HKFE Amends Margins for Two International Stock Futures Contracts
Market Operations
04 Oct 2001
Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announced today (Thursday) that it has amended the margins for two International Stock Futures contracts. Effective immediately, 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 below.
* Amounts in brackets are the margin rates prior to the amendments:
| US Stock Futures Contract |
Margin Rate |
Initial Margin
(US$)
|
Maintenance Margin
(US$)
|
| IBM Corporation |
Spread Rate |
152.50 (140) /lot/side
|
122 (112) /lot/side
|
| Japan Stock Futures Contract |
Margin Rate |
Initial Margin
(JPY)
|
Maintenance Margin
(JPY)
|
| Nippon Telegraph & Telephone Corporation |
Spread Rate |
12,500 (10,500) lot/side
|
10,000 (8,400) /lot/side
|
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.