Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

HSI, MHI, HHI, MCH, DHH and CUS Futures Markets

There will be mandatory intra-day variation adjustment calls in the Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI), Mini H-shares Index (MCH), HSCEI Dividend Point Index (DHH) and RMB Currency (CUS) futures markets on Wednesday, 18 February 2015 based on open positions in the markets at around 12:00 noon on 18 February.

Stock Options Market

There will be special intra-day margin calls on Wednesday, 18 February 2015 in respect of all open positions in the stock options market at around 12:00 noon on 18 February.

The margin levels of HSI, MHI, HHI, MCH, DHH and CUS futures contracts and the margin intervals for all stock options classes will be increased temporarily after 4:15 pm on 17 February 2015.  The margin levels and margin intervals will be restored to normal after the market close at 12:00 noon on 18 February 2015.  Details of the temporary margin levels and margin intervals will be announced in due course.

As there will be no after-hours futures trading session on 18 February 2015, no mandatory intra-day variation adjustment and margin call will be made by the Clearing House on the first business day after the holiday, ie Monday, 23 February 2015.

The above arrangements are based on the clearing houses' normal procedures.

Exchange Participants have been advised to give advance notice to their clients regarding the arrangements where appropriate.

Ends