• Performance Bond Requirement Changes - Effective Monday, December 8, 2008

      • To
      • Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 08-386
      • Notice Date
      • 05 December 2008
      • Effective Date
      • 08 December 2008
    • 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, December 8th, 2008.

      NEW MARGIN RATES AND TIERS FOR Electricity Futures Contracts for the PJM Market

      For tHE full-text of this advisory...