Chadv08-285 - CME Group

Performance Bond Requirement Changes - Effective Wednesday, October 22, 2008

- To
- Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
- From
- CME Clearing
- #
- 08-285
- Notice Date
- 21 October 2008
- Effective Date
- 22 October 2008

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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 Wednesday, October 22^nd, 2008.

INTRA-SPREAD TIER CHANGES FOR CRUDE OIL FUTURES CONTRACT (CL), FINANCIAL CRUDE OIL CONTRACT (WS), CRUDE OIL CALENDAR SWAP (CS), and NYMEX miNY CRUDE OIL CONTRACT (QM)

Note: The revisions are in bold.

CL/WS/CS Intra -Commodity Spread Tiers
Tiers	New	Old
1	1^st Nearby	1st Nearby
2	2nd - 13th Nearby	2nd - 14th Nearby
3	14th - 37th Nearby	15th - 38th Nearby
4	Greater than the 37th Nearby	Greater than the 38th Nearby

NYMEX Division Outright (Scan) Margins on Crude Oil Futures Contract (CL),Financial Crude Oil Contract ( WS) and Crude Oil Calendar Swap (CS)
Tiers	Clearing Member / Maintenance Margin		Member Customer Initial Margin		Non-Member Customer Initial Margin
	New	Old	New	Old	New	Old
1	$450	$450	$495	$495	$608	$608
2	$400	$400	$440	$440	$540	$540
3	$400	$300	$440	$330	$540	$405
4	$400	$300	$440	$330	$540	$405

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