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HKFE Announces Revised Margins for Hong Kong and China Gas Futures

Market Operations
13 May 2010

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

HKFE Announces Revised Margins for Hong Kong and China Gas Futures

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 14 May 2010, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below.  The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Please see the 23 March 2010 HKEx news release for details of the adjusted Hong Kong and China Gas futures contracts below.

For the current margins, please refer to the margin information on the HKEx website.

Futures Contract Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
Hong Kong and China Gas Company Limited
(HKG: Multiplier = 1,000)
Full Rate 1,173 /lot 936 /lot
Spread Rate 352 /spread 281 /spread
Hong Kong and China Gas Company Limited
(HKA: Multiplier = 1,100)
Full Rate 1,290 /lot 1,030 /lot
Spread Rate 387 /spread 309 /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 13 May 2010