Performance Bond (Margin) Advisory Notices
To | Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Manager
From | CME Clearing
Subject | Performacne
Notice Date | 2008-10-27
Notice Number | 08-294
Effective Date | 2008-10-27
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 with the launch of the product on Monday, October 27 th, 2008. CME Index Futures Outright Rates S&P 500 Index (EURO) (EME)
Rate Type | Change | New Initial | New Maintenance
Spec | NEW | EUR5,625 | EUR4,500
Hedge/Member | NEW | EUR4,500 | EUR4,500
CME Index Futures Intra-Commodity Spread Rates S&P 500 Index (EURO) (EME) - All Months
Rate Type | Change | New Initial | New Maintenance
Spec | NEW | EUR38 | EUR30
Hedge/Member | NEW | EUR30 | EUR30
CME Index Futures Inter-Commodity Spread Rates S&P 500 Index (EURO) (EME) vs. E-Mini S&P 500 (ES) (10:13)
Rate Type | Change | New Initial | New Maintenance
Spread Credit Rate | NEW | 99.00% | 99.00%
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