• Performance Bond Requirements-Effective Wednesday, August 13, 2008

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 08-181
      • Notice Date
      • 13 August 2008
      • Effective Date
      • 13 August 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 with the launch of these products Wednesday, August 13, 2008.
       
      CME Security Futures Outright Rates
       
      Fuel Tech, Inc. (FTK)
       
      Rate Type
       
      Change
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      NA
      20.00%
      20.00%
      Customer Rate
      NA
      20.00%
      20.00%
       
      CME Security Futures Intra-Commodity Spread Rates
       
      Fuel Tech, Inc. (FTK) - All Months 
       
      Rate Type
       
      Change
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%
       
      Please contact the Risk Management Department at 312-648-3888, if you have any questions regarding these Performance Bond Changes.