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 Thursday, October 3rd, 2008
Notice Date | 2008-10-01
Notice Number | 08-257
Effective Date | 2008-10-03
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 Cocoa Futures (CJ) and Coffee Futures (KT) Note: The revised margins are in bold
Outright (Scan) Margins For CJ and KT
Tiers | Clearing Member / Maintenance Margin | Member Customer Initial Margin | Non-Member Customer Initial Margin
| New | Old | New | Old | New | Old
CJ | $2,500 | $3,000 | $2,750 | $3,300 | $3,375 | $4,050
KT | $3,500 | $4,000 | $3,850 | $4,400 | $4,725 | $5,400
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