HKFE Announces Margin Rates For Adjusted Li & Fung Futures Contracts

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, 3 July 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the adjusted Li & Fung Ltd. 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 27 June 2014 HKEx news release for details of the adjustment of Li & Fung’s futures contracts (http://www.hkex.com.hk/eng/newsconsul/hkexnews/2014/140627news.htm).

For the current margins, please refer to the margin information on the HKEx website at the following link (http://www.hkex.com.hk/eng/market/rm/rm_dcrm/riskdata/margin_hkcc/fomargin.htm).

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