Performance Bond (Margin) Advisory Notices
To | Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
From | CME Clearing
Subject | Revised Performance Bond Requirement Changes - Effective Wednesday, September 10, 2008
Notice Date | 2008-09-10
Notice Number | 08-220
Effective Date | 2008-09-10
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 Wednesday, September 10 th, 2008. MARGIN RATE CHANGES FOR SO2 EMISSION ALLOWANCE FUTURES (RS), EUROPEAN UNION ALLOWANCE FUTURES (RC), ANNUAL NOX EMISSION ALLOWANCE-VINTAGE 2009-FUTURES (WW), ANNUAL NOX EMISSION ALLOWANCE-VINTAGE 2010-FUTURES (YP), SEASONAL NOX EMISSION ALLOWANCE-CURRENT VINTAGE-FUTURES (RN). Note: The corrections are in bold
NYMEX Clearinghouse Outright (Scan) Margins on RS,RC,WW,YP, and RN
| Clearing Member / Maintenance Margin | Member Customer Initial Margin | Non-Member Customer Initial Margin
| New | Old | New | Old | New | Old
RS | $5,000 | $9,000 | $5,500 | $9,900 | $6,750 | $12,150
RC | € 2,000 | € 4,000 | € 2,200 | € 4,400 | € 2,700 | € 5,400
WW | $5,000 | $9,000 | $5,500 | $9,900 | $6,750 | $12,150
YP | $2,000 | $5,000 | $2,200 | $5,500 | $2,700 | $6,750
RN | $2,500 | $1,000 | $2,750 | $1,100 | $3,375 | $1,350
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