• UPDATED: Performance Bond Requirements: Agriculture, Crude Oil, Electricity, Natural Gas, and Refined Products Outrights; FX, Agriculture, and Crude Oil Intra-Commodity Spread Charges; Crude Oil, Refined Products, and Natural Gas Inter-Commodity Spread Credits - Effective Friday, October 3, 2014

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 14-390
      • Notice Date
      • 03 October 2014
      • Effective Date
      • 03 October 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.

      Also note that CME Clearing had an issue with the SPAN file that reflected some incorrect Live Cattle calendar spread margins on Wednesday night that was subsequently corrected in the Thursday night file.

      The rates will be effective after the close of business on

      Friday, October 3, 2014.

      Current rates as of:

      Thursday, October 2, 2014.

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