Margin Rates Set for FTSE/Xinhua China 25 Index Futures
Market Operations
19 May 2005
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
Margin Rates Set for FTSE/Xinhua China 25 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 FTSE/Xinhua China 25 Index Futures contract, which will be introduced on Monday, 23 May 2005.
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$) |
Maintenance Margin
(HK$) |
|
FTSE/Xinhua China 25 Index Futures |
Full Rate |
24,950 |
/lot |
19,960 |
/lot |
|
Spread Rate |
7,485 |
/spread |
5,988 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.