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HKFE Announces Revised Margins for China Communications Construction and CITIC Pacific Futures Contracts

Market Operations
09 Mar 2011

  Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

 

HKFE Announces Revised Margins for China Communications Construction and CITIC Pacific Futures Contracts

 

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 11 March 2011, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below.  The adjustments are based on the clearing company's normal procedures and standard margining methodology. 

For the current margins, please refer to the margin information on the HKEx website.   

Futures Contract Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
China Communications Construction Company Limited Full Rate 581 /lot 465 /lot
Spread Rate 175 /spread 140 /spread
CITIC Pacific Limited Full Rate 1,710 /lot 1,370 /lot
Spread Rate 513 /spread 411 /spread

HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.

 

Ends

Updated 09 Mar 2011