HKEx: Margin Rates Set For DJIA Futures Contract

Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the Dow Jones Industrial Average (DJIA) Futures contract, which will be introduced on Monday, 6 May 2002.

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:

Futures Contract	Margin Rate	Initial Margin (HK$)	Maintenance Margin (HK$)
DJIA Futures	Full Rates Spread Rates	$6,375 per lot $955/lot/side	$5,100 per lot $764/lot/side

Note: The above margins may be adjusted prior to 6 May.

The Exchange emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.