Notice No. 585
November 14, 2008



Performance Bond Requirement Changes -- Margins for OQ, ZG and ZO


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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 Monday, November 17th, 2008.

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


Note: The revised margins are in bold



NYMEX Division Outright (Scan) Margins on OQ, ZG and ZO
 
 
DME Clearing Member Initial Margin / Maintenance Margin
DME Member or NYMEX Member Initial Margin
DME Guaranteed Customer (Non-Member) Initial Margin
 
New
Old
New
Old
New
Old
OQ $11,500 $12,500 $12,650 $13,750 $15,525 $16,875
ZG $11,500 $12,500 $12,650 $13,750 $15,525 $16,875
ZO $8,500 $9,500 $9,350 $10,450 $11,475 $12,825


Should you have any questions or require any further information, please contact ExchangeInformation@cmegroup.com