HKFE Announces Margin Rates for Adjusted Cheung Kong and Hutchison Whampoa Futures Contracts
Market Operations
02 May 2014
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Margin Rates for Adjusted Cheung Kong and Hutchison Whampoa 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 Monday, 5 May 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the Cheung Kong (Holdings) Ltd. (CKH) & Hutchison Whampoa Ltd. (HWL) 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 April 2014 HKEx news release for details of the adjustment of CKH futures contracts & HWL futures contracts.
For the current margins, please refer to the margin information on the HKEx website.
|
Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
|
|
|
|
|
Cheung Kong (Holdings) Ltd.
(CKH: Multiplier = 1,000) |
Full Rate |
7,961 |
/lot |
6,369 |
/lot |
|
Spread Rate |
2,388 |
/spread |
1,914 |
/spread |
|
|
|
|
|
Cheung Kong (Holdings) Ltd.
(CKA: Multiplier = 1,055) |
Full Rate |
8,400 |
/lot |
6,720 |
/lot |
|
Spread Rate |
2,520 |
/spread |
2,020 |
/spread |
|
|
|
|
|
Hutchison Whampoa Ltd.
(HWL: Multiplier = 1,000) |
Full Rate |
6,855 |
/lot |
5,480 |
/lot |
|
Spread Rate |
2,057 |
/spread |
1,646 |
/spread |
|
|
|
|
|
Hutchison Whampoa Ltd.
(HWA: Multiplier = 1,069) |
Full Rate |
7,330 |
/lot |
5,860 |
/lot |
|
Spread Rate |
2,200 |
/spread |
1,760 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
Ends