• Performance Bond Requirement Changes - Effective March 3, 2009

      • To
      • Clearing Member Firms;Chief Financial Officers;Back Office Managers;Margin Managers
      • From
      • CME Clearing
      • #
      • 09-79
      • Notice Date
      • 02 March 2009
      • Effective Date
      • 03 March 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 Tuesday, March 3, 2009.
       
       
      CME Security Futures Outright Rates
       
      Sonic Corp. (SC7)
       
      Rate Type
       
      Change
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      NA
      30.00%
      30.00%
      Customer Rate
      NA
      30.00%
      30.00%
       
       
      CME Security Futures Intra-Commodity Spread Rates
       
      Sonic Corp. (SC7) - All Months 
       
      Rate Type
       
      Change
      New
      Initial
      New
      Maintenance
      Clearing/Member Rate
      NA
      3.00%
      3.00%
      Customer Rate
      NA
      5.00%
      5.00%