Notice to Members
Notice No. 466
09/05/2008
Performance Bond Requirement Changes – Central Appalachian (CAPP) Coal Futures
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, September 8th, 2008.

MARGIN RATE CHANGES FOR CENTRAL APPALACHIAN (CAPP) COAL FUTURES (QL) CONTRACTS

Note: The revised margins are in bold


NYMEX Clearinghouse Outright (Scan) Margins on QL
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
QL $20,000 $25,000 $22,000 $27,500 $27,000 $33,750

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