• Performance Bond Requirement Changes -- Effective Monday, April 27th, 2009

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-170
      • Notice Date
      • 24 April 2009
      • Effective Date
      • 27 April 2009
    • To receive advanced notification of Performance Bond (margin) changes, through our free automated mailing list, go to: http://www.cmegroup.com/newsletter/web2lead/web2sf-old.html and subscribe to the Performance Bond Rates Advisory Notices listserver.
       
      As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed below. The rates are effective at the close of business on Monday, April 27th, 2009.
       
       
      CME Agricultural Futures Inter-Spread Rates
       
      OTC S&P GSCI Excess Return Swap (SES) vs. GSCI ER Basket of 100

       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      Increase
      60.00%
      60.00%
      75.00%
      75.00%
      Customer Rate
      Increase
      60.00%
      60.00%
      75.00%
      75.00%