Margin Rates Set for H-shares Index Futures
Market Operations
03 Dec 2003
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:
|
Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
|
H-shares Index Futures |
Full Rate |
16,100 per lot |
12,880 per lot |
|
Spread Rate |
2,415/lot/side |
1,932 /lot/side |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.