Notice to Members
Notice No. 531
10/21/2008
Performance Bond Requirement Changes
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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, October 22nd, 2008.

INTRA-SPREAD TIER CHANGES FOR CRUDE OIL FUTURES CONTRACT (CL), FINANCIAL CRUDE OIL CONTRACT (WS), CRUDE OIL CALENDAR SWAP (CS), and NYMEX miNY CRUDE OIL CONTRACT (QM)

Note: The revised margins are in bold


CL/WS/CS Intra -Commodity Spread Tiers
 
Tiers
New
Old†*
1
1st Nearby
1st Nearby
2
2nd - 13th Nearby
2nd - 14th Nearby
3
14th - 37th Nearby
15th - 38th Nearby
4
Greater than the 37th Nearby
Greater than the 38th Nearby


NYMEX Division Outright (Scan) Margins on Crude Oil Futures Contract (CL), Financial Crude Oil Contract (WS) and Crude Oil Calendar Swap (CS)
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$450
$450
$495
$495
$608
$608
2
$400
$400
$440
$440
$540
$540
3
$400
$300
$440
$330
$540
$405
4
$400
$300
$440
$330
$540
$405
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com