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, November 17th, 2008
Notice Date 2008-11-13
Notice Number 08-344
Effective Date 2008-11-17
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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 Monday, November 17 th, 2008.
 
NEW TIER STRUCTURE AND MARGIN RATE CHANGES FOR THE CLEARPORT BRENT CLENDAR SWAP FUTURES (CY), BRENT BULLET SWAP FUTURES (BB) AND BRENT CRUDE OIL-LAST DAY FUTURES (BZ)
 
 
Note: The revised margins are in bold
 
CME Clearing House Outright (Scan) Margins for CY, BB and BZ
Contract
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
CY
$8,500
$9,500
$9,350
$10,450
$11,475
$12,825
BB
$8,500
$9,500
$9,350
$10,450
$11,475
$12,825
BZ
$8,500
$9,500
$9,350
$10,450
$11,475
$12,825