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 Thursday, October 30, 2008
Notice Date 2008-10-30
Notice Number 08-304
Effective Date 2008-10-30
 
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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 after the close of business Thursday, October 30 th, 2008.
 
CME Currency Futures Outright Rates
 
Cross Rate Canadian Dollar/Japanese Yen (CY)
 
Rate Type
 
Change
Current
Initial
Current
Maintenance
New
Initial
New
Maintenance
Speculative
Increase
¥1,350,000
    ¥1,000,000
¥1,485,000
¥1,100,000
Hedge/Member
Increase
¥1,000,000
¥1,000,000
¥1,100,000
¥1,100,000