Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.
HSI, MHI, HHI and MCH Futures Markets
There will be mandatory intra-day variation adjustment calls in the Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures markets on Friday, 23 December 2011 based on open positions in the markets at around 3:00 pm on 23 December.
Stock Options Market
There will be special intra-day margin calls on Friday, 23 December 2011 in respect of all open positions in the stock options market at around 3:00 pm on 23 December.
The margin levels of HSI, MHI, HHI and MCH futures contracts and the margin intervals for all stock options classes will be increased temporarily after the close of business on 22 December 2011. Details of the temporary margin levels and margin intervals will be announced on 19 December 2011. The margin levels and margin intervals will be restored to normal after the close of business on 23 December 2011.
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.
Ends