Notice to Members
Notice No. 498
09/30/2008
Performance Bond Requirement Changes -- Tier Changes for HO/MP/BH/QH
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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 1st, 2008.

TIER CHANGES FOR HEATING OIL (HO), NEW YORK HARBOR HEATING OIL CALENDAR SWAP (MP), HEATING OIL – FINANCIAL CONTRACT (BH) AND NYMEX miNY™ HEATING OIL (QH)

Note: The revised margin Tiers are in bold.


HO/MP/BH/QH Intra-Commodity Spread and Scan Tiers
 
Tiers
New
Old†*
1
1st Nearby
1st Nearby
2
2nd - 5th Nearby
2nd Nearby
3
6th - 12th Nearby
3rd - 6th Nearby
4
Greater than 12th Nearby
Greater than 6th Nearby
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com