• PB Requirement Changes--Effective August 14, 2009--CME Agricultural Futures

      • To
      • Clearing Member Firms and Back Office Managers
      • From
      • CME Clearing
      • #
      • 09-352
      • Notice Date
      • 14 August 2009
      • Effective Date
      • 14 August 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.
       
      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 Friday, August 14, 2009.
       
       
      CME Agricultural Futures Spot Add-On Rates
       
      Frozen Pork Bellies (PB)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      Decrease
      $1,000
      $1,000
      $0
      $0
      Customer Rate
      Decrease
      $1,350
      $1,000
      $0
      $0
       
      CME Agricultural Futures Rates
       
      Frozen Pork Bellies (PB)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      No Change
      $1,200
      $1,200
      $1,200
      $1,200
      Customer Rate
      No Change
      $1,620
      $1,200
      $1,620
      $1,200