HKEx Announces Details Of Temporary Holiday Risk Management Arrangements

 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

 There will be mandatory intra-day variation adjustment calls in the Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI), Mini H-shares Index (MCH), HSCEI Dividend Point Index (DHH) and RMB Currency (CUS) futures markets on Thursday, 17 April 2014 based on open positions in the markets at around 3:00 pm.

The margin levels of HSI, MHI, HHI, MCH and DHH futures contracts will be temporarily increased after 4:15 pm on 16 April 2014 (Wednesday) as outlined in the table below: 

The margin levels of CUS futures contracts will remain unchanged.

The spread margin rates will remain unchanged during this period.  The margin levels of HSI, MHI, HHI, MCH and DHH futures contracts will be restored to the current levels after 4:15 pm on 17 April 2014.

Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 16 April 2014 (see Appendix).  The margin intervals will be restored to normal after the close of business on 17 April 2014.

There will be special intra-day margin calls on 17 April 2014 in respect of all open positions in the stock options market at around 3 pm.

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