• Performance Bond Requirements: Weather Outrights - Effective Monday, April 14, 2014

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 14-155
      • Notice Date
      • 11 April 2014
      • Effective Date
      • 14 April 2014
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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 will be effective after the close of business on

      Monday, April 14, 2014.

      Current rates as of:

      Friday, April 11, 2014.

      Effective Sunday, April 13, 2014 for trade date Monday, April 14, 2014 and pending all relevant CFTC regulatory review periods, please be advised that the Chicago Mercantile Exchange, Inc. (CME or EXCHANGE) will amend the contract size and multiplier for the Hurricane Seasonal Event futures in the table below. The contract multiplier is changing from 1,000 to 100,000 index points. The value per tick is changing from $100 to $10,000 per tick.  The minimum tick remains the same at 0.1 index points.


      Margin rates in this advisory reflect the scaled increase in margin as a result of the new contract multiplier

      For the full text of this advisory, please click here.