HKFE Revises Margins for HSI Futures Contract and Selected Stock Futures Contracts
Market Operations
09 Feb 2000
The Hong Kong Futures Exchange (HKFE) announces that with effect from Thursday, 10 February 2000, the minimum margins to be collected by a member from its clients in respect of their dealings in the following futures contracts are as follows:
* Amounts in brackets are the original margin rates:
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Futures Contracts
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Margin Rates
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Initial Margin
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Maintenance Margin
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Hang Seng Index Futures
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Full Rates
Spread Rates
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$80,000 ($75,000) per lot
$3,750 ($3,750)/ lot / side
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$64,000 ($60,000) per lot
$3,000 ($3,000)/ lot / side
|
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Cheung Kong (Holdings)
Limited Futures
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Full Rates
Spread Rates
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$57,500 ($50,000) per lot
$9,000 ($6,250)/ lot / side
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$46,000 ($40,000) per lot
$7,200 ($5,000)/ lot / side
|
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Hutchison Whampoa
Limited Futures
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Full Rates
Spread Rates
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$80,000 ($60,000) per lot
$12,000 ($9,000)/ lot / side
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$64,000 ($48,000) per lot
$9,600 ($7,200)/ lot / side
|
|
China Telecom (Hong Kong)
Limited Futures
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Full Rates
Spread Rates
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$120,000 ($90,000) per lot
$18,000 ($13,500)/ lot / side
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$96,000 ($72,000) per lot
$14,400 ($10,800)/ lot / side
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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: Ms June Wong on 2842 9448 or Mr Scott Sapp on 2842 9421.