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 3, 2008
Notice Date 2008-10-02
Notice Number Chadv08-263
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 DME Oman Crude Oil Futures (OQ) and DME Oman Crude Oil Financial Futures (ZG) Contracts
 
Note: The revised margins are in bold
 
 
NYMEX Clearinghouse Outright (Scan) Margins on OQ and ZG
Contract
DME Clearing Member Initial Margin / Maintenance Margin
DME Member or NYMEX Member Initial Margin
DME Guaranteed Customer (Non-Member) Initial Margin
 
New
Old
New
Old
New
Old
OQ
$12,500
$11,000
$13,750
$12,100
$16,875
$14,850
ZG
$12,500
$11,000
$13,750
$12,100
$16,875
$14,850