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 Monday, February 11, 2008
Notice Date | 2008-02-11
Notice Number | 08-21
Effective Date | 2008-02-11
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 Monday, February 11, 2008. These Performance Bond changes replace those published in Advisory Notice 08-19. SPAN ® MINIMUM PERFORMANCE BOND REQUIREMENTS CBOT Agricultural Futures Outright Rates Wheat (CBOT) (W)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Speculative - Old Crop | Increase | $3,038 | $2,250 | $4,050 | $3,000
Hedge/Member - Old Crop | Increase | $2,250 | $2,250 | $3,000 | $3,000
Speculative - New Crop | N/A | $3,038 | $2,250 | $3,038 | $2,250
Hedge/Member - New Crop | N/A | $2,250 | $2,250 | $2,250 | $2,250
CBOT Agricultural Futures Intra-Commodity Spread Rates Wheat (CBOT) (W)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Speculative | Increase | $945 | $700 | $1.890 | $1,400
Hedge/Member | Increase | $700 | $700 | $1,400 | $1,400
Please contact the Risk Management Department at 312-648-3888, if you have any questions regarding these Performance Bond Changes. Printer Friendly Version...