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HKFE Announces Margin Rates for Adjusted Hong Kong and China Gas Futures

Market Operations
20 May 2011

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

 

 HKFE Announces Margin Rates for Adjusted Hong Kong and China Gas Futures 

  

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 Monday, 23 May 2011, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The margins are based on the clearing company's normal procedures and standard margining methodology.

Please see the 17 March 2011 HKEx news release for details of Hong Kong and China Gas futures contracts in the table below. 

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

Futures Contract Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
The Hong Kong and China Gas Company Limited
(HKG: Multiplier = 1,000)
Full Rate 1,091 /lot 866 /lot
Spread Rate 327 /spread 260 /spread
The Hong Kong and China Gas Company Limited
(HKA: Multiplier = 1,100)
Full Rate 1,200 /lot 953 /lot
Spread Rate 360 /spread 286 /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 20 May 2011