HKFE Revises Margins for Red-Chip Index Futures and CITIC Pacific Stock Futures Contracts
Market Operations
07 Apr 2000
The Hong Kong Futures Exchange (HKFE) announces that with effect from Monday, 10 April 2000, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts are as follows:
* Amounts in brackets are the original margin rates:
| Futures Contracts |
Margin Rates |
Initial Margin |
Maintenance Margin |
| Red-Chip Index Futures |
Full Rates
Spread Rates
|
$14,000 ($12,500) per lot
$1,250 ($1,250)/ lot / side |
$11,200 ($10,000) per lot
$1,000 ($1,000)/ lot / side |
| CITIC Pacific Limited Futures |
Full Rates
Spread Rates
|
$35,000 ($28,000) per lot
$5,250 ($4,250)/ lot / side |
$28,000 ($22,400) per lot
$4,200 ($3,400)/ lot / side |
The Exchange emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
For further enquiries, please contact HKFE Corporate Communications: Ms Chiu Yeung on 2842 9322 or Mr Scott Sapp on 2842 9421.