Notice to Members
Notice No. 488
09/23/2008
Performance Bond Requirement Changes (Intra-Spread Tier Changes for CL)
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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, September 24th, 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 margin Tiers are in bold.

CL/WS/CS Intra -Commodity Spread Tiers
 
Tiers
New
Old†*
1
1st Nearby
1st Nearby
2
2nd - 14th Nearby
2nd - 15th Nearby
3
15th - 38th Nearby
16th - 39th Nearby
4
Greater than 38th Nearby
Greater than the 39th Nearby
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com