HKFE Announces Revised Margins for HKEx Futures Contracts Related to Change of Contract Multiplier
Market Operations
26 Jun 2006
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Revised Margins for HKEx Futures Contracts Related to Change of Contract Multiplier
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on today, Monday, 26 June 2006, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company's normal procedures and standard margining methodology.
Please see the 9 June 2006 HKEx news release for details of the change of the trading and clearing of HKEx Futures.
For the current margins, please refer to the margin information on the HKEx website at the following link (http://www.hkex.com.hk/eng/market/rm/rm_dcrm/riskdata/margin_hkcc/fomargin.htm).
| Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
| Hong Kong Exchanges and Clearing Limited Futures (HEX-Multiplier = 500) |
Full Rate |
3,989 |
/lot |
3,191 |
/lot |
| Spread Rate |
1,197 |
/spread |
957 |
/spread |
| Hong Kong Exchanges and Clearing Limited Futures (HEA-Multiplier = 2000) |
Full Rate |
15,956 |
/lot |
12,764 |
/lot |
| Spread Rate |
4,787 |
/spread |
3,829 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.