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Margin Levels for Futures Contracts - Current
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21/05/2012
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Please be reminded that the minimum margin rates below are for your firm's financially strongest clients. Exchange Participants should set their margin requirements according to each client's individual circumstances.
|
Product |
Client Margin |
Clearing House Margin |
|
Initial |
Maintenance |
|
|
(US$) |
(US$) |
(US$) |
|
Gold Futures |
Full Rate |
8,190 |
6,550 |
6,190 |
|
(/lot) |
|
Spread Rate |
2,460 |
1,970 |
1,860 |
|
(/spread) |
|
Product |
Client Margin |
Clearing House Margin |
|
Initial |
Maintenance |
|
|
(HK$) |
(HK$) |
(HK$) |
|
Hang Seng Index Futures |
Full Rate |
66,250 |
53,000 |
53,000 |
|
(/lot) |
|
Spread Rate |
7,500 |
6,000 |
6,000 |
|
(/spread) |
|
Mini-Hang Seng Index Futures |
Full Rate |
13,250 |
10,600 |
10,600 |
|
(/lot) |
|
Spread Rate |
1,500 |
1,200 |
1,200 |
|
(/spread) |
|
H-share Index Futures |
Full Rate |
34,700 |
27,750 |
27,750 |
|
(/lot) |
|
Spread Rate |
10,450 |
8,350 |
8,350 |
|
(/spread) |
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Mini-H-share Index Futures |
Full Rate |
6,940 |
5,550 |
5,550 |
|
(/lot) |
|
Spread Rate |
2,090 |
1,670 |
1,670 |
|
(/spread) |
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HSCEI Dividend Point Index Futures |
Full Rate |
1,880 |
1,510 |
1,510 |
|
(/lot) |
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Spread Rate |
2,260 |
1,820 |
1,820 |
|
(/spread) |
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HSI Dividend Point Index Futures |
Full Rate |
3,610 |
2,890 |
2,890 |
|
(/lot) |
|
Spread Rate |
4,340 |
3,470 |
3,470 |
|
(/spread) |
|
HSI Volatility Index Futures |
Full Rate |
31,560 |
25,250 |
25,250 |
|
(/lot) |
|
Spread Rate |
9,470 |
7,580 |
7,580 |
|
(/spread) |
|
IBOVESPA Futures |
Full Rate |
19,780 |
15,830 |
15,830 |
|
(/lot) |
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Spread Rate |
5,940 |
4,750 |
4,750 |
|
(/spread) |
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MICEX Index Futures |
Full Rate |
16,490 |
13,190 |
13,190 |
|
(/lot) |
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Spread Rate |
4,950 |
3,960 |
3,960 |
|
(/spread) |
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Sensex Index Futures |
Full Rate |
11,030 |
8,830 |
8,830 |
|
(/lot) |
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Spread Rate |
3,310 |
2,650 |
2,650 |
|
(/spread) |
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FTSE/JSE Top40 Futures |
Full Rate |
18,940 |
15,150 |
15,150 |
|
(/lot) |
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Spread Rate |
5,690 |
4,550 |
4,550 |
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(/spread) |
|
Product |
Client Margin |
Clearing House Margin |
|
Initial |
Maintenance |
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(HK$) |
(HK$) |
(HK$) |
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Three-year Exchange Fund Note (EFN) Futures |
Full Rate |
10,890 |
8,710 |
8,710 |
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(/lot) |
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Spread Rate |
3,270 |
2,620 |
2,620 |
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(/spread) |
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One-Month HIBOR Futures |
Full Rate |
418 |
335 |
314 |
|
(/lot) |
|
Spread Rate |
Please refer to the attached table |
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(/spread) |
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Three-Month HIBOR Futures |
Full Rate |
696 |
557 |
522 |
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(/lot) |
|
Spread Rate |
Please refer to the attached table |
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(/spread) |
|
Product |
Client Margin |
Clearing House Margin |
|
Initial |
Maintenance |
|
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(HK$) |
(HK$) |
(HK$) |
|
Aluminum Corporation of China Ltd. Futures |
Full Rate |
735 |
588 |
552 |
|
(/lot) |
|
Spread Rate |
221 |
177 |
166 |
|
(/spread) |
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Bank of China Ltd Futures |
Full Rate |
206 |
165 |
164 |
|
(/lot) |
|
Spread Rate |
62 |
50 |
50 |
|
(/spread) |
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Bank of Communications Co Ltd Futures |
Full Rate |
416 |
333 |
313 |
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(/lot) |
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Spread Rate |
125 |
100 |
94 |
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(/spread) |
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The Bank of East Asia Limited Futures |
Full Rate |
366 |
293 |
293 |
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(/lot) |
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Spread Rate |
110 |
88 |
88 |
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(/spread) |
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BOC Hong Kong (Holdings) Ltd. Futures |
Full Rate |
682 |
546 |
546 |
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(/lot) |
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Spread Rate |
205 |
164 |
164 |
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(/spread) |
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China Construction Bank Corporation Futures |
Full Rate |
429 |
343 |
326 |
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(/lot) |
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Spread Rate |
129 |
103 |
98 |
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(/spread) |
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China Communications Construction Co. Limited Futures |
Full Rate |
829 |
663 |
627 |
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(/lot) |
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Spread Rate |
249 |
199 |
189 |
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(/spread) |
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China Mobile Limited Futures |
Full Rate |
2,690 |
2,150 |
2,150 |
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(/lot) |
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Spread Rate |
807 |
645 |
645 |
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(/spread) |
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China Unicom (Hong Kong) Limited Futures |
Full Rate |
2,210 |
1,770 |
1,670 |
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(/lot) |
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Spread Rate |
663 |
531 |
501 |
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(/spread) |
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CITIC Pacific Limited Futures |
Full Rate |
810 |
648 |
648 |
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(/lot) |
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Spread Rate |
243 |
195 |
195 |
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(/spread) |
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Cheung Kong (Holdings) Limited Futures |
Full Rate |
7,580 |
6,070 |
5,700 |
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(/lot) |
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Spread Rate |
2,280 |
1,830 |
1,710 |
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(/spread) |
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China Life Insurance Co. Ltd. Futures |
Full Rate |
1,860 |
1,490 |
1,390 |
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(/lot) |
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Spread Rate |
558 |
447 |
417 |
|
(/spread) |
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CLP Holdings Limited Futures |
Full Rate |
2,080 |
1,670 |
1,640 |
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(/lot) |
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Spread Rate |
624 |
501 |
492 |
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(/spread) |
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China Merchants Bank Futures |
Full Rate |
618 |
495 |
464 |
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(/lot) |
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Spread Rate |
186 |
149 |
140 |
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(/spread) |
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CNOOC Limited Futures |
Full Rate |
1,310 |
1,050 |
1,010 |
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(/lot) |
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Spread Rate |
393 |
315 |
303 |
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(/spread) |
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Cathay Pacific Airways Limited Futures |
Full Rate |
1,060 |
841 |
799 |
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(/lot) |
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Spread Rate |
318 |
253 |
240 |
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(/spread) |
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China Petroleum & Chemical Corporation Futures |
Full Rate |
1,140 |
912 |
863 |
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(/lot) |
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Spread Rate |
342 |
274 |
259 |
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(/spread) |
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China Telecom Corporation Ltd. Futures |
Full Rate |
591 |
473 |
447 |
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(/lot) |
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Spread Rate |
178 |
142 |
135 |
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(/spread) |
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Esprit Holdings Limited Futures |
Full Rate |
253 |
203 |
191 |
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(/lot) |
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Spread Rate |
76 |
61 |
58 |
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(/spread) |
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Foxconn International Holdings Limited Futures |
Full Rate |
831 |
665 |
634 |
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(/lot) |
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Spread Rate |
250 |
200 |
191 |
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(/spread) |
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Power Assets Holdings Limited Futures |
Full Rate |
1,750 |
1,400 |
1,400 |
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(/lot) |
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Spread Rate |
525 |
420 |
420 |
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(/spread) |
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Hong Kong Exchanges and Clearing Limited Futures |
Full Rate |
785 |
628 |
628 |
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(/lot) |
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Spread Rate |
236 |
189 |
189 |
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(/spread) |
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HSBC Holdings plc Futures |
Full Rate |
1,700 |
1,360 |
1,360 |
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(/lot) |
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Spread Rate |
510 |
408 |
408 |
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(/spread) |
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Hong Kong and China Gas Company Limited Futures |
Full Rate |
1,280 |
1,030 |
1,030 |
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(/lot) |
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Spread Rate |
384 |
309 |
309 |
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(/spread) |
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Henderson Land Development Company Limited Futures |
Full Rate |
3,360 |
2,690 |
2,530 |
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(/lot) |
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Spread Rate |
1,010 |
807 |
759 |
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(/spread) |
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Huaneng Power International, Inc. Futures |
Full Rate |
1,100 |
874 |
820 |
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(/lot) |
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Spread Rate |
330 |
263 |
246 |
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(/spread) |
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Hang Seng Bank Limited Futures |
Full Rate |
650 |
520 |
520 |
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(/lot) |
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Spread Rate |
195 |
156 |
156 |
|
(/spread) |
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Hutchison Whampoa Limited Futures |
Full Rate |
4,610 |
3,690 |
3,690 |
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(/lot) |
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Spread Rate |
1,390 |
1,110 |
1,110 |
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(/spread) |
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Industrial and Commercial Bank of China Ltd Futures |
Full Rate |
364 |
291 |
274 |
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(/lot) |
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Spread Rate |
110 |
88 |
83 |
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(/spread) |
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Li & Fung Limited Futures |
Full Rate |
3,540 |
2,830 |
2,670 |
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(/lot) |
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Spread Rate |
1,070 |
849 |
801 |
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(/spread) |
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MTR Corporation Limited Futures |
Full Rate |
867 |
694 |
694 |
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(/lot) |
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Spread Rate |
261 |
209 |
209 |
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(/spread) |
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New World Development Co. Ltd. Futures (NWD - Multiplier = 1,000) |
Full Rate |
900 |
720 |
676 |
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(/lot) |
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Spread Rate |
270 |
216 |
203 |
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(/spread) |
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New World Development Co. Ltd. Futures (NWA - Multiplier = 1,089) |
Full Rate |
980 |
784 |
736 |
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(/lot) |
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Spread Rate |
294 |
235 |
221 |
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(/spread) |
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Ping An Insurance (Group) Co of China Ltd Futures |
Full Rate |
2,690 |
2,150 |
2,030 |
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(/lot) |
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Spread Rate |
807 |
645 |
609 |
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(/spread) |
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PetroChina Company Limited Futures |
Full Rate |
1,430 |
1,140 |
1,140 |
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(/lot) |
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Spread Rate |
429 |
342 |
342 |
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(/spread) |
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PICC Property and Casualty Co. Limited Futures (PIC - Multiplier = 2,000) |
Full Rate |
2,140 |
1,710 |
1,610 |
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(/lot) |
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Spread Rate |
642 |
513 |
483 |
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(/spread) |
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PICC Property and Casualty Co. Limited Futures (PIA - Multiplier = 2,098) |
Full Rate |
2,245 |
1,794 |
1,689 |
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(/lot) |
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Spread Rate |
673 |
538 |
507 |
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(/spread) |
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Sun Hung Kai Properties Limited Futures |
Full Rate |
12,780 |
10,230 |
9,710 |
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(/lot) |
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Spread Rate |
3,840 |
3,070 |
2,920 |
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(/spread) |
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Swire Pacific Limited "A" Shares Futures (SWA - Multiplier = 500) |
Full Rate |
2,800 |
2,240 |
2,210 |
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(/lot) |
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Spread Rate |
840 |
672 |
663 |
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(/spread) |
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Swire Pacific Limited "A" Shares Futures (SWE - Multiplier = 575) |
Full Rate |
3,222 |
2,578 |
2,543 |
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(/lot) |
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Spread Rate |
967 |
773 |
763 |
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(/spread) |
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The Wharf (Holdings) Ltd. Futures |
Full Rate |
3,590 |
2,880 |
2,700 |
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(/lot) |
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Spread Rate |
1,080 |
864 |
810 |
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(/spread) |
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