On November 28, National Futures Association changed the minimum security deposits required to be collected for certain forex transactions in response to margin changes that CME and ICE recently implemented. For foreign currency futures involving the Mexican peso, Japanese yen and New Zealand dollar, forex dealer members must collect and maintain the following increased minimum security deposits:

• Mexican peso – 8%
• Japanese yen – 4%
• New Zealand dollar – 3%

In contrast, foreign currency futures involving the Swiss franc will have a lower minimum security deposit:

• Swiss franc – 3%

The amendments will go into effect at 5 p.m. (CST) on December 5. Notice I-16-27 announcing the changes is available here.