cme increases margin requirements to 100%, page-4

is it really across the board like some article are saying or just mf global accounts.

http://ciovaccocapital.com/wordpress/index.php/commodities/cmes-transfer-of-mf-global-accounts-may-increase-margin-calls/

CME’s Transfer of MF Global Accounts May Increase Margin Calls

It is almost midnight - too late to draw any firm conclusions, but a press release from the CME group regarding the transfer of MF Global’s accounts may result in an abnormally large number of margin calls in the futures market on Monday, November 7, 2011. It is common to liquidate positions in order to meet a margin call. It could be a volatile day in the futures markets on Monday with a lot of “forced” sales.

Here is some of the CME’s release, followed by some additional info from Bloomberg:

CHICAGO, November 4, 2011 – Today, CME Group continued to successfully transfer additional MF Global U.S. customer positions and CME Clearing-held collateral to other qualified clearing firms. The remaining customer segregated positions are expected to be transferred by the end of the day, completing the total transfer of customer positions at CME Group exchanges in approximately 15,000 MF Global accounts and approximately $1.45 billion in associated clearing collateral, as approved by the Trustee and bankruptcy court. Receiving commodity brokers for these transfers are responsible for notifying customers as to the new commodity broker for their accounts.

From Bloomberg:

CME Group Inc., the world’s largest futures exchange and the regulator for New York-based MF Global’s customer accounts, said on Nov. 4 it was in the process of transferring about 15,000 positions as of Nov. 4, the company said. Under a court order in the bankruptcy case, no funds or collateral not backing futures positions can be transferred to another futures broker.

MF Global, the holding company for the broker-dealer run by ex-Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy protection on Oct. 31 after making bets on European sovereign debt. Its broker-dealer unit, MF Global Inc., faces liquidation. The firm listed debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed in U.S. Bankruptcy Court in Manhattan.