HKFE Revises Margins for China Mobile Futures
Market Operations
04 May 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 the commencement of trading on Monday, 7 May the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are the result of a regular review of market conditions and are based on the clearing company's standard margining methodology.
* Amounts in brackets are the original margin rates:
|
Futures Contract
|
Margin Rates
|
Initial Margin
|
Maintenance Margin
|
| China Mobile (Hong Kong) Ltd Futures |
Full Rates
Spread Rates
|
$17,125 ($15,000) per lot
$2,575 ($2,250)/ lot / side
|
$13,700 ($12,000) per lot
$2,060 ($1,800)/ lot / side
|
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.