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Commodity Contract Specifications 07/20/2004

A/C/E = Alliance/CBOT/Eurex

Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Currencies
Swiss Franc*	125,000 SF		2,228	1,650	400	7:20-2:00	1 PT = $12.50	1 PT = $12.50
Japanese Yen*	12,500,000 JY		3,105	2,300	600	7:20-2:00	1 PT = $12.50	1 PT = $12.50
E-Mini Japanese Yen*	6,250,000 JY		1,114	825	300	2:15-2:00	1 PT = $6.25	1 PT = $6.25
British Pound*	62,500 BP		2,295	1,700	300	7:20-2:00	1 PT = $6.25	2 PT = $12.50
Canadian Dollar*	100,000		1,350	1,000	200	7:20-2:00	1 PT = $10.00	1 PT = $10.00
French Franc*	500,000 FF		1,283	950	250	7:20-2:00	1 PT = $5.00	2 PT = $10.00
Australian Dollar*	100,000 AD		2,363	1,750	250	7:20-2:00	1 PT = $10.00	1 PT = $10.00
Euro Currency*	125,000 ECU		3,240	2,400	400	7:20-2:00	1 PT = $12.50	1 PT = $12.50
E-Mini Euro Currency**	62,500 ECU		1,620	1,200	200	2:15-2:00	1 PT = $6.25	1 PT = $6.25
Mexican Peso(New)*	500,000 MP		6,250	1,875	1,500	7:20-2:00	1 PT = $5.00	2.5 PT = $12.50
Brazilian Real*	100,000 BR		4,200	3,500	2,000	7:20-2:00	1 PT = $10.00	1 PT = $10.00
Russian Ruble*	2,500,000 Rubles		3,000	3,000	2,000	7:20-2:00	1 PT = $25.00	1 PT = $25.00
US Dollar Index***	1,000 x USDX		1,730	1,300	399	7:05-2:00	1 PT = $10.00	1 PT = $10.00
Swiss Franc/J. Yen	-		2,295	1,700	-	7:20-2:00	1 PT = $12.50	1 PT = $12.50
Swiss Franc/D. Mark	-		642	475	-	7:20-2:00	1 PT = $12.50	1 PT = $12.50
Swiss Franc/B. Pound	-		1,620	1,200	-	7:20-2:00	-	-
D. Mark/J. Yen	-		2,430	1,800	-	7:20-2:00	1 PT = $12.50	1 PT = $12.50
D. Mark/B. Pound	-		1,215	900	-	7:20-2:00	-	-
J. Yen/B. Pound	-		1,958	1,450	-	7:20-2:00	-	-
J. Yen/Euro Currency	-		2,700	2,000	-	7:20-2:00	1 PT = $12.50	1 PT = $12.50
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Interest Rates
Eurodollar*	$1,000,000		945	700	-	7:20-2:00	1 PT = $25.00	1/2 PT = $12.50
Treasury Bills	$1,000,000		405	300	150	7:20-2:00	1 PT = $25.00	1/2 PT = $12.50
Mid-Am T-Bill	$500,000		149	110	100	7:20-3:15	1 PT = $12.50	1/2 PT = $6.25
Treasury Bonds**	$100,000		2,160	1,600	300	7:20-2:00	1 PT = $1,000.00	1/32 PT = $31.25
Ace Mini-Treasury Bonds	$50,000		1,080	800	150	7:20-3:15	1 PT = $500.00	1/32 PT = $15.62
10 Yr T. Notes**	$100,000		1,620	1,200	150	7:20-2:00	1 PT = $1,000.00	1/2 of 1/32 PT = $15.62
Ace Mini-Ten Year	$50,000		810	600	270	7:20-3:15	1 PT = $500.00	1/32 PT = $15.62
Ace Mini Eurodollar**	500,000		338	250	100	8:00-4:00	1 PT = $12.50	1/2 PT = $6.25
Fed.30-day Funds	5,000,000		475	350	100	7:20-2:00	1 PT = $4,167.00	.01 = $41.67
Municipal Bond	$100,000		1,013	750	135	7:20-2:00	1 PT = $1,000.00	1/32 PT = $31.25
Five Year**	$100,000		945	700	338	7:20-2:00	1 PT = $1,000.00	1/2 of 1/32 PT = $15.62
Two Year	$200,000		810	600	270	7:20-2:00	1 PT = $2,000.00	1/4 of 1/32 PT = $15.62
Midcurve	$1,000,000		810	600	270	7:20-2:00	1 PT = $25.00	1/2 PT = $12.50
Notes/Bonds	$100,000		760	500	-	7:20-2:00	1 PT = $1,000.00	1/32 PT = $31.25
Munis/Bonds	$100,000		635	550	-	7:20-2:00	1 PT = $1,000.00	1/32 PT = $31.25
Ted Spread (T-Bills/Euros)	$1,000,000		709	525	-	7:20-2:00	1 PT = $25.00	1/2 PT = $12.50
EuroYen (front month)	100 Million Yen		30,375	22,500	-	7:20-2:00	1 PT = $2,500JY	1 PT = $2,500JY
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Grains/Oil Seeds
Corn*	5,000 BU		810	600	135	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Cbt mini-Corn	1,000 BU		162	110	27	9:30-1:45	1 Cent = $10.00	1/4 Cent = $2.50
Oats*	5,000 BU		475	350	270	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Soybeans*	5,000 BU		2,430	1,800	602	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Cbt mini-Soybeans	1,000 BU		485	360	45	9:30-1:45	1 Cent = $10.00	1/4 Cent = $2.50
Soymeal*	100 Tons		1,890	1,400	405	9:30-1:15	1 Cent = $100.00	10 Cents = $10.00
Soybean Oil*	60,000 lbs.		800	600	135	9:30-1:15	1 PT = $6.00	1 PT = $6.00
Wheat*	5,000 BU		1,181	875	371	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Wheat (mini)	1,000 BU		236	175	74	9:30-1:45	1 Cent = $10.00	1/4 Cent = $2.50
Kansas City Wheat*	5,000 BU		1,125	900	125	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Minneapolis Wheat*	5,000 BU		1,170	900	338	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Rough Rice*	100 Tons		945	700	270	9:15-1:30	1 Cent = $20.00	1/2 Cent = $10.00
Canola*	20 Metric Tons		270 CD	200 CD	50 CD	9:30-1:15	1 Cent = $0.2 CD	10 Cents = $2 CD
Flaxseed*	20 Metric Tons		170 CD	125 CD	50 CD	9:30-1:15	1 Cent = $0.2 CD	10 Cents = $2 CD
KC Wheat/CBOT Wheat	10,000 BU		813	650	-	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Corn (Old/New crop spread)	10,000 BU		540	400	-	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Oats (Old/New crop spread)	10,000 BU		338	250	-	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Soybeans (Old/New crop)	10,000 BU		1,000	750	-	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
mini-sized Soybeans (Old/New crop)	10,000 BU		0	0	-	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Soymeal (Old/New crop)	10,000 BU		0	0	-	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Wheat (Old/New crop spread)	10,000 BU		540	400	-	9:30-1:15	1 Cent = $50.00	1/4 Cent = $12.50
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Indexes
NYSE Composite	500 x NFYE		20,000	20,000	600	8:30-3:15	1 PT = $5.00	5 PT = $25.00
S&P 500*	250 x S&P 500		20,000	14,250	200	8:30-3:15	1 PT = $2.50	10 PT = $25.00
E-mini S&P**	50 x S&P 500		4,000	2,850	50	3:45-3:15	1 PT = $0.50	25 PT = $12.50
Value Line	500 x VL		13,125	10,500	375	8:30-3:15	1 PT = $5.00	5 PT = $25.00
Mini Value Line	100 x VL		4,500	4,000	1250	8:30-3:15	1 PT = $1.00	5 PT = $5.00
KCBOT INDEX	25 x Index		3,750	3,000	150	8:30-3:15	1 PT = $1.00	5 PT = $5.00
CRB Index	500 x Index		2,125	1,500	-	8:40-1:45	1 PT = $1.00	5 PT = $25.00
Nikkei Stock Index	500 x Index		4,065	3,250	170	8:00-3:15	1 PT = $5.00	5 PT = $25.00
Goldman Index	250 x Index		4,125	2,750	563	8:30-3:15	1 PT = $2.50	5 PT = $12.50
Mid Cap	500 x Index		17,500	14,000	844	8:30-3:15	1 PT = $5.00	5 PT = $25.00
Nasdaq 100*	100 x Nasdaq 100		18,750	15,000	255	8:30-3:15	1 PT = $1.00	5 PT = $50.00
E-mini Nasdaq**	20 x Nasdaq 100		3,750	1,800	51	3:45-3:15	1 PT = $0.20	50 PT = $10.00
Russell 1000	100 x Russell 1000		3,625	2,900	200	3:45-3:15	10 PT = $10.00	10 PT = $10.00
Russell 2000	500 x Index		17,500	30,000	844	8:30-3:15	1 PT = $5.00	5 PT = $25.00
Dow Jones****	10 x DJIA		5,000	4,000	500	7:20-3:15	1 PT = $10.00	1 PT = $10.00
A/C/E Mini 5$ Dow***	5 x DJIA		2,500	2,000	200	8:15-4:00	1 PT = $5.00	5 PT = $5.00
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Livestock
Feeder Cattle	50,000 Lbs.		1,688	1,250	473	9:05-1:00	1 PT = $5.00	2.5 PT = $12.50
Live Cattle	40,000 Lbs.		1,620	1,200	338	9:05-1:00	1 PT = $4.00	2.5 PT = $10.00
Lean Hogs	40,000 Lbs.		1,080	800	700	9:10-1:00	1 PT = $4.00	2.5 PT = $10.00
Frozen Bellies	40,000 Lbs.		1,620	1,200	810	9:10-1:00	1 PT = $4.00	2.5 PT = $10.00
E-MINI FEEDERS	10,000 Lbs.		108	80	119	9:05-1:00	1 PT = $10.00	1 PT = $10.00
E-MINI HOGS	25,000 Lbs.		230	170	122	9:10-1:05	1 PT = 2.50	5 PT = $12.50
Bellies/Hogs	40,000 Lbs.		1,645	1,230	-	9:10-1:00	1 PT = $4.00	2.5 PT = $10.00
Cattle/Hogs	40,000 Lbs.		1,350	1,012	-	9:10-1:00	1 PT = $4.00	2.5 PT = $10.00
Feeders/Live Cattle	-		1,950	1,465	-	9:10-1:00	-	-
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Foods/Fibers/Lumber
Cocoa	10 M Tons		1,190	850	210	7:00-10:50	1 PT = $10.00	1 PT = $10.00
Coffee "C"	37,500 Lbs.		2,240	1,600	500	8:15-11:30	1 PT = $3.75	5 PT = $18.75
Cotton #2	50,000 Lbs.		2,240	1,600	298	9:30-1:15	1 PT = $5.00	1 PT = $5.00
Orange Juice	15,000 Lbs.		700	500	250	9:00-12:30	1 PT = $1.50	5 PT = $7.50
Sugar #11	112,000 Lbs.		700	500	140	8:00-11:00	1 PT = $11.20	1 PT = $11.20
Lumber	110,000 bd ft		1,650	1,300	650	9:00-1:05	1 PT = $1.10	10 PT = $11.00
New Milk (CME)	200,000 Lbs.		2,025	1,500	300	8:00-1:10	1 PT = $20.00	1 PT = $20.00
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Metals
Copper	25,000 Lbs.		2,700	2,000	202	7:10-12:00	1 PT = $2.50	5 PT =$12.50
Gold	100 Troy oz.		2,025	1,500	608	7:20-12:30	1 Doll = $100.00	10 Cent = $10.00
Mini New York Gold*	33.2 Troy Oz.		405	300	135	8:15-1:45	1 Doll = $33.20	10 Cent = $3.32
Platinum	50 Troy Oz.		2,700	2,000	500	7:20-12:05	1 Doll = $50.00	10 Cent = $5.00
Palladium	100 Troy Oz.		2,700	2,000	404	7:30-12:00	1 Doll = $100.00	5 Cent = $5.00
Silver/5000 OZ	5,000 Troy Oz.		2,700	2,000	470	7:25-12:25	1 Cent = $50.00	1/2 Cent = $25.00
Mini New York Silver*	1,000 Troy Oz.		540	400	338	8:15-1:45	1 Cent  = $10.00	1/10 Cent = $1.00
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Energies
Crude Oil	1,000 Barrels		3,375	2,500	1,000	9:00-1:30	1 Cent = $10.00	1 Cent = $10.00
Unleaded Gas	42,000 Gal.		4,725	3,500	1,000	9:05-1:30	1 PT = $4.20	1 PT = $4.20
Heating Oil	42,000 Gal.		3,375	2,500	1,000	9:05-1:30	1 PT = $4.20	1 PT = $4.20
Natural Gas	10,000 MM Btu		5,400	4,000	3,375	9:00-1:30	1 PT = $10.00	1 PT = $10.00
Heating Oil/Unleaded Gas	-		3,000	2,000	-	9:00-1:30	-	-
Crude Oil/Heating Oil	-		3,000	2,000	-	9:00-1:30	-	-
Crude Oil/Natural Gas	-		3,000	2,000	-	9:00-1:30	-	-
Commodity Contract	Contract Size		Initial Margin	Maint. Margin	Spread Margin	Trading Hour - CST	Point Value	Tick Fluctuation
Foreigns
LIFFE FTSE 100	25 BP x FTSE Index		3,500 BP	3,500 BP	-	2:00A-11:30A	1 PT = 2.5 BP	5 PT = 12.5 BP
LIFFE Gilt	100,000 BP		1,900 BP	1,900 BP	-	2:00A-12:00A	1 PT = 10 BP	1 PT = 10 BP
LIFFE Euro-BTP (Italian Bond)	100,000 ECU		1,500 ECU	1,500 ECU	-	1:55A-11:58A	1 PT = 10 ECU	1 PT = 10 ECU
Eurex Bond	100,000 ECU		2,045 ECU	2,045 ECU	-	1:30A-11:56A	1 PT = 10 ECU	1 PT = 10 ECU
Eurex DAX	25 x DAX Index		10,000 ECU	7,500 ECU	-	2:30A-9:00A	1 PT = 25 ECU	0.5 PT = 12.5 ECU
SIMEX Nikkei	500JY x Nikkei index		562,500 JY	450,000 JY	-	6:00P-12:15A	1 PT = 500 JY	5 PT = 2,500 JY
SIMEX Hang Seng Index	HK$50 x Index		90,000 HK$	90,000 HK$	-	8:00P-2:00A	1 PT = HK$50	1 PT = HK$50
MATIF CAC40	10 ECU x Index		2,750	2,750	-	3:00A-10:00A	1 PT = 10 ECU	0.5 PT = 5 ECU
MATIF Euro 10-Yr	100,000 ECU		1,500 ECU	1,500 ECU	-	2:30A-9:30A	1 PT = 10 ECU	1 PT = 10 ECU
SFE Ordinaries Prices Index	25 AD x Index		10,000 AD	8,000 AD	-	4:20P-10:40P	1 PT = 25 AD	1 PT = 25 AD
SFE Australian 10-Yr Bond	100,000 AD		2,400 AD	2,400 AD	-	4:20P-12:30A	1% = 88 AD	0.5 % = 44 AD
* All margins are subject to change without notice. All margins are SPAN minimums except some spreads and delivery months which may be higher. Marin Financial reserves the right to change margins at any time. Contact Marin Financial 866.493.5158 or 561.202.8335 for any changes to posted margins. The information contained herein is provided as a courtesy and Marin Financial or its agents assume no liability for its accuracy.
Wiring Instructions: Harris Trust and Savings 111 W. Monroe Chicago, IL 60603		ABA # 071-000-288 Credit: Alaron Trading Corporation Customer Segregated Funds Account Account # 165-083-7 Further Credit to: [Your name and account number]

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