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
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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 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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