HKFE to Revise Margins for some Hang Seng Sub-index Futures and Stock Futures Contracts
Market Operations
28 May 1999
|
Futures Contracts
|
Margin Rates
|
Initial Margin
($HK)
|
Maintenance Margin
($HK)
|
|
Hang Seng Commerce & Industry Sub-index
|
Full Rates
Spread Rates
|
$35,000
$17,500
|
$28,000
$14,000
|
|
Hang Seng Finance Sub-Index
|
Full Rates
Spread Rates
|
$75,000
$37,500
|
$60,000
$30,000
|
|
CITIC Pacific Ltd
|
Full Rates
Spread Rates
|
$14,000
$3,125
|
$11,200
$2,500
|
|
CLP Holdings Ltd
|
Full Rates
Spread Rates
|
$8,500
$1,300
|
$6,800
$1,040
|
|
Hang Seng Bank, Ltd
|
Full Rates
Spread Rates
|
$17,000
$2,600
|
$13,600
$2,080
|
|
Hong Kong Telecommunications Ltd
|
Full Rates
Spread Rates
|
$26,000
$3,500
|
$20,800
$2,800
|
|
The Wharf (Holdings) Ltd
|
Full Rates
Spread Rates
|
$16,000
$2,500
|
$12,800
$2,000
|
The Exchange emphasises that the above are minimum rates and member firms should set their margin requirements according to their clients? individual circumstances.
The Hong Kong Futures Exchange is a leading futures and options marketplace in the Asia Pacific Region, with a membership of over 130 companies, including a number of major international institutions. The Exchange is actively diversifying its product base, which now includes currency, interest rate and equity-based products.
For further enquiries, please contact HKFE Corporate Communications Mr Mark Tung on 2842 9448 or Miss Chiu Yeung on 2842 9322.