To receive advanced notification of Performance Bond (margin)
changes, through our free automated mailing list, go to:
https://
www.cme-ch.com/listserve/addlistserve.asp
and subscribe to the Performance Bond Rates Advisory Notices listserver.
As per the normal review of market volatility to ensure adequate collateral
coverage, the Chicago Mercantile Exchange Inc., Performance Bond staff approved the performance
bond requirements for the following products listed below. These margins are effective close of
business on
Monday, February 11, 2008.
These Performance Bond changes replace those published in Advisory Notice 08-19.
SPAN
® MINIMUM PERFORMANCE BOND REQUIREMENTS
CBOT Agricultural Futures Outright Rates
Wheat (CBOT) (W)
|
Rate Type
|
Change
|
Current
Initial
|
Current
Maintenance
|
New
Initial
|
New
Maintenance
|
|
Speculative - Old Crop
|
Increase
|
$3,038
|
$2,250
|
$4,050
|
$3,000
|
|
Hedge/Member - Old Crop
|
Increase
|
$2,250
|
$2,250
|
$3,000
|
$3,000
|
|
Speculative - New Crop
|
N/A
|
$3,038
|
$2,250
|
$3,038
|
$2,250
|
|
Hedge/Member - New Crop
|
N/A
|
$2,250
|
$2,250
|
$2,250
|
$2,250
|
CBOT Agricultural Futures Intra-Commodity Spread Rates
Wheat (CBOT) (W)
|
Rate Type
|
Change
|
Current
Initial
|
Current
Maintenance
|
New
Initial
|
New
Maintenance
|
|
Speculative
|
Increase
|
$945
|
$700
|
$1.890
|
$1,400
|
|
Hedge/Member
|
Increase
|
$700
|
$700
|
$1,400
|
$1,400
|
Please contact the Risk Management Department at 312-648-3888, if you have any
questions regarding these Performance Bond Changes.
|