Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 11 June 2010, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The margins are based on the clearing company's normal procedures and standard margining methodology.
Please
see the 7 June 2010 HKEx news
release for details of the Bank of
Communications futures contracts in the table below.
For the current margins, please refer to the margin
information on the HKEx website.
|
Futures Contract |
Margin Rate |
Initial Margin |
Maintenance Margin |
||
|
|
|
|
|
||
|
Bank of Communications Co., Ltd. |
Full Rate |
730 |
/lot |
585 |
/lot |
|
Spread Rate |
219 |
/spread |
176 |
/spread |
|
|
|
|
|
|
|
|
|
Bank of Communications Co., Ltd. |
Full Rate |
769 |
/lot |
616 |
/lot |
|
Spread Rate |
231 |
/spread |
185 |
/spread |
|
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
