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HKFE Announces Margin Rates For Adjusted Esprit Holdings Futures Contracts

Date 26/10/2012

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 Monday, 29 October 2012, 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 companys normal procedures and standard margining methodology.

Please see the 24 October 2012 HKEx news release for details of Esprit Holdings Ltd. 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
(HK$)

Maintenance Margin
(HK$)

Esprit Holdings Ltd.
(ESP: Multiplier = 100) 

Full Rate 

192 

/lot 

154 

/lot 

Spread Rate 

58 

/spread 

47 

/spread

Esprit Holdings Ltd.
(ESA: Multiplier = 109)

Full Rate

208

/lot

167

/lot

Spread Rate

63

/spread

51

/spread

 

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