Both the Chicago Mercantile Exchange and the Chicago Board of Trade have implemented the "Standard Portfolio Analysis of Risk" (SPAN) margin system. Therefore, to comply with the exchange regulations,
Ira Epstein & Company will use the SPAN margin system as a factor, but not the sole one in determining required margins for its customers.
SPAN is a margin system that will measure the risk of the client's entire portfolio on a day to day basis and consequently, the margin requirements may fluctuate at any time during the day and from day to day. Therefore, it is the client's responsibility to keep himself apprised of current margin requirements as they may from time to time be modified in Epstein's sole discretion, and to be properly margined at all times. For further information on SPAN contact the Chicago Board of Trade or the Chicago Mercantile Exchange.
If you have any questions either contact your IECo representitive or call: 1-800-284-1007
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