HKFE Announces Margin Rates for Adjusted Hong Kong and China Gas Futures Contracts
Market Operations
06 Jun 2012
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Margin Rates for Adjusted Hong Kong and China Gas Futures Contracts
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 Thursday, 7 June 2012, 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 as outlined in the table below. The margins are based on the clearing company’s normal procedures and standard margining methodology.
Please see the 21 March 2012 HKEx news release for details of Hong Kong and China Gas futures contracts in the table below.
|
Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
|
|
|
|
|
The Hong Kong and China Gas Company Limited
(HKG: Multiplier = 1,000) |
Full Rate |
1,018 |
/lot |
815 |
/lot |
|
Spread Rate |
305 |
/spread |
245 |
/spread |
|
|
|
|
|
The Hong Kong and China Gas Company Limited
(HKA: Multiplier = 1,100) |
Full Rate |
1,120 |
/lot |
896 |
/lot |
|
Spread Rate |
336 |
/spread |
269 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
Ends