Performance Bond (margin) Advisory Notice
To | Back Office Managers, Margin Managers, Service Bureau Representatives
From | Risk Control Department
Subject | Performance Bond Requirements - January 22, 2001
Effective Date | 01/18/01
Notice Number | 01-08
This document can be received electronically. Send an E-Mail to lists@cme.com with the text �subscribe pbrates� in the body of the message to subscribe. On Wednesday, January 17, 2001, the Clearing House Performance Bond staff reviewed price volatility statistics for the Live Cattle contracts and approved the performance bond requirements described below. These requirements will become effective on Monday, January 22, 2001. Agricultural Futures Outright Rates Live Cattle (LC)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Spec | Increase | $540 | $400 | $675 | $500
Hedge/Member | Increase | $400 | $400 | $500 | $500
Delivery Month - Spec | Increase | $540 | $400 | $675 | $500
Delivery Month - Hedge/Member | Increase | $400 | $400 | $500 | $500