Change of Performance Bond Method from "Collateralization Mark-to-Market" to "Cash Mark-toMarket" for Cleared OTC USD/CLP Spot, Forward and Swap Transactions, Effective Monday, October 31, 2011

As you were notified in CME Group Special Executive Reports, S-5713, dated Friday, April 15, 2011 and in S-5761, dated Monday, May 16, 2011, CME has begun offering clearing services for nondeliverable forward (NDF) over-the-counter (OTC) U.S. dollar/Chilean peso spot, forward and swap transactions. Effective Monday, October 31, 2011, CME will change from a "collateralization mark-tomarket" to "cash mark-to-market" performance bond method for these products. This Special Executive Report includes the description supporting the implementation of the new performance bond administration procedures, which are summarized as follows.

For the full Special Executive Report, please click here (PDF).