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

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-239
      • 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 Thursday, June 4th, 2009.
       
      CME Energy Futures Outright Rates
       
      CENTRAL APPALACHIAN COAL FUTURES - (QL)
      Rate Type
      Change
      Current
      New
      Non-Member Customer Initial Rate
      Decrease
      $20,250
      $14,850
      Clearing Member/Hedger/Member Initial & Maintenance Rate
      Decrease
      $15,000
      $11,000
      EASTERN RAIL CSX COAL SWAP FUTURES - (QX)
       
       
       
      Rate Type
      Change
      Current
      New
      Non-Member Customer Initial Rate
      Decrease
      $12,150
      $9,450
      Clearing Member/Hedger/Member Initial & Maintenance Rate
      Decrease
      $9,000
      $7,000