• Performance Bond Requirement Changes - Effective Tuesday, July 29, 2008

      • To
      • Clearing Member Firms;Cheif Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 08-164
      • Notice Date
      • 28 July 2008
      • Effective Date
      • 29 July 2008
    •  
      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 after the close of business on Tuesday, July 29, 2008.
       
       
       
      CBOT Agricultural Futures Outright Rates
       
      Soybean Crush Option Spread (CBOT) (31)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Spec
      Decrease
      $13,264
      $9,825
      $9,518
      $7,050
      Hedge/Member
      Decrease
      $9,825
      $9,825
      $7,050
      $7,050
       
      CBOT Agricultural Futures Inter-Commodity Spread Rates
       
      Soymeal (CBOT) (06) vs. Soybean Oil (CBOT) (07) vs. Soybean (CBOT) (S)   Crush (1:1:1)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Spread Credit Rate
      Increase
      85.00%
      85.00%
      90.00%
      90.00%
      Spread Credit Rate
      Increase
      85.00%
      85.00%
      90.00%
      90.00%
       
      Soymeal (CBOT) (06) vs. Soybean Oil (CBOT) (07) vs. Soybean (CBOT) (S)   Crush (11:9:10)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Spread Credit Rate
      Increase
      85.00%
      85.00%
      90.00%
      90.00%
      Spread Credit Rate
      Increase
      85.00%
      85.00%
      90.00%
      90.00%
       

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