HKFE Announces Revised Margins for Three-Month HIBOR and Sun Hung Kai Properties Futures Contacts
Market Operations
21 Sep 2007
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Revised Margins for Three-Month HIBOR and Sun Hung Kai Properties Futures Contacts
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 Monday, 24 September 2007, 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.
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).
|
Three-Month HIBOR |
Full Rate |
3,943 |
/lot |
3,155 |
/lot |
|
Spread Rate |
Please refer to attached table |
| |
|
|
|
|
|
|
Sun Hung Kai Properties Limited |
Full Rate |
14,701 |
/lot |
11,761 |
/lot |
|
Spread Rate |
4,410 |
/spread |
3,528 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
Spread Margin Rates
for Three-Month HIBOR Futures
|
1st month vs 9th month
1st month vs 10th month
2nd month vs 9th month
2nd month vs 10th month
3rd month vs 9th month
3rd month vs 10th month
4th month vs 9th month
4th month vs 10th month
|
4,413
per spread
|
3,531
per spread
|
|
1st month vs 5th month
1st month vs 6th month
1st month vs 7th month
1st month vs 8th month
2nd month vs 5th month
2nd month vs 6th month
2nd month vs 7th month
2nd month vs 8th month
3rd month vs 5th month
3rd month vs 6th month
3rd month vs 7th month
3rd month vs 8th month
4th month vs 5th month
4th month vs 6th month
4th month vs 7th month
4th month vs 8th month
|
4,099
per spread
|
3,279
per spread
|
|
5th month vs 9th month
5th month vs 10th month
6th month vs 9th month
6th month vs 10th month
7th month vs 9th month
7th month vs 10th month
8th month vs 9th month
8th month vs 10th month
|
3,680
per spread
|
2,944
per spread
|
|
9th month vs 10th month
|
3,081
per spread
|
2,465
per spread
|
|
5th month vs 6th month
5th month vs 7th month
5th month vs 8th month
6th month vs 7th month
6th month vs 8th month
7th month vs 8th month
|
2,865
per spread
|
2,292
per spread
|
|
1st month vs 2nd month
1st month vs 3rd month
1st month vs 4th month
2nd month vs 3rd month
2nd month vs 4th month
3rd month vs 4th month
|
2,760
per spread
|
2,208
per spread
|