• Performance Bond Requirement Changes -- Effective Wednesday, December 17th, 2008

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 08-399
      • Notice Date
      • 16 December 2008
      • Effective Date
      • 17 December 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 Wednesday, December 17th.
      The following spread ratio will change:
      Spread                                                                                     Old Ratio          New Ratio        
      Yen-based Nikkei (N1) vs. NIKKEI 225 Stock Index (NK)              1:1                    9:10