Performance Bond (Margin) Advisory Notices
To | Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
From | CME Clearing
Subject | Performance Bond Requirement Changes-Effective Tuesday, February 12, 2008
Notice Date | 2008-02-12
Notice Number | 08-23
Effective Date | 2008-02-12
To receive advanced notification of Performance Bond (margin) changes, through our free automated mailing list, go to: https:// www.cme-ch.com/listserve/addlistserve.asp 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., Performance Bond staff approved the performance bond requirements for the following products listed below. These margins are effective close of business on Tuesday, February 12, 2008. SPAN ® MINIMUM PERFORMANCE BOND REQUIREMENTS CBOT Agricultural Futures Outright Rates Wheat (CBOT) (W)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Speculative - New Crop | Increase | $3,038 | $2,250 | $4,050 | $3,000
Hedge/Member - New Crop | Increase | $2,250 | $2,250 | $3,000 | $3,000
Mini-Wheat (CBOT) (YW)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Speculative - New Crop | Increase | $608 | $450 | $810 | $600
Hedge/Member - New Crop | Increase | $450 | $450 | $600 | $600
Please contact the Risk Management Department at 312-648-3888, if you have any questions regarding these Performance Bond Changes. Printer Friendly Version...