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 Friday, October 3, 2008
Notice Date | 2008-10-02
Notice Number | Chadv08-263
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 3 rd, 2008. MARGIN RATE CHANGES FOR DME Oman Crude Oil Futures (OQ) and DME Oman Crude Oil Financial Futures (ZG) Contracts Note: The revised margins are in bold
NYMEX Clearinghouse Outright (Scan) Margins on OQ and ZG
Contract | 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 | $12,500 | $11,000 | $13,750 | $12,100 | $16,875 | $14,850
ZG | $12,500 | $11,000 | $13,750 | $12,100 | $16,875 | $14,850
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