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HKFE Announces Revised Margins for Henderson Land Futures

Market Operations
16 Apr 2010

Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

HKFE Announces Revised Margins for HendersonLand Futures

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today (Friday) adjusted the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract 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$)

 

Henderson Land Development Company Limited
(HLD: Multiplier =1,000)

Full Rate

4,760

/lot

3,808

/lot

Spread Rate

1,430

/spread

1,144

/spread

 

Henderson Land Development Company Limited
(HLA: Multiplier =1,021)

Full Rate

4,860

/lot

3,890

/lot

Spread Rate

1,460

/spread

1,170

/spread

HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.


Ends

Updated 16 Apr 2010