HKFE Announces Revised Margins for China Life Insurance, HKEx, ICBC and Ping An Insurance Futures Contract
Market Operations
15 Oct 2010
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Revised Margins for China Life Insurance, HKEx, ICBC and Ping An Insurance Futures Contract
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 Tuesday, 19 October 2010, 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.
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China Life Insurance Company Limited
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Full Rate
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3,170
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/lot
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2,540
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/lot
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Spread Rate
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951
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/spread
|
762
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/spread
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Hong Kong Exchanges and Clearing Limited
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Full Rate
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1,420
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/lot
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1,140
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/lot
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Spread Rate
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426
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/spread
|
342
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/spread
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Industrial and Commercial Bank of China Limited
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Full Rate
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412
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/lot
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330
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/lot
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Spread Rate
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124
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/spread
|
99
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/spread
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Ping An Insurance (Group) Company of China Limited
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Full Rate
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3,960
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/lot
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3,170
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/lot
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Spread Rate
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1,190
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/spread
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951
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/spread
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HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
Ends