HKFE Revises Margins for Selected Stock Futures Contracts
Market Operations
21 Sep 2000
Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, announced that with effect from today (Thursday), 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 |
| HSBC Holdings plc Futures |
Full Rates
Spread Rates
|
$48,000 ($42,000) per lot
$7,200 ($7,200)/ lot / side
|
$38,400 ($33,600) per lot
$5,760 ($5,760)/ lot / side |
| Hopewell Holdings Limited Futures |
Full Rates
Spread Rates
|
$900 ($700) per lot
$140 ($110)/ lot / side |
$720 ($560) per lot
$112 ($88)/ lot / side |
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
For enquiries, please contact Henry Law, Head, Corporate Communications, HKEx on 2840 3862.