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

      • To
      • Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 09-09
      • Notice Date
      • 09 January 2009
      • Effective Date
      • 12 January 2009
    •  
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      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 with the launch of the products on Monday, January 12th, 2009.
       
       
      CME Forest Product Futures Outright Rates
       
      Hard Wood Pulp (HWP)
       
      Rate Type
       
      Change
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      NA
      $500
      $500
      Customer Rate
      NA
      $675
      $500