HKFE Announces Margin Rates For Adjusted PICC 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 Monday, 5 December 2011, 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 29 November 2011 HKEx news release for details of PICC Property and Casualty Co. Ltd., or PICC futures contracts, in the table below.

For the current margins, please refer to the margin information on the HKEx website.

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