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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, July 6th, 2009.
OUTRIGHT AND INTRA-SPREAD MARGIN RATE, AND TIER CHANGES FOR:
HEATING OIL (HO)
NEW YORK HARBOR HEATING OIL CALENDAR SWAP (MP)
HEATING OIL – FINANCIAL CONTRACT (BH)
Note: The revised margins are in bold
HO/MP/BH/QH Intra-Commodity Spread and Scan Tiers |
||
Tiers |
New |
Old |
1 |
1st Nearby |
1st Nearby |
2 |
2nd Nearby |
2nd Nearby |
3 |
3rd Nearby |
3rd - 4th Nearby |
4 |
Greater than the 3rd Nearby |
Greater than the 4th Nearby |