Margin Rates Set for Bank of East Asia and Legend Futures Contracts
Market Operations
04 Jan 2001
Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for The Bank of East Asia Limited (BEA) Futures contract and Legend Holdings Limited (LEH) Futures contract. Both contracts will be introduced on Monday, 8 January 2001.
The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the two contracts:
| Futures Contract |
Margin Rates
|
Initial Margin
|
Maintenance Margin
|
|
The Bank of East Asia Limited Futures
|
Full Rates
Spread Rates
|
$1,700 per lot
$255 / lot / side
|
$1,360 per lot
$204 / lot / side
|
Legend Holdings Limited Futures
|
Full Rates
Spread Rates |
$12,000 per lot
$1,800 / lot / side |
$9,600 per lot
$1,440 / lot / side |
The Futures Exchange emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients individual circumstances.