Performance Bond (Margin) Advisory Notices
To | Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
From | CME Clearing
Subject | Performance Bond Requirements-Effective Thursday, September 4, 2008
Notice Date | 2008-09-03
Notice Number | 08-208
Effective Date | 2008-09-04
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 Thursday, September 4, 2008. CME Currency Futures Outright Rates Australian Dollar (AD)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Spec | Increase | $2,025 | $1,500 | $2,700 | $2,000
Hedge/Member | Increase | $1,500 | $1,500 | $2,000 | $2,000
British Pound (BP)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Spec | Increase | $2,025 | $1,500 | $2,295 | $1,700
Hedge/Member | Increase | $1,500 | $1,500 | $1,700 | $1,700
FXMS Currency Spot Outright Rates Australian Dollar Spot (AUDUS)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Spec | Increase | $2,025 | $1,500 | $2,700 | $2,000
Hedge/Member | Increase | $1,500 | $1,500 | $2,000 | $2,000
British Pound Spot (GBPUS)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Spec | Increase | $2,025 | $1,500 | $2,295 | $1,700
Hedge/Member | Increase | $1,500 | $1,500 | $1,700 | $1,700
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