HKFE Announces Revised Margins for Futures Contracts
Market Operations
19 Nov 2013
Hong Kong
Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Revised Margins for 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, 21 November 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.
|
Futures Contract
|
Margin Rate
|
Initial Margin
(HK$)
|
Maintenance Margin
(HK$)
|
|
|
|
|
|
|
H-shares Index
|
Full Rate
|
41,650
|
/lot
|
33,300
|
/lot
|
|
Spread Rate
|
12,500
|
/spread
|
10,000
|
/spread
|
|
|
|
|
|
|
|
|
Mini H-shares Index
|
Full Rate
|
8,330
|
/lot
|
6,660
|
/lot
|
|
Spread Rate
|
2,500
|
/spread
|
2,000
|
/spread
|
|
|
|
|
|
|
|
|
Bank of China Ltd
|
Full Rate
|
258
|
/lot
|
206
|
/lot
|
|
Spread Rate
|
78
|
/spread
|
62
|
/spread
|
|
|
|
|
|
|
|
|
Bank of Communications Co Ltd
|
Full Rate
|
497
|
/lot
|
398
|
/lot
|
|
Spread Rate
|
150
|
/spread
|
120
|
/spread
|
|
|
|
|
|
|
|
|
China Construction Bank Corporation
|
Full Rate
|
427
|
/lot
|
342
|
/lot
|
|
Spread Rate
|
129
|
/spread
|
103
|
/spread
|
|
|
|
|
|
|
|
|
China Life Insurance Company Ltd
|
Full Rate
|
2,180
|
/lot
|
1,750
|
/lot
|
|
Spread Rate
|
654
|
/spread
|
525
|
/spread
|
|
|
|
|
|
|
|
|
Industrial and Commercial Bank of China Ltd
|
Full Rate
|
385
|
/lot
|
308
|
/lot
|
|
Spread Rate
|
116
|
/spread
|
93
|
/spread
|
|
|
|
|
|
|
|
|
Ping An Insurance (Group) Co of China Ltd
|
Full Rate
|
3,370
|
/lot
|
2,700
|
/lot
|
|
Spread Rate
|
1,020
|
/spread
|
810
|
/spread
|
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
Ends