HKFE Announces Margin Rates for CES 120 Futures
Market Operations
06 Aug 2013
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Margin Rates for CES 120 Futures
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced margin rates for the CES China 120 Index Futures (CES 120 Futures) that will begin trading in its derivatives market on Monday, 12 August 2013.
The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the contract. The margins are based on the clearing company’s normal procedures and standard margining methodology.
|
Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
|
|
|
|
|
|
CES China 120 Index Futures |
Full Rate |
12,000 |
/lot |
9,600 |
/lot |
|
Spread Rate |
3,600 |
/spread |
2,880 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
For additional information on CES 120 Futures, please see the 24 July 2013 news release, "HKEx to Introduce CES 120 Futures on 12 August", in the news release section of the HKEx website.
Ends