• Performance Bond Requirements-Effective Monday, April 20, 2009

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 09-156
      • Notice Date
      • 17 April 2009
      • Effective Date
      • 20 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 Monday, April 20, 2009.
       
      INTRA-SPREAD MARGINS FOR CRUDE OIL FUTURES CONTRACT (CL), FINANCIAL CRUDE OIL CONTRACT (WS), CRUDE OIL CALENDAR SWAP (CS), and NYMEX miNY CRUDE OIL CONTRACT (QM)
       
      Note: The revisions are in bold.
       
       
      NYMEX Division Intra-Commodity Spread Margins on Crude Oil Futures Contract (CL), Financial Crude Oil Contract (WS) and Crude Oil Calendar Swap (CS)
      Tiers
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Customer Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      1 vs 2
      $1,000
      $750
      $1,100
      $825
      $1,350
      $1,013
      1 vs 3
      $1,000
      $750
      $1,100
      $825
      $1,350
      $1,013
      1 vs 4
      $1,000
      $750
      $1,100
      $825
      $1,350
      $1,013
      2 vs 2
      $800
      $625
      $880
      $688
      $1,080
      $844
      2 vs 3
      $800
      $625
      $880
      $688
      $1,080
      $844
      2 vs 4
      $800
      $625
      $880
      $688
      $1,080
      $844
      3 vs 3
      $750
      $500
      $825
      $550
      $1,013
      $675
      3 vs 4
      $750
      $500
      $825
      $550
      $1,013
      $675
      4 vs 4
      $750
      $500
      $825
      $550
      $1,013
      $675
       
       NYMEX Division Intra-Commodity Spread Margins on NYMEY miNY Crude Oil Contract (QM)
       
      Tiers
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Customer Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      1 vs 2
      $500
      $375
      $550
      $413
      $675
      $506
      1 vs 3
      $500
      $375
      $550
      $413
      $675
      $506
      1 vs 4
      $500
      $375
      $550
      $413
      $675
      $506
      2 vs 2
      $400
      $313
      $440
      $344
      $540
      $422
      2 vs 3
      $400
      $313
      $440
      $344
      $540
      $422
      2 vs 4
      $400
      $313
      $440
      $344
      $540
      $422
      3 vs 3
      $375
      $250
      $413
      $275
      $506
      $338
      3 vs 4
      $375
      $250
      $413
      $275
      $506
      $338
      4 vs 4
      $375
      $250
      $413
      $275
      $506
      $338
       
       

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2025 CME Group Inc. All rights reserved.