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

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-199
      • Notice Date
      • 11 May 2009
      • Effective Date
      • 12 May 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 at the close of business on Tuesday, May 12th, 2009, the following changes will apply.
       
       
      Consistent with the policy for initial and maintenance performance bond requirements on CME and CBOT products, Nymex & Comex market users will be subject to the following performance bond requirement schedule:
       
       
      Previous Initial & Maintenance Performance Bond Rate Schedule:
       
      Scale-up
      Clearing Member/ Maintenance
      Member Customer Initial
      Non-Member Customer Initial
      1.0
      1.1
      1.35
       
       
      New Initial & Maintenance Performance Bond Rate Schedule:
       
      Scale-up
      Clearing Member/
      Maintenance
      Member/Hedger
      Customer Initial
      Non-Member/Non-Hedger
      Customer Initial
      1.0
      1.0
      1.35