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HKFE Announces Margin Rates for Adjusted Swire Pacific A Futures

Market Operations
18 Jan 2012

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 Thursday, 19 January 2012, 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 22 December 2011 HKEx news release for details of Swire Pacific Limited ‘A’, or Swire Pacific A futures contracts, in the table below.

For the current margins, please refer to the margin information on the HKEx website at the following link.

Futures Contract Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
Swire Pacific Limited 'A'
(SWE: Multiplier = 575)
Full Rate 4,143 /lot 3,315 /lot
Spread Rate 1,243 /spread 994 /spread
Swire Pacific Limited 'A'
(SWF: Multiplier = 575)
Full Rate 4,143 /lot 3,315 /lot
Spread Rate 1,243 /spread 994 /spread

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


Ends

Updated 18 Jan 2012