• Performance Bond Requirement Changes–Effective Monday, January 12, 2009

      • To
      • Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 09-08
      • Notice Date
      • 08 January 2009
      • Effective Date
      • 12 January 2009
    • 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, January 12th, 2009.
       
      NEW MARGIN RATES AND TIERS FOR COLOMBIAN PESO Futures Contracts (v2)
       
      Outright (Scan) Tiers for V2
      Tiers
      Months
      1
      All Months
       
      Outright (Scan) Margin on V2
      Commodity
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Initial Margin
       
      New
      New
      New
      V2
      $3,200
      $3,520
      $4,320
       
      Intra-Commodity Spread Tiers for V2
      Tiers
      Months
      1
      All Months
       
      Intra-Commodity Spread Margins on V2
      Commodity
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Initial Margin
       
      New
      New
      New
      V2
      $250
      $275
      $338