• Performance Bond Requirement Changes - Effective Monday, February 9th, 2009.

      • To
      • CME Clearing;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 09-51
      • Notice Date
      • 06 February 2009
      • Effective Date
      • 09 February 2009
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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 rates are effective at the close of business on Monday, February 9th, 2009.
       
      MARGIN RATE CHANGES FOR DME Oman Crude Oil Futures (OQ) AND DME Oman Crude Oil Financial Futures (ZG) Contracts
       
      Note: The revised margins are in bold
       
      CME Clearing House Outright (Scan) Margins for OQ and ZG
      Contract
      DME Clearing Member Initial Margin / Maintenance Margin
      DME Member or NYMEX Member Initial Margin
      DME Guaranteed Customer (Non-Member) Initial Margin
       
      New
      Old
      New
      Old
      New
      Old
      OQ
      $9,500
      $10,500
      $10,450
      $11,550
      $12,825
      $14,175
      ZG
      $9,500
      $10,500
      $10,450
      $11,550
      $12,825
      $14,175