Margin Rates Set for Futures Contracts on China Communications Construction, Foxconn International, and PICC Property and Casualty
Market Operations
15 Mar 2007
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
Margin Rates Set for Futures Contracts on China Communications Construction, Foxconn International, and PICC Property and Casualty
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 Communications Construction Co Ltd, Foxconn International Holdings Ltd, and PICC Property and Casualty Co Ltd, which will be introduced on Monday, 19 March 2007.
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 Communications
Construction Co Ltd |
Full Rate |
1,062 |
/lot |
850 |
/lot |
| Spread Rate |
319 |
/spread |
255 |
/spread |
| |
|
|
|
|
|
Foxconn International
Holdings Ltd |
Full Rate |
2,800 |
/lot |
2,240 |
/lot |
| Spread Rate |
840 |
/spread |
672 |
/spread |
| |
|
|
|
|
|
PICC Property and
Casualty Co Ltd |
Full Rate |
1,368 |
/lot |
1,094 |
/lot |
| Spread Rate |
410 |
/spread |
328 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.