Performance Bond (Margin) Advisory Notices
To | Clearing Member Firms; Chief Financial Officers; Back Office Manager; Margin Managers
From | CME Clearing
Subject | Performance Bond Requirements-Effective June 11, 2008
Notice Date | 2008-06-10
Notice Number | 08-120
Effective Date | 2008-06-11
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 will be effective with the launch of these products on Wednesday, June 11, 2008 . SPAN ® MINIMUM PERFORMANCE BOND REQUIREMENTS CME Security Futures Outright Rates OneChicago Select Index Y (CME) (XOY)
Rate Type | Change | New Initial | New Maintenance
Clearing/Member Rate | N/A | 8.00% | 8.00%
Customer Rate | N/A | 20.00% | 20.00%
Please contact the Risk Management Department at 312-648-3888, if you have any questions regarding these Performance Bond Changes. Printer Friendly Version...