HKEx Announces Details of Temporary Holiday Risk Management Arrangements
Market Operations
31 Jan 2008
Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following details of the holiday risk management arrangements it announced in its news release dated 25 January 2008 (http://www.hkex.com.hk/eng/newsconsul/hkexnews/2008/0801253news.htm).
HSI, MHI and HHI Futures Markets
The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI) and H-shares Index (HHI) futures contracts will be temporarily increased after the close of business on 5 February 2008 (Tuesday) as outlined in the table below.
|
Hang Seng Index
|
Current Level
Temporarily Increased Level
|
196,800 per lot
345,950 per lot
|
157,440 per lot
276,760 per lot
|
|
Mini HSI
|
Current Level
Temporarily Increased Level
|
39,360 per lot
69,190 per lot
|
31,488 per lot
55,352 per lot
|
|
H-shares Index
|
Current Level
Temporarily Increased Level
|
142,000 per lot
246,320 per lot
|
113,600 per lot
197,056 per lot
|
| * |
The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI and HHI futures contracts will be restored to the current levels after the close of business on 6 February 2008.
|
Stock Options Market
The margin intervals for all options classes will be increased temporarily by 1.73 times the normal margin intervals after the close of business on 5 February 2008. The margin intervals will be restored to normal after the close of business on 6 February 2008.
The above arrangements are based on the clearing houses’ normal procedures. Exchange Participants have been advised to give advanced notice to their clients regarding the arrangements where appropriate.