• Performance Bond Requirement Changes - Effective Thursday, April 2, 2009

      • To
      • Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 09-136
      • Notice Date
      • 01 April 2009
      • Effective Date
      • 02 April 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 Thursday, April 2nd, 2009.
       
       
      CBOT Agricultural Futures Inter-Commodity Spread Rates
       
       
      The following spread ratios will be changing:
       
                              Spread                                     Old Ratio          New Ratio
      Corn (CBOT) (C) vs. Soybeans (CBOT) (S)         (1:2)                  (2:1)
       
      Rate Type
      Change
      Current
      New
      Spread Credit Rate
      New Ratio
      70.00%
      70.00%
       
       
      The following spreads will be added:
       
      Wheat (CBOT) (W) vs. Soybeans (CBOT) (S) (2:3)
      Rate Type
      Change
      Current
      New
      Spread Credit Rate
      New Spread
      60.00%
      60.00%
       
       
       

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