• Performance Bond Requirement Changes - Effective Monday, November 17, 2008

      • To
      • Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 08-347
      • Notice Date
      • 14 November 2008
      • Effective Date
      • 17 November 2008
    • 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 Monday, November 17th, 2008.
       
      Contract Name
      Symbol
      Gasoil (ICE) Mini Calendar Swap
      QA
       
       
      Outright (Scan) Margins on QA
      Contract
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Customer Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      QA-Tier 1
      $7,000
      $4,000
      $7,700
      $4,400
      $9,450
      $5,400
      QA-Tier 2
      $7,000
      $3,500
      $7,700
      $3,850
      $9,450
      $4,725
      QA-Tier 3
      $7,000
      $3,000
      $7,700
      $3,300
      $9,450
      $4,050
      QA-Tier 4
      $7,000
      $2,500
      $7,700
      $2,750
      $9,450
      $3,375
       
       
      Beginning on the close of business day of November 17, 2008, the margin rate of Gasoil (ICE) Mini Calendar Swap Contract (QA) will be reported under the Business Function Combined Commodity (BFCC) Code of European Gasoil (ICE) Calendar Swap (GX). Any margin rates, tier structures, and spread credits related to GX will be applied to QA.
       

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2025 CME Group Inc. All rights reserved.