HKFE Announces Temporary Holiday Adjustments to Margins for Four Futures Contracts
Market Operations
30 Mar 2007
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Temporary
Holiday
Adjustments to Margins for
Four Futures Contracts
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that 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 temporarily increased from the close of business on 3 April 2007 through 9 April 2007 in connection with the Ching Ming and Easter holidays as outlined in the table below. The adjustments are based on the clearing company's normal procedures and standard margining methodology.
* The spread margin rates will remain unchanged from the close of business on 3 April 2007 through 9 April 2007.
The margin levels of HSI, MHI, HHI and HB3 futures contracts will be restored to the current levels with effect from the commencement of trading on 10 April 2007.