Margin Rates Set for MSCI China Free Index Futures Contract
Market Operations
23 Apr 2001
Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the MSCI China Free Index (CFI) Futures contract, which will be introduced on Monday, 7 May 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 contract:
|
Futures Contract
|
Margin Rates
|
Initial Margin
|
Maintenance Margin
|
| MSCI China Free Index Futures |
Full Rates
Spread Rates
|
$27,500 per lot
$3,500 / lot / side
|
$22,000 per lot
$2,800 / lot / side
|
Note: The above margins may be adjusted prior to 7 May.
The Exchange emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients individual circumstances.