10/24/2008
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, October 27th, 2008.
MARGIN RATE CHANGES FOR THE CLEARPORT PETROLEUM RELATED SWAP FUTURES
| New Petroleum Swap Futures | Commodity code |
| European Jet Kero Rotterdam Calendar Swap | UR |
| Gasoil 0.1 Cargoes CIF NWE Swap | TW |
| Gasoil 10ppm Cargoes CIF NWE Swap | TY |
| Gasoil 0.1 Barges FOB Rdam v. ICE Gasoil Swap | WQ |
Note: The revised margins are in bold
NYMEX Division Outright (Scan) Margins on UR, TW,
TY and WQ
| |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
| |
New |
Old |
New |
Old |
New |
Old |
UR |
$72,500 |
$22,000 |
$79,750 |
$24,200 |
$97,875 |
$29,700 |
TW |
$72,000 |
$41,000 |
$79,200 |
$45,100 |
$97,200 |
$55,350 |
TY |
$74,500 |
$39,500 |
$81,950 |
$43,450 |
$100,575 |
$53,325 |
WQ |
$7,500 |
$6,000 |
$8,250 |
$6,600 |
$10,125 |
$8,100 |