• Performance Bond Requirements-Effective Thursday, September 3, 2009-Heating Oil Product

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 09-380
      • Notice Date
      • 02 September 2009
      • Effective Date
      • 03 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 rates are effective at the close of business on Thursday, Sept 3, 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 – 6th Nearby
      3rd – 7th Nearby
      4
      Greater than the 6th Nearby
      Greater than the 7th Nearby
       

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