Performance Bond (Margin) Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | Performance Bond Requirement Changes -- Effective Monday, September 22, 2008
Notice Date | 2008-09-19
Notice Number | 08-231
Effective Date | 2008-09-22
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 product listed below. These margins will become effective with the launch of this product on Monday, September 22, 2008. CME Interest Rate Futures Outright Rates 7 Year Interest Rate Swap (7I)
Rate Type | Change | New Initial | New Maintenance
Spec | N/A | $2,430 | $1,800
Hedge/Member | N/A | $1,800 | $1,800
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