Margin Rates Set for Futures Contracts on China Merchants Bank Co Ltd and Industrial and Commercial Bank of China Limited
Market Operations
25 Oct 2006
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
Margin Rates Set for Futures Contracts on China Merchants Bank Co Ltd and Industrial and Commercial Bank of China Limited
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for futures contracts on China Merchants Bank Co Ltd and Industrial and Commercial Bank of China Limited, which will be introduced on Friday, 27 October 2006.
The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the contract:
| Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
China Merchants Bank
Co Ltd |
Full Rate |
551 |
/lot |
441 |
/lot |
| Spread Rate |
165 |
/spread |
132 |
/spread |
| |
|
|
|
Industrial and Commercial
Bank of China Limited |
Full Rate |
540 |
/lot |
432 |
/lot |
| Spread Rate |
162 |
/spread |
130 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.