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HKFE Announces Revised Margins for HSBC and ICBC Futures

Market Operations
11 Nov 2011

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

 

HKFE Announces Revised Margins for HSBC and ICBC 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 Tuesday, 15 November 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 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$)
Maintenance Margin
(HK$)
HSBC Holdings Plc. Full Rate 3,540 /lot 2,830 /lot
Spread Rate 1,070 /spread 849 /spread
Industrial and Commercial Bank of China Ltd. Full Rate  839 /lot 671 /lot
Spread Rate 252 /spread 202 /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 11 Nov 2011