special performance bond credit

special performance bond credit
Certain spreads which are combinations of inter- and intra-commodity spreads are not recognized in normal SPAN inter- or intra-commodity spread processing. All CME recognized inter- and intra-commodity spreads are listed in the SPAN Minimum Performance Bond Document at http://www.cme.com/clearing/pbrates/pbrates.htm. Any inter-commodity spread which requires two or more legs from the same combined commodity but in different contract months must be submitted for special spread credit in order to receive the performance bond offset. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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