• Performance Bond Requirement Changes - Effective Friday, July 24th, 2009

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-299
      • Notice Date
      • 14 July 2009
      • Effective Date
      • 24 July 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 July 24th, 2009.
         

      CME Equity Futures Outright Rates

       

      Financial SPCTR Futures – (FS)
      Rate Type
      Change
      Current
      New
      Non-Member Customer Initial Rate
      Increase
      $3,375
      $6,750
      Clearing Member/Hedger/Member Initial & Maintenance Rate
      Increase
      $2,500
      $5,000
      Technology SPCTR Futures – (TS)
      Rate Type
      Change
      Current
      New
      Non-Member Customer Initial Rate
      Increase
      $1,890
      $3,780
      Clearing Member/Hedger/Member Initial & Maintenance Rate
      Increase
      $1,400
      $2,800
       
       
      CME Equity Futures Intra Spread Rates
       
      Financial SPCTR Futures – (FS) - All Months
      Rate Type
      Change
      Current
      New
      Non-Member Customer Initial Rate
      Increase
      $473
      $945
      Clearing Member/Hedger/Member Initial & Maintenance Rate
      Increase
      $350
      $700
      Technology SPCTR Futures – (TS) - All Months
      Rate Type
      Change
      Current
      New
      Non-Member Customer Initial Rate
      Increase
      $169
      $338
      Clearing Member/Hedger/Member Initial & Maintenance Rate
      Increase
      $125
      $250