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HKFE Announces Revised Margins for Futures Contracts

Market Operations
02 Apr 2009

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

 

HKFE Announces Revised Margins for 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 Monday, 6 April 2009, 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$)
Maintenance Margin
(HK$)
  
H-shares Index Full Rate 56,700 /lot 45,400 /lot
Spread Rate 17,010 /spread 13,620 /spread
   
Mini H-shares Index Full Rate 11,340 /lot 9,080 /lot
Spread Rate 3,410 /spread 2,730 /spread
 
Hong Kong Exchanges and Clearing Ltd Full Rate 1,180 /lot 940 /lot
Spread Rate 354 /spread 282 /spread
   
Sun Hung Kai Properties Ltd Full Rate 9,720 /lot 7,770 /lot
Spread Rate 2,920 /spread 2,340 /spread

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

Updated 02 Apr 2009