" Futures

Jul 25

Jul 26

1,589 USD

1,012 USD

577 USD

KC

Coffee "C" Futures

Jul 25

Sep 26

1,750 USD

1,030 USD

719 USD

KC

Coffee "C" Futures

Jul 25

Dec 26

2,050 USD

1,090 USD

960 USD

KC

Coffee "C" Futures

Jul 25

Mar 27

2,309 USD

1,254 USD

1,055 USD

KC

Coffee "C" Futures

Sep 25

Dec 25

348 USD

313 USD

35 USD

KC

Coffee "C" Futures

Sep 25

Mar 26

694 USD

547 USD

147 USD

KC

Coffee "C" Futures

Sep 25

May 26

916 USD

636 USD

280 USD

KC

Coffee "C" Futures

Sep 25

Jul 26

1,198 USD

865 USD

333 USD

KC

Coffee "C" Futures

Sep 25

Sep 26

1,358 USD

946 USD

412 USD

KC

Coffee "C" Futures

Sep 25

Dec 26

1,659 USD

1,170 USD

488 USD

KC

Coffee "C" Futures

Sep 25

Mar 27

1,918 USD

1,290 USD

628 USD

KC

Coffee "C" Futures

Dec 25

Mar 26

346 USD

205 USD

141 USD

KC

Coffee "C" Futures

Dec 25

May 26

568 USD

434 USD

134 USD

KC

Coffee "C" Futures

Dec 25

Jul 26

850 USD

666 USD

185 USD

View All Notices / Contact Us /Media Inquiries

© 2024 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock

Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use

Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.

KC

Coffee "C" Futures

Dec 25

Sep 26

1,010 USD

793 USD

217 USD

KC

Coffee "C" Futures

Dec 25

Dec 26

1,311 USD

957 USD

354 USD

KC

Coffee "C" Futures

Dec 25

Mar 27

1,872 USD

1,276 USD

596 USD

KC

Coffee "C" Futures

Mar 26

Sep 26

787 USD

651 USD

135 USD

KC

Coffee "C" Futures

Mar 26

Dec 26

983 USD

805 USD

178 USD

KC

Coffee "C" Futures

Mar 26

Mar 27

1,691 USD

1,304 USD

387 USD

KC

Coffee "C" Futures

May 26

Jul 26

323 USD

232 USD

91 USD

Commodity

Market

Leg1

Leg2

Initial Margin

Prior Initial Margin

Difference

Code

Expiry

Expiry

Requirement

Requirement

KC

Coffee "C" Futures

May 26

Sep 26

592 USD

462 USD

130 USD

KC

Coffee "C" Futures

May 26

Dec 26

944 USD

849 USD

94 USD

KC

Coffee "C" Futures

May 26

Mar 27

1,825 USD

1,367 USD

458 USD

KC

Coffee "C" Futures

Jul 26

Mar 27

1,618 USD

1,232 USD

387 USD

KC

Coffee "C" Futures

Sep 26

Mar 27

1,469 USD

983 USD

486 USD

KC

Coffee "C" Futures

Dec 26

Mar 27

1,422 USD

599 USD

823 USD

• Butterfly Spread Add-Ons

Prior Initial

Commodity

Market

Leg1

Leg2

Leg3

Initial Margin

Margin

Difference

Code

Expiry

Expiry

Expiry

Requirement

Requiremen

t

KC

Coffee "C" Futures

Mar 26

May 26

Jul 26

260 USD

190 USD

70 USD

KC

Coffee "C" Futures

May 26

Jul 26

Sep 26

381 USD

332 USD

50 USD

KC

Coffee "C" Futures

Sep 26

Dec 26

Mar 27

1,463 USD

564 USD

899 USD

View All Notices / Contact Us /Media Inquiries

© 2024 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock

Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use

Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.

A complete grid of margin rates for all ICE Futures U.S. Agricultural, Index, and Financial Products can be accessed by Click herefor a link.

For each of the IFUS Contracts, ICE Clear U.S. ("ICUS") determines the margin rate that is charged to clearing members that carry positions in these contracts. The Exchange minimum margin requirements for outright and straddle positions are based upon the ICUS margin rate charged to clearing members, as follows:

For all accounts, clearing members are required to identify categories of customers with heightened risk profiles and collect initial margin for each account at a level that exceeds the specified clearing original margin requirement by an amount commensurate with the risk presented by each such account. Exchange Carrying Firms are required to collect initial margin on this same basis.

For all accounts, the Exchange minimum Maintenance Margin is equal to the ICUS Margin rate for each respective IFUS Contract.

FOR MORE INFORMATION

ICE Clear US

[e-mail]

1. 748-4001

1. 836-6777

View All Notices / Contact Us /Media Inquiries

© 2024 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock

Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use

Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.