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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 changes are effective at the close of business on Friday, Nov 20th, 2009.
TIER CHANGES FOR CRUDE OIL FUTURES CONTRACT (CL), FINANCIAL CRUDE OIL CONTRACT (WS), CRUDE OIL CALENDAR SWAP (CS), NYMEX miNY CRUDE OIL CONTRACT (QM), and NYMEX Crude Oil Minute-Marker Future (6C)
Note: The revisions are in bold.
CL/WS/CS/6C Tiers |
||
Tiers |
New |
Old |
1 |
1st Nearby |
1st Nearby |
2 |
2nd – 4th Nearby |
2nd – 4th Nearby |
3 |
5th – 12th Nearby |
5th – 13th Nearby |
4 |
13th – 24th Nearby |
14th – 25th Nearby |
5 |
25th – 48th Nearby |
26th – 49th Nearby |
6 |
Greater than the 48th Nearby |
Greater than the 49th Nearby |
For the PDF version of this advisory, please click here.