HKFE Announces Revised Margins for Aluminum Corporation, China Merchants Bank, HKEx and Ping An Insurance Futures
Market Operations
03 Jan 2013
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Revised Margins for Aluminum Corporation, China Merchants Bank, HKEx and Ping An Insurance Futures
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 Monday, 7 January 2013, 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 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.
|
|
|
|
|
|
Aluminum Corporation of China Ltd. |
Full Rate |
654 |
/lot |
523 |
/lot |
|
Spread Rate |
197 |
/spread |
157 |
/spread |
|
|
|
|
|
|
China Merchants Bank Co., Ltd. |
Full Rate |
587 |
/lot |
470 |
/lot |
|
Spread Rate |
177 |
/spread |
141 |
/spread |
|
|
|
|
|
|
Hong Kong Exchanges and Clearing Ltd. |
Full Rate |
1,160 |
/lot |
928 |
/lot |
|
Spread Rate |
348 |
/spread |
279 |
/spread |
|
|
|
|
|
|
Ping An Insurance (Group) Company of China, Ltd. |
Full Rate |
2,440 |
/lot |
1,960 |
/lot |
|
Spread Rate |
732 |
/spread |
588 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
Ends