• Performance Bond Requirement Changes - Effective Wednesday, July 23, 2008

      • To
      • Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 08-157
      • Notice Date
      • 22 July 2008
      • Effective Date
      • 23 July 2008
    •  
      To receive advanced notification of Performance Bond (margin) changes, through our free automated mailing list, go to: ttp://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 will be effective with the launch of these products on Wednesday, July 23, 2008.
       
       
       
      CME Security Futures Outright Rates
       
       
      Allianz SE (ALZ)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      10.00%
      10.00%
      Customer Rate
      NA
      20.00%
      20.00%
       
      Barclays PLC (BC9)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      12.00%
      12.00%
      Customer Rate
      NA
      20.00%
      20.00%
       
       
       
       
      Credit Suisse Group (CSG)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      12.00%
      12.00%
      Customer Rate
      NA
      20.00%
      20.00%


      Performance Bond Advisory 08-157 July 22, 2008 Page 2 of 4
      Deutsche Bank AG (DB9)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      8.00%
      8.00%
      Customer Rate
      NA
      20.00%
      20.00%
       
      Federal Home Loan Mortgage Corporation {Freddie Mac} (FY)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      30.00%
      30.00%
      Customer Rate
      NA
      30.00%
      30.00%
       
      HSBC Holdings PLC (HBC)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      9.00%
      9.00%
      Customer Rate
      NA
      20.00%
      20.00%
       
      Mizuho Financial Group, Inc. (MFG)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      10.00%
      10.00%
      Customer Rate
      NA
      20.00%
      20.00%
       
      The Royal Bank of Scotland Group PLC (RBS)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      22.00%
      22.00%
      Customer Rate
      NA
      22.00%
      22.00%
       
      UBS AG (UBS)
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      21.00%
      21.00%
      Customer Rate
      NA
      21.00%
      21.00%


      Performance Bond Advisory 08-157 July 22, 2008 Page 3 of 4
      CME Security Futures Intra-Commodity Spread Rates Allianz SE (ALZ) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
       
       
       
       
      Barclays PLC (BC9) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
      Credit Suisse Group (CSG) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
      Deutsche Bank AG (DB9) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
      Federal Home Loan Mortgage Corporation {Freddie Mac} (FY) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
      HSBC Holdings PLC (HBC) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%


      Mizuho Financial Group, Inc. (MFG) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
      The Royal Bank of Scotland Group PLC (RBS) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
      UBS AG (UBS) - All Months
      Rate Type
      Change
      New Initial
      New Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
       

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