Performance Bond (Margin) Advisory Notices
To Clearing Member Firms
From CME Clearing
Subject Performance Bond Requirement Changes -- Effective Monday, September 22, 2008
Notice Date 2008-09-19
Notice Number 08-231
Effective Date 2008-09-22
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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 product listed below. These margins will become effective with the launch of this product on Monday, September 22, 2008.
 
 
CME Interest Rate Futures Outright Rates
 
7 Year Interest Rate Swap (7I)
 
Rate Type
 
Change
New
Initial
New
Maintenance
Spec
N/A
$2,430
$1,800
Hedge/Member
N/A
$1,800
$1,800