Notice to Members

Notice No. 519
10/15/2008

Performance Bond Requirement Changes - New Rates and Tiers for U.S. Midwest Domestic Hot-Rolled Coil Steel Contracts (HR)

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, October 20th, 2008.

NEW MARGIN RATES AND TIERS FOR U.S. MIDWEST DOMESTIC HOT-ROLLED COIL STEEL CONTRACTS (HR)

Note: The revised margins are in bold

Outright (Scan) Spread Tiers for HR

Tiers	*New*
1	All Months

NYMEX Division Outright (Scan) Margin on HR

Commodity	Clearing Member / Maintenance Margin	Member Customer Initial Margin	Non-Member Customer Initial Margin
	*New*	*New*	*New*
HR	950	1045	1283

Intra-Commodity Spread Tiers for HR

Tiers	*New*
1	All Months

NYMEX Division Intra-Commodity Spread Margins on HR

Commodity	Clearing Member / Maintenance Margin	Member Customer Initial Margin	Non-Member Customer Initial Margin
	*New*	*New*	*New*
HR	$100	$110	$135

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com