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, 14 December, 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 China Resources Enterprise Futures contracts in existence after the market close on 13 December, please refer to the news release on the HKEx website at the following link:
http://www.hkex.com.hk/news/hkexnews/0612052news.htm.
Futures Contract |
Margin Rate |
Initial Margin |
Maintenance Margin | ||
China Resources Enterprise Limited CRE |
Full Rate |
3,113 |
/lot |
2,490 |
/lot |
Spread Rate |
934 |
/spread |
747 |
/spread | |
China Resources Enterprise Limited CRA |
Full Rate |
3,250 |
/lot |
2,600 |
/lot |
Spread Rate |
975 |
/spread |
780 |
/spread |
HKFE emphasises that the above are minimum margin rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.