Margins Rates set for China Petroleum & Chemical Corporation, CNOOC Limited and Huaneng Power International, Inc Futures Contracts
Market Operations
18 Jul 2002
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has set margin rates for China Petroleum & Chemical Corporation (Sinopec), CNOOC Limited and Huaneng Power International, Inc futures contracts, which will be introduced on Monday, 22 July 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:
| China Petroleum & Chemical Corporation (Sinopec) |
Full Rate |
200 per lot
|
160 per lot
|
Spread Rate
|
30/lot/side
|
24/lot/side
|
| CNOOC Limited |
Full Rate |
440 per lot
|
352 per lot
|
Spread Rate
|
65/lot/side
|
52/lot/side
|
| Huaneng Power International, Inc |
Full Rate |
1,100 per lot
|
880 per lot
|
Spread Rate
|
165/lot/side
|
132/lot/side
|
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.