HKFE Announces Margin Rates For Adjusted Cathay Pacific Futures

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 Thursday, 19 October 2006, 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.   

For details of the adjustment to the contract terms of all open Cathay Pacific Airways Futures contracts in existence after the market close on 18 October 2006, please refer to the news release on the HKEx website at the following link: http://www.hkex.com.hk/news/hkexnews/061010news.htm.

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