• Performance Bond Requirement Changes - Effective Wednesday, September 30th, 2009 - NYMEX Products

      • To
      • Clearing Member Firms, Chief Financial Officers, Back Office Managers, Margin Managers
      • From
      • CME Clearing
      • #
      • 09-422
      • Notice Date
      • 29 September 2009
      • Effective Date
      • 30 September 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 changes are effective at the close of business on Wednesday, September 30th, 2009.

       

       

      CME Energy Futures Intra Spread Rates
       

      Nymex Crude Oil MACI Index Spread (NYM-CL vs. NYM-XC)
       
       
       
      Rate Type
      Change
      Current
      New
      Non-Member Customer Initial Rate
      Increase
      $648
      $1310
      Clearing Member/Hedger/Member Initial & Maintenance Rate
      Increase
      $480
      $970