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, August 14, 2008.
Notice Date | 2008-08-13
Notice Number | 08-182
Effective Date | 2008-08-14
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 Thursday, August 14, 2008. CBOT Agricultural Futures Outright Rates Wheat (CBOT) (W)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Speculative - Old Crop | Increase | $3,645 | $2,700 | $4,050 | $3,000
Hedge/Member - Old Crop | Increase | $2,700 | $2,700 | $3,000 | $3,000
Speculative - New Crop | Increase | $3,645 | $2,700 | $4,050 | $3,000
Hedge/Member - New Crop | Increase | $2,700 | $2,700 | $3,000 | $3,000
Delivery Month - Spec | Increase | $3,645 | $2,700 | $4,050 | $3,000
Delivery Month - Hedge/Member | Increase | $2,700 | $2,700 | $3,000 | $3,000
Mini-Wheat (CBOT) (YW)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Speculative - Old Crop | Increase | $729 | $540 | $810 | $600
Hedge/Member - Old Crop | Increase | $540 | $540 | $600 | $600
Speculative - New Crop | Increase | $729 | $540 | $810 | $600
Hedge/Member - New Crop | Increase | $540 | $540 | $600 | $600
Delivery Month - Spec | Increase | $729 | $540 | $810 | $600
Delivery Month - Hedge/Member | Increase | $540 | $540 | $600 | $600
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