• Performance Bond Requirement Changes - Effective Tuesday, May 12th, 2009

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-197
      • Notice Date
      • 11 May 2009
      • Effective Date
      • 12 May 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 rates are effective at the close of business on Tuesday, May 12th, 2009.
      CBOT Agricultural Futures Inter-Commodity Spread Rates
      The following spread ratios will be changing:
                              Spread                                     Old Ratio          New Ratio
      Corn (CBOT) (C)  vs. Ethanol (CBOT) (EH)          (1:2)                  (2:1)
      Rate Type
      Spread Credit Rate
      New Ratio