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HKFE Announces Revised Margins for Hang Seng Index Futures and Mini-Hang Seng Index Futures

Market Operations
16 Oct 2008

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, 20 October 2008, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract 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$)
Maintenance Margin
(HK$)
  
Hang Seng Index Full Rate 164,400 /lot 131,520 /lot
Spread Rate 7,500 /spread 6,000 /spread
  
Mini-Hang Seng Index Full Rate 32,880 /lot 26,304 /lot
Spread Rate 1,500 /spread 1,200 /spread

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

Updated 16 Oct 2008