Margin Rates Set for H-shares Index Futures

Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

Margin Rates Set for H-shares Index Futures

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the H-shares Index Futures contract, which will be introduced on Monday, 8 December 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:

HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.