• Performance Bond Requirement Changes - Effective June 4th, 2009

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-237
      • Notice Date
      • 03 June 2009
      • Effective Date
      • 04 June 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 June 4th, 2009.
       
      CME Agriculture Futures Inter Spread Rates
       
      DAIRY CRACK SPREAD - MILK CLASS IV vs. NONFAT DRY MILK vs. BUTTER  +DK:-NF:-DB - (5:2:1)
      Rate Type
      Change
      Current
      New
      Inter Commodity Spread Credit
      New
      N/A
      60%
       
      DAIRY CRACK SPREAD - MILK CLASS IV vs. NONFAT DRY MILK vs. CASH BUTTER  +DK:-NF:-CB - (5:2:2)
      Rate Type
      Change
      Current
      New
      Inter Commodity Spread Credit
      New
      N/A
      60%
       
       
       

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