Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

HSI, MHI, HHI, MCH and DHH 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), Mini H-shares Index (MCH) and HSCEI Dividend Point Index (DHH) futures markets on Friday, 28 September 2012 based on open positions in the markets at around 3:00 pm on 28 September.

Stock Options Market

There will be special intra-day margin calls on Friday, 28 September 2012 in respect of all open positions in the stock options market at around 3:00 pm on 28 September.

The margin levels of HSI, MHI, HHI, MCH and DHH futures contracts and the margin intervals for all stock options classes will be increased temporarily after the close of business on 27 September 2012.  The margin levels and margin intervals will be restored to normal after the close of business on 28 September 2012.

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