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HKFE Announces Revised Margins for China Merchants Bank and HSBC Futures

Market Operations
24 Jul 2012

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

 

HKFE Announces Revised Margins for China Merchants Bank and HSBC 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 Thursday, 26 July 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 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$)
Maintenance Margin
(HK$)
China Merchants Bank Co., Ltd. Full Rate 599 /lot 479 /lot
Spread Rate 180 /spread 144 /spread
HSBC Holdings Plc. Full Rate 2,100 /lot 1,680 /lot
Spread Rate 630 /spread 504 /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 24 Jul 2012