• Performance Bond Requirement Changes -- Effective Thursday, August 14, 2008.

      • To
      • Clearing Member Firms, Chief Financial Officers, Back Office Managers, Margin Managers.
      • From
      • CME Clearing
      • #
      • 08-182
      • Notice Date
      • 13 August 2008
      • Effective Date
      • 14 August 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 Thursday, August 14, 2008.
       
      CBOT Agricultural Futures Outright Rates
       
      Wheat (CBOT) (W)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Speculative - Old Crop
      Increase
      $3,645
      $2,700
      $4,050
      $3,000
      Hedge/Member - Old Crop
      Increase
      $2,700
      $2,700
      $3,000
      $3,000
      Speculative - New Crop
      Increase
      $3,645
      $2,700
      $4,050
      $3,000
      Hedge/Member - New Crop
      Increase
      $2,700
      $2,700
      $3,000
      $3,000
      Delivery Month - Spec
      Increase
      $3,645
      $2,700
      $4,050
      $3,000
      Delivery Month - Hedge/Member
      Increase
      $2,700
      $2,700
      $3,000
      $3,000
       
      Mini-Wheat (CBOT) (YW)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Speculative - Old Crop
      Increase
      $729
      $540
      $810
      $600
      Hedge/Member - Old Crop
      Increase
      $540
      $540
      $600
      $600
      Speculative - New Crop
      Increase
      $729
      $540
      $810
      $600
      Hedge/Member - New Crop
      Increase
      $540
      $540
      $600
      $600
      Delivery Month - Spec
      Increase
      $729
      $540
      $810
      $600
      Delivery Month - Hedge/Member
      Increase
      $540
      $540
      $600
      $600

       

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