Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins For Bank Of China Futures

Date 05/11/2010



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 today (Friday), the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Please see the 1 November 2010 HKEx news release for details of the Bank of China 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$)

Bank of China Limited
(BCL: Multiplier = 1000)

Full Rate

289

/lot

231

/lot

Spread Rate

87

/spread

70

/spread

Bank of China Limited
(BCB: Multiplier = 1043)

Full Rate

301

/lot

241

/lot

Spread Rate

91

/spread

73

/spread

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