Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx: Futures And Options Markets Arrangements Following Today's Trading Interruption

Date 28/05/2002

Hong Kong Exchanges and Clearing Limited (HKEx) said today that futures and options trading was interrupted at 3:12 pm due to a power failure. The UPS system failed to immediately takeover. Conversion to the alternative back-up centre took place at 4:00pm. The Exchange is required to provide participants 30 minutes notice prior to reopening. The Exchange with the Securities and Futures Commission made the decision not to re-open the markets.

Trading of EFN Futures, HIBOR Futures, International Stock Futures and Options and Dow Jones Industrial Average Futures will resume at 4:30 pm.

Trading of Hong Kong stock-related futures and options will remain closed for the day.

The securities market closed at its normal time: 4:00 pm.

Clearing and settlement of futures and options will operate as normal in accordance with to the Rules and Procedures of the HKCC and SEOCH.