Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 30 March 2009.
HSI, MHI, HHI and MCH Futures Markets
The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures contracts will be temporarily increased after the close of business on 8 April 2009 (Wednesday) as outlined in the table below.
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The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI, HHI and MCH futures contracts will be restored to the current levels after the close of business on 9 April 2009. |
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* |
Refers to HKEx news release on 6 April. |
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** |
Refers to HKEx news release on 2 April. |
Stock Options Market
The margin intervals for all options classes will be increased temporarily after the close of business on 8 April 2009 (see Appendix). The margin intervals will be restored to normal after the close of business on 9 April 2009.
The above arrangements are based on the clearing houses’ normal procedures. Exchange Participants have been advised to give advanced notice to their clients regarding the arrangements where appropriate.
Appendix