Performance Bond (Margin) Advisory Notices
To Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
From CME Clearing
Subject Revised Performance Bond Requirement Changes - Effective Wednesday, September 10, 2008
Notice Date 2008-09-10
Notice Number 08-220
Effective Date 2008-09-10
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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 Wednesday, September 10 th, 2008.
 
MARGIN RATE CHANGES FOR SO2 EMISSION ALLOWANCE FUTURES (RS), EUROPEAN UNION ALLOWANCE FUTURES (RC), ANNUAL NOX EMISSION ALLOWANCE-VINTAGE 2009-FUTURES (WW), ANNUAL NOX EMISSION ALLOWANCE-VINTAGE 2010-FUTURES (YP), SEASONAL NOX EMISSION ALLOWANCE-CURRENT VINTAGE-FUTURES (RN).
 
Note: The corrections are in bold
 
NYMEX Clearinghouse Outright (Scan) Margins on RS,RC,WW,YP, and RN
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
RS
$5,000
$9,000
$5,500
$9,900
$6,750
$12,150
RC
€ 2,000
€ 4,000
€ 2,200
€ 4,400
€ 2,700
€ 5,400
WW
$5,000
$9,000
$5,500
$9,900
$6,750
$12,150
YP
$2,000
$5,000
$2,200
$5,500
$2,700
$6,750
RN
$2,500
$1,000
$2,750
$1,100
$3,375
$1,350

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