Performance Bond (margin) Advisory Notice
To | Chief Financial Officers, Back Office Managers, Margin Managers
From | Clearing House
Subject | Performance Bond Requirements - August 22, 2001
Effective Date | 08/22/01
Notice Number | 01-60
The Clearing House Performance Bond staff review price volatility statistics for the Frozen Pork Bellies contracts and approved the performance bond requirement changes described below. These requirement changes will become effective at the close of business on Wednesday, August 22, 2001. SPAN� MINIMUM PERFORMANCE BOND REQUIREMENTS Agricultural Products, Outright s Frozen Pork Bellies (PB)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Delivery Month - Spec | Increase | $1,620 | $1,200 | $4,860 | $3,600
Delivery Month - Hedge/Member | Increase | $1,200 | $1,200 | $3,600 | $3,600
Agricultural Futures Intra-Commodity Spread Rates Frozen Pork Bellies (PB) - old (old crop year vs. new crop year)
Rate Type | Change | Current Initial | Current Maintenance | New Initial | New Maintenance
Intra-Commodity Spread Delivery Month - Spec | Increase | $1,620 | $1,200 | $4,860 | $3,600
Intra-Commodity Spread Delivery Month - Hedge | Increase | $1,200 | $1,200 | $3,600 | $3,600
Please contact the Risk Management Department at 312/648-3888, if you have any questions regarding these performance bond changes. 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 subcribe.