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Rate ID Report

Because Span supports separate rates for different account types, different Performance Bond Classes, and the specification of rates separately for Initial and Maintenance Performance Bond requirements,  a concept called a Rate Identifier, or Rate ID, is employed

Rate ID:  A rate ID is an integer that fully identifies a set of Span margin rates, and the performance bond requirement derived from it.  For example, rate ID number one identifies the values pertaining to Hedge customers, Maintenance-level requirements, in the Core performance bond class.

Clear/Cust:  Shows Account type as either Clearing-level - for clearing firm accounts on the books of a clearing organization, or Customer-level - for accounts held on the books of a clearing member firm. Customer-level account types currently defined are Member, Hedger, Speculator, and Omnibus.  Clearing-level account types currently defined are Normal and Member.
 

Account Type:  Customer-level account types currently defined are Member, Hedger, Speculator, and Omnibus.  Clearing-level account types currently defined are Normal and Member.  Shows the Account Type as:

  • H-Hedger
  • M-Member
  • O-Omnibus/Speculator
  • Q-Omnibus/Hedger
  • S-Speculator

Maint/Init:  Shows which type of Performance Bond Requirement, Maintenance or Initial, is referred to in the rate ID.

Class:  Shows which class of Performance Bond, Core or Reserve, is referred to in the rate ID.  The Class specifies the different levels of performance bond requirements.  This allows an exchange or clearing organization to divide it's performance bond requirement into different, acceptable forms of collateral.

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