HKFE to Revise Margins for Cheung Kong (Holdings) Ltd, Hutchison Whampoa Ltd and China Telecom (Hong Kong) Ltd Stock Futures Contracts
Market Operations
29 Nov 1999
The Hong Kong Futures Exchange (HKFE) announces that with effect from Tuesday, 30 November 1999, the minimum margins to be collected by a member from its clients in respect of their dealings in the following stock futures contracts are as follows:
*Amounts in brackets are the original margin rates:
| Futures Contract |
Margin Rates |
Initial Margin
HK$ |
Maintenance Margin
HK$ |
Cheung Kong
(Holdings) Ltd |
Full Rates
Spread Rates |
$42,500 ($36,500)
$6,250 ($6,250) |
$34,000 ($29,200)
$5,000 ($5,000) |
| Hutchison Whampoa Ltd |
Full Rates
Spread Rates |
$47,500 ($40,000)
$7,500 ($6,000) |
$38,000 ($32,000)
$6,000 ($4,800) |
China Telecom
(Hong Kong) Ltd |
Full Rates
Spread Rates |
$54,000 ($30,000)
$8,500 ($4,500) |
$43,200 ($24,000)
$6,800 ($3,600) |
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.