HKFE Revises Margins for HSI Futures and Mini-HSI Futures Contracts
Market Operations
09 Feb 2001
Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announced today (Friday) that with effect from Monday, 12 February, 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
|
Hang Seng Index Futures
|
Full Rates
Spread Rates
|
$62,500 ($77,500) per lot
$3,750 ($3,750)/ lot / side
|
$50,000 ($62,000) per lot
$3,000 ($3,000) / lot / side
|
Mini-Hang Seng Index Futures
|
Full Rates
Spread Rates
|
$12,500 ($15,500) per lot
$750 ($750)/ lot / side
|
$10,000 ($12,400) per lot
$600 ($600)/ lot / side
|
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.