• Performance Bond Requirements-Effective Wednesday, June 11, 2008

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 08-120
      • Notice Date
      • 10 June 2008
      • Effective Date
      • 11 June 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 will be effective with the launch of these products on Wednesday, June 11, 2008
       
       
      SPAN® MINIMUM PERFORMANCE BOND REQUIREMENTS
       
       
      CME Security Futures Outright Rates
       
      OneChicago Select Index Y (CME) (XOY)
       
      Rate Type
       
      Change
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      N/A
      8.00%
      8.00%
      Customer Rate
      N/A
      20.00%
      20.00%
       
      Please contact the Risk Management Department at 312-648-3888, if you have any questions regarding these Performance Bond Changes.