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 3rd, 2008
Notice Date 2008-10-01
Notice Number 08-257
Effective Date 2008-10-03
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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 Friday, October 3th, 2008.
 
MARGIN RATE CHANGES FOR Cocoa Futures (CJ) and Coffee Futures (KT)
 
 
  Note: The revised margins are in bold
 
 
Outright (Scan) Margins For CJ and KT
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
CJ
$2,500
$3,000
$2,750
$3,300
$3,375
$4,050
KT
$3,500
$4,000
$3,850
$4,400
$4,725
$5,400