• Performance Bond Requirement Changes -- Effective Tuesday, June 16th, 2009

      • To
      • Clearing Member Firms and Back Office Managers
      • From
      • CME Clearing
      • #
      • 09-244
      • Notice Date
      • 09 June 2009
      • Effective Date
      • 16 June 2009
    • 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.
       

      Effective with the close of business on Tuesday, June 16th, 2009, the following changes will apply.

      1.  The method for calculating SOM charge for Nymex & Comex products will change in order to be consistent with the method for calculating Short Option Minimum (SOM) charge for CME & CBOT products.
      2. New SOM rates for certain products.

       

      For the full text of this advisory, click here.