Margin Rates Set for DJIA Futures Contract
Market Operations
29 Apr 2002
Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the Dow Jones Industrial Average (DJIA) Futures contract, which will be introduced on Monday, 6 May 2002.
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 Rate
|
Initial Margin
(HK$)
|
Maintenance Margin
(HK$)
|
|
DJIA Futures
|
Full Rates
Spread Rates |
$6,375 per lot
$955/lot/side
|
$5,100 per lot
$764/lot/side
|
Note: The above margins may be adjusted prior to 6 May.
The Exchange emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.