Notice 545
October 30, 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 Monday, November 3rd, 2008.

NEW MARGIN RATES AND TIERS FOR

NGL Related Contracts
Commodity Code
Conway Propane (OPIS) Swap
W1
Mont Belvieu Natural Gasoline (OPIS) Swap
W3
Mont Belvieu Ethane (OPIS) Swap
W8
Mont Belvieu Isobutane (OPIS) Swap
Y2
Mont Belvieu Normal Butane (OPIS) Swap
Z2

Plastics Related Contracts
Code
Polypropylene Futures Contract
P1
Polyethylene Futures Contract
P6


Note: The revised margins are in bold

Outright (Scan) Spread Tiers for W1, W3, W8, Y2, Z2, P1 and P6
 
Tiers
New
1
All Months


NYMEX Division Outright (Scan) Margin on W1, W3, W8, Y2, Z2, P1 and P6
 
Commodity
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
New
New
W1
$8,500
$9,350
$11,475
W3
$8,000
$8,800
$10,800
W8
$6,500
$7,150
$8,775
Y2
$10,500
$11,550
$14,175
Z2
$8,500
$9,350
$11,475
P1
$2,000
$2,200
$2,700
P6
$2,000
$2,200
$2,700


Intra-Commodity Spread Tiers for W1, W3, W8, Y2, Z2, P1 and P6
 
Tiers
New
1
All Months


NYMEX Division Intra-Commodity Spread Margins on W1, W3, W8, Y2, Z2, P1 and P6
 
Commodity
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
New
New
W1
$850
$935
$1,148
W3
$800
$880
$1,080
W8
$650
$715
$878
Y2
$1,050
$1,155
$1,418
Z2
$850
$935
$1,148
P1
$200
$220
$270
P6
$200
$220
$270


Spot Assessment Margins For P1 and P6
 
Commodity
Clearing Member Assessments
Member Customer Assessments
Non-Member Customer Assessments
New
New
New
P1
$3,000
$3,300
$4,050
P6
$3,000
$3,300
$4,050

Should you have any questions or require any further information, please contact ExchangeInformation@cmegroup.com
.