09/09/2008
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 Wednesday, September 10th, 2008.
MARGIN RATE CHANGES FOR SO2 EMISSION ALLOWANCE FUTURES (RS), EUROPEAN UNION ALLOWANCE FUTURES (RC), ANNUAL NOX EMISSION ALLOWANCE-VINTAGE 2009-FUTURES (WW), ANNUAL NOX EMISSION ALLOWANCE-VINTAGE 2010-FUTURES (YP), SEASONAL NOX EMISSION ALLOWANCE-CURRENT VINTAGE-FUTURES (RN).
Note: The revised margins are in bold
NYMEX Clearinghouse Outright (Scan) Margins on RS,RC,WW,YP, and RN
| |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
| |
New |
Old |
New |
Old |
New |
Old |
| RS | $5,000 |
$9,000 |
$5,500 |
$9,900 |
$6,750 |
$12,150 |
| RC | € 2000 |
€ 4000 |
€ 2200 |
€ 4400 |
€ 2700 |
€ 5400 |
| WW | $5,000 |
$9,000 |
$5,500 |
$9,900 |
$6,750 |
$12,150 |
| YP | $2,000 |
$5,000 |
$2,200 |
$5,500 |
$2,700 |
$6,750 |
| RN | $2,500 |
$1,000 |
$2,750 |
$1,100 |
$3,375 |
$1,350 |