Notice to Members
Notice No. 507
10/02/2008
Performance Bond Requirement Changes -- OQ and ZG
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 Friday, October 3th, 2008.

MARGIN RATE CHANGES FOR DME OMAN CRUDE OIL FUTURES (OQ) AND DME OMAN CRUDE OIL FINANCIAL FUTURES (ZG) CONTRACTS


Note: The revised margins are in bold

NYMEX Clearinghouse Outright (Scan) Margins on OQ and ZG
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
OQ
$12,500
$11,000
$13,750
$12,100
$16,875
$14,850
ZG
$12,500
$11,000
$13,750
$12,100
$16,875
$14,850
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com