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, February 14, 2008
Notice Date | 2008-02-13
Notice Number | 08-25
Effective Date | 2008-02-14
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 Thursday, February 14, 2008. SPAN ® MINIMUM PERFORMANCE BOND REQUIREMENTS CME Currency Intra-Commodity Spread Rates Russian Ruble (RU)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Spec | Decrease | $3,000 | $2,000 | $1,125 | $750
Hedge/Member | Decrease | $2,000 | $2,000 | $750 | $750
CBOT Agricultural Futures Inter-Commodity Spread Rates Wheat (KCBOT) (KW) vs. Wheat (CBOT) (W) (1:1)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Spread Credit Rate | Decrease | 70.00% | 70.00% | 50.00% | 50.00%
Please contact the Risk Management Department at 312-648-3888, if you have any questions regarding these Performance Bond Changes. Printer Friendly Version...