HKFE Announces Revised Margins for Bank of China Futures, Hang Seng Bank Futures and ICBC Futures
Market Operations
12 Oct 2007
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Revised Margins for Bank of China Futures, Hang Seng Bank Futures and ICBC Futures
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 Tuesday, 16 October 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).
| Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
| Bank of China Limited |
Full Rate |
475 |
/lot |
380 |
/lot |
| Spread Rate |
143 |
/spread |
114 |
/spread |
| Hang Seng Bank Limited |
Full Rate |
1,532 |
/lot |
1,226 |
/lot |
| Spread Rate |
460 |
/spread |
368 |
/spread |
| Industrial and Commercial Bank of China Limited |
Full Rate |
803 |
/lot |
642 |
/lot |
| Spread Rate |
241 |
/spread |
193 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.