HKFE Announces Margin Rates for Adjusted CMB Futures Contracts
Market Operations
28 Aug 2013
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Margin Rates for Adjusted CMB Futures Contracts
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, 29 August 2013, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the China Merchants Bank Co., Ltd. (CMB) 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 23 August 2013 HKEx news release for details of the adjustment of CMB futures contracts.
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$) |
Maintenance Margin
(HK$) |
|
|
|
|
|
China Merchants Bank Co., Ltd.
(CMB: Multiplier = 500) |
Full Rate |
649 |
/lot |
519 |
/lot |
|
Spread Rate |
195 |
/spread |
156 |
/spread |
|
|
|
|
|
|
China Merchants Bank Co., Ltd.
(CMA: Multiplier = 512) |
Full Rate |
664 |
/lot |
531 |
/lot |
|
Spread Rate |
200 |
/spread |
160 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
Ends