• Performance Bond Requirement Changes-Effective Monday, November 17, 2008

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 08-345
      • 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 17, 2008.
       
      MARGIN RATE CHANGES FOR DME Oman Crude Oil Futures (OQ), DME Oman Crude Oil Financial Futures (ZG) Contracts and dme brent crude oil financial contract (zo)
       
      Note: The revised margins are in bold
       
       
      CME Clearinghouse Outright (Scan) Margins on OQ, ZG and ZO
      Contract
      DME Clearing Member Initial Margin / Maintenance Margin
      DME Member or NYMEX Member Initial Margin
      DME Guaranteed Customer (Non-Member) Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      OQ
      $11,500
      $12,500
      $12,650
      $13,750
      $15,525
      $16,875
      ZG
      $11,500
      $12,500
      $12,650
      $13,750
      $15,525
      $16,875
      ZO
      $8,500
      $9,500
      $9,350
      $10,450
      $11,475
      $12,825

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