• Performance Bond Requirement Changes -- Effective Wednesday, April 22nd, 2009

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-160
      • Notice Date
      • 21 April 2009
      • Effective Date
      • 22 April 2009
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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 changes are effective at the close of business on Wednesday, April 22nd, 2009.
       
      TIER CHANGES FOR CRUDE OIL FUTURES CONTRACT (CL), FINANCIAL CRUDE OIL CONTRACT (WS), CRUDE OIL CALENDAR SWAP (CS), and NYMEX miNY CRUDE OIL CONTRACT (QM)
       
      Note: The revisions are in bold.
       
       
       
      CL/WS/CS Intra -Commodity Spread Tiers
      Tiers
      New
      Old
      1
      1st Nearby
      1st Nearby
      2
      2nd - 7th Nearby
      2nd - 8th Nearby
      3
      8th – 31st Nearby
      9th – 32nd Nearby
      4
      Greater than the 31st Nearby
      Greater than the 32nd Nearby