Margin Rates Set for Futures Contracts on Denway Motors Limited and Esprit Holdings Limited
Market Operations
06 Jul 2005
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
Margin Rates Set for Futures Contracts on Denway Motors Limited and Esprit Holdings Limited
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for futures contracts on Denway Motors Limited and Esprit Holdings Limited, which will be introduced on Monday, 11 July 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$) |
Maintenance Margin
(HK$) |
|
Denway Motors Limited |
Full Rate |
360 |
/lot |
288 |
/lot |
|
Spread Rate |
108 |
/spread |
86 |
/spread |
|
|
|
|
|
|
|
Esprit Holdings Limited
|
Full Rate |
2,075 |
/lot |
1,660 |
/lot |
|
Spread Rate |
623 |
/spread |
498 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.