Performance Bond (Margin) Advisory Notices
To Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
From CME Clearing
Subject Performance Bond Requirement Changes - Effective Friday, October 3rd, 2008
Notice Date 2008-10-01
Notice Number 08-258
Effective Date 2008-10-03
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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 Friday, October 3 rd, 2008.
 
MARGIN RATE CHANGES FOR Western Rail Powder River Basin (PRB) Coal Swap Futures (QP) and Eastern Rail CSX Coal Swap Futures (QX)
 
 
  Note: The revised margins are in bold
 
 
Outright (Scan) Margins For QP and QX
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
QP
$2,500
$1,500
$2,750
$1,650
$3,375
$2,025
QX
$18,000
$20,000
$19,800
$22,000
$24,300
$27,000