Margin Rates Set for BOC Hong Kong (Holdings) Limited Futures Contract
Market Operations
13 Mar 2003
Hong Kong Futures Exchange Limited
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
Margin Rates Set for BOC Hong Kong (Holdings) Limited Futures Contract
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the BOC Hong Kong (Holdings) Limited (BOC) Futures contract, which will be introduced on Monday, 17 March 2003.
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$) |
Maintenance Margin
(HK$) |
| BOC |
Full Rate |
260 |
per lot |
208 |
per lot |
| Spread Rate |
40 |
/lot/side |
32 |
/lot/side |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.