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HKFE Announces Margin Rates for Adjusted Bank of East Asia Futures Contracts

Market Operations
13 Mar 2009

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

 

HKFE Announces Margin Rates for Adjusted Bank of East Asia 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 Wednesday, 18 March 2009, 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 25 February 2009 HKEx news release for details of The Bank of East Asia Limited futures contracts in the table 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 Bank of East Asia Limited
(BEA: Multiplier = 200)
Full Rate 559 /lot 447 /lot
Spread Rate 168 /spread 134 /spread
  
The Bank of East Asia Limited
(BEB: Multiplier = 220)
Full Rate 615 /lot 492 /lot
Spread Rate 185 /spread 148 /spread

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

Updated 13 Mar 2009