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HKFE Announces Margin Rates for Adjusted Wharf Futures Contracts

Market Operations
12 Dec 2007

Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

 

HKFE Announces Margin Rates for Adjusted Wharf Futures Contracts

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 Thursday, 13 December 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 margins are based on the clearing company's normal procedures and standard margining methodology.

Please see the 5 December 2007 HKEx news release for details of the adjusted Wharf futures contracts below.

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$)
Maintenance Margin
(HK$)
The Wharf (Holdings) Ltd
(WHL: Multiplier = 1,000)
Full Rate 6,223 /lot 4,978 /lot
Spread Rate 1,867 /spread 1,493 /spread
 
The Wharf (Holdings) Ltd
(WHA: Multiplier = 1,040)
Full Rate 6,470 /lot 5,176 /lot
Spread Rate 1,941 /spread 1,553 /spread

HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.

Updated 12 Dec 2007

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