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 Monday, September 8, 2008
Notice Date 2008-09-05
Notice Number 08-213
Effective Date 2008-09-08
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 at the close of business on Monday, September 8 th, 2008.
 
MARGIN RATE CHANGES FOR CENTRAL APPALACHIAN (CAPP) COAL FUTURES (QL)
 
Note: The revised margins are in bold
 
 
NYMEX Clearinghouse Outright (Scan) Margins on QL
Contract
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
QL
$20,000
$25,000
$22,000
$27,500
$27,000
$33,750


Printer friendly version...