• Performance Bond Requirement Changes-Effective Tuesday, February 12, 2008

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 08-23
      • Notice Date
      • 12 February 2008
      • Effective Date
      • 12 February 2008
    •  
      As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Performance Bond staff approved the performance bond requirements for the following products listed below. These margins are effective close of business on Tuesday, February 12, 2008. 
       
       
      SPAN® MINIMUM PERFORMANCE BOND REQUIREMENTS
                             
      CBOT Agricultural Futures Outright Rates
       
      Wheat (CBOT) (W)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Speculative - New Crop
      Increase
      $3,038
      $2,250
      $4,050
      $3,000
      Hedge/Member - New Crop
      Increase
      $2,250
      $2,250
      $3,000
      $3,000
       
      Mini-Wheat (CBOT) (YW)
       
      Rate Type
       
      Change
      Current
      Initial
      Current
      Maintenance
      New
      Initial
      New
      Maintenance
      Speculative - New Crop
      Increase
      $608
      $450
      $810
      $600
      Hedge/Member - New Crop
      Increase
      $450
      $450
      $600
      $600
       
      Please contact the Risk Management Department at 312-648-3888, if you have any questions regarding these Performance Bond Changes.

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