Hong Kong Exchanges and Clearing Limited (HKEx) has announced margin rates and information vendors’ access codes for the BRICS futures contracts that will begin trading in its derivatives market on Friday, 30 March 2012.
Please see the 14 March 2012 HKEx news release for details of the BRICS Futures.
Margin Rates
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of HKEx, has set margin rates for its BRICS futures. The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the contracts. The margins are based on the clearing company's normal procedures and standard margining methodology.
|
Futures Contract |
Margin Rate |
Initial Margin |
Maintenance Margin |
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|
IBOVESPA Futures |
Full Rate |
20,570 |
/lot |
16,460 |
/lot |
|
Spread Rate |
6,170 |
/spread |
4,940 |
/spread |
|
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|
|
|
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|
MICEX Index Futures |
Full Rate |
17,340 |
/lot |
13,870 |
/lot |
|
Spread Rate |
5,210 |
/spread |
4,170 |
/spread |
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|
|
|
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|
|
|
Sensex Index Futures |
Full Rate |
10,860 |
/lot |
8,690 |
/lot |
|
|
Spread Rate |
3,260 |
/spread |
2,610 |
/spread |
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|
|
|
FTSE/JSE Top40 Futures |
Full Rate |
18,580 |
/lot |
14,860 |
/lot |
|
|
Spread Rate |
5,580 |
/spread |
4,460 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
Information Vendor Access Codes of Underlying Index and Corresponding BRICS Futures (as of 16 March 2012)
Information Vendor Access Codes of Benchmark Indices of BRICS Exchanges
|
Vendor Name |
IBOVESPA |
MICEX Index |
Sensex Index |
FTSE/JSE Top40 Index |
|
AFE Solutions Ltd |
837450 (real-time) |
837450 (real-time) |
837450 (real-time) |
837450 (day end) |
|
Bloomberg Finance L.P. |
IBOVE index <GO> |
INDEXCF index <GO> |
SENSEX index <GO> |
TOP40 index <GO> |
|
Reuters Limited, a Thomson Reuters Company |
.BVSP |
.MCX |
.BSESN |
.FTJ200 |
Information Vendor Access Codes of BRICS Futures at HKEx
|
Vendor Name |
HKEx’s IBOVESPA Futures |
HKEx’s MICEX Index Futures |
HKEx’s Sensex Index Futures |
HKEx’s FTSE/JSE Top40 Futures |
| AAStocks.com Limited |
221335 |
221350 |
221340 |
221345 |
| ACTIV Financial Systems, Inc. |
BOV/<Year> |
MCX/<Year> |
BSE/<Year> |
SAF/<Year> |
|
AFE Solutions Ltd. |
870795 |
870796 |
870797 |
870798 |
|
Bloomberg Finance L.P. |
BOSA index <GO> |
MIDA index<GO> |
SETA index<GO> |
FSEA index<GO> |
|
Infocast Ltd. |
Derivatives -> Futures |
Derivatives -> Futures |
Derivatives -> Futures |
Derivatives -> Futures |
|
Reuters Limited, a Thomson Reuters Company |
0#HBOV: |
0#HMCX: |
0#HBSE: |
0#HSAF: |
|
Telequote Data International Ltd. |
BOVmy |
MCXmy |
BSEmy |
SAFmy |
|
Trinity Securities Company Limited |
BOV |
MCX |
BSE |
SAF |
