HKEx Announces Details of Temporary Holiday Risk Management Arrangements
Market Operations
16 Jan 2012
Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 9 January 2012.
HSI, MHI, HHI and MCH Futures Markets
The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures contracts will be temporarily increased after the close of business on 19 January 2012 (Thursday) as outlined in the table below:
The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI, HHI and MCH futures contracts will be restored to the current levels after the close of business on 20 January 2012.
Stock Options Market
The margin intervals for all options classes will be increased temporarily after the close of business on 19 January 2012 (see Appendix). The margin intervals will be restored to normal after the close of business on 20 January 2012.
The above arrangements are based on the clearing houses’ normal procedures. Exchange Participants have been advised to give advance notice to their clients regarding the arrangements where appropriate.
Appendix