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

      • To
      • Clearing Member Firms, Chief Financial Officers, Back Office Managers, Margin Managers
      • From
      • CME Clearing
      • #
      • 08-344
      • Notice Date
      • 13 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.
       
      NEW TIER STRUCTURE AND MARGIN RATE CHANGES FOR THE CLEARPORT BRENT CLENDAR SWAP FUTURES (CY), BRENT BULLET SWAP FUTURES (BB) AND BRENT CRUDE OIL-LAST DAY FUTURES (BZ)
       
       
      Note: The revised margins are in bold
       
      CME Clearing House Outright (Scan) Margins for CY, BB and BZ
      Contract
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Customer Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      CY
      $8,500
      $9,500
      $9,350
      $10,450
      $11,475
      $12,825
      BB
      $8,500
      $9,500
      $9,350
      $10,450
      $11,475
      $12,825
      BZ
      $8,500
      $9,500
      $9,350
      $10,450
      $11,475
      $12,825
       

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