Performance Bond (Margin) Advisory Notices
To Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Manager
From CME Clearing
Subject Performacne
Notice Date 2008-10-27
Notice Number 08-294
Effective Date 2008-10-27
To receive advanced notification of Performance Bond (margin) changes, through our free automated mailing list, go to: http://www.cmegroup.com/newsletter/web2lead/web2sf-old.html 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., Clearing House Risk Management staff approved the performance bond requirements for the following products listed below. The rates are effective with the launch of the product on Monday, October 27 th, 2008.
CME Index Futures Outright Rates
 
S&P 500 Index (EURO) (EME)
 
Rate Type
 
Change
New
Initial
New
Maintenance
Spec
NEW
EUR5,625
EUR4,500
Hedge/Member
NEW
EUR4,500
EUR4,500
 
CME Index Futures Intra-Commodity Spread Rates
 
S&P 500 Index (EURO) (EME) - All Months 
 
Rate Type
 
Change
New
Initial
New
Maintenance
Spec
NEW
EUR38
EUR30
Hedge/Member
NEW
EUR30
EUR30
 
CME Index Futures Inter-Commodity Spread Rates
 
S&P 500 Index (EURO) (EME) vs. E-Mini S&P 500 (ES)   (10:13)
 
Rate Type
 
Change
New
Initial
New
Maintenance
Spread Credit Rate
NEW
99.00%
99.00%