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, August 14, 2008.
Notice Date 2008-08-13
Notice Number 08-182
Effective Date 2008-08-14
 
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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, August 14, 2008.
 
CBOT Agricultural Futures Outright Rates
 
Wheat (CBOT) (W)
 
Rate Type
 
Change
Current
Initial
Current
Maintenance
New
Initial
New
Maintenance
Speculative - Old Crop
Increase
$3,645
$2,700
$4,050
$3,000
Hedge/Member - Old Crop
Increase
$2,700
$2,700
$3,000
$3,000
Speculative - New Crop
Increase
$3,645
$2,700
$4,050
$3,000
Hedge/Member - New Crop
Increase
$2,700
$2,700
$3,000
$3,000
Delivery Month - Spec
Increase
$3,645
$2,700
$4,050
$3,000
Delivery Month - Hedge/Member
Increase
$2,700
$2,700
$3,000
$3,000
 
Mini-Wheat (CBOT) (YW)
 
Rate Type
 
Change
Current
Initial
Current
Maintenance
New
Initial
New
Maintenance
Speculative - Old Crop
Increase
$729
$540
$810
$600
Hedge/Member - Old Crop
Increase
$540
$540
$600
$600
Speculative - New Crop
Increase
$729
$540
$810
$600
Hedge/Member - New Crop
Increase
$540
$540
$600
$600
Delivery Month - Spec
Increase
$729
$540
$810
$600
Delivery Month - Hedge/Member
Increase
$540
$540
$600
$600