HKEx Announces Details Of Temporary Holiday Risk Management Arrangemen

 Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following details of the holiday risk management arrangements.

HSI, MHI, HHI, MCH, DHH and CUS Futures Markets

 The margin levels of RMB Currency (CUS) futures contract will be temporarily increased after 4:15 pm on 17 February 2015 (Tuesday) as outlined in the table below: 

The spread margin rates will remain unchanged during this period.  The margin levels of CUS futures contract will be restored to the current levels after 12:00 noon on Wednesday, 18 February 2015.

The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI), Mini H-shares Index (MCH) and HSCEI Dividend Point Index (DHH) futures contracts will remain unchanged.

There will be mandatory intra-day variation adjustment calls in the HSI, MHI, HHI, MCH, DHH and CUS futures markets on 18 February at around 12:00 noon.

As there will be no after-hours futures trading session on 18 February, no mandatory intra-day variation adjustment and margin call will be made by the Clearing House on the business day after the holiday, ie Monday, 23 February 2015.

Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 17 February (see Appendix).  The margin intervals will be restored to normal after 12:00 noon on 18 February 2015.

There will be special intra-day margin calls on 18 February 2015 in respect of all open positions in the stock options market at around 12:00 noon.

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