• Performance Bond Requirement Changes - Effective Monday, February 2, 2009

      • To
      • Clearing Member Firms;Chief Finanacial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 09-42
      • Notice Date
      • 30 January 2009
      • Effective Date
      • 02 February 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, February 2nd, 2009.
       
       
      OUTRIGHT AND INTRA-SPREAD MARGIN RATE, AND TIER CHANGES FOR HEATING OIL (HO), NEW YORK HARBOR HEATING OIL CALENDAR SWAP (MP), HEATING OIL – FINANCIAL CONTRACT (BH) AND NYMEX miNY™ HEATING OIL (QH)
       
      Note: The revised margins are in bold.
       
       
       
      HO/MP/BH/QH Intra-Commodity Spread and Scan Tiers
      Tiers
      New
      Old
      1
      1st Nearby
      1st Nearby
      2
      2nd Nearby
      2nd Nearby
      3
      3rd - 8th Nearby
      3rd - 9th Nearby
      4
      Greater than the 8th Nearby
      Greater than the 9th Nearby
       
       
       
       
       
       
       
      NYMEX Division Outright (Scan) Margins on Heating Oil (HO) New York Heating Oil Calendar Swap (MP) and Heating Oil - Financial Contract (BH)
      Tiers
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Customer Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      1
      $6,750
      $7,500
      $7,425
      $8,250
      $9,113
      $10,125
      2
      $6,500
      $7,250
      $7,150
      $7,975
      $8,775
      $9,788
      3
      $6,250
      $7,000
      $6,875
      $7,700
      $8,438
      $9,450
      4
      $6,000
      $6,750
      $6,600
      $7,425
      $8,100
      $9,113
       
       
            NYMEX Division Outright (Scan) Margins on NYMEX miNY™Heating Oil (QH)                                                                                         
      Tiers
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Customer Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      1
      $3,375
      $3,750
      $3,713
      $4,125
      $4,556
      $5,063
      2
      $3,250
      $3,625
      $3,575
      $3,988
      $4,388
      $4,894
      3
      $3,125
      $3,500
      $3,438
      $3,850
      $4,219
      $4,725
      4
      $3,000
      $3,375
      $3,300
      $3,713
      $4,050
      $4,556
       
       
       
      NYMEX Division Intra-Commodity Spread Margins on Heating Oil (HO) New York Heating Oil Calendar Swap (MP) and Heating Oil - Financial Contract (BH)
      Tiers
      Clearing Member / Maintenance Margin
      Member Customer Initial Margin
      Non-Member Customer Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      1
      $250
      $250
      $275
      $275
      $338
      $338
      2
      $200
      $150
      $220
      $165
      $270
      $203
      3
      $200
      $150
      $220
      $165
      $270
      $203
      4
      $150
      $100
      $165
      $110
      $203
      $135
       

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.