HKFE Announces Margin Rates for Adjusted Hong Kong & China Gas Futures
Market Operations
06 Jun 2013
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Margin Rates for Adjusted Hong Kong & 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, 7 June 2013, 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 19 March 2013 HKEx news release for details of The Hong Kong and China Gas Company Limited’s futures contracts, in the table below.
For the current margins, please refer to the margin information on the HKEx website.
|
Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
|
|
|
|
|
The Hong Kong and China Gas Co. Ltd.
(HKG: Multiplier = 1,000) |
Full Rate |
1,309 |
/lot |
1,045 |
/lot |
|
Spread Rate |
393 |
/spread |
314 |
/spread |
|
|
|
|
|
|
The Hong Kong and China Gas Co. Ltd.
(HKA: Multiplier = 1,100) |
Full Rate |
1,440 |
/lot |
1,150 |
/lot |
|
Spread Rate |
432 |
/spread |
345 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
Ends