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FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins For Bank Of Communications, China Merchants Bank And Industrial And Commercial Bank Of China Futures

Date 10/09/2012

 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 Wednesday, 12 September 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 adjustments are based on the clearing company’s normal procedures and standard margining methodology.

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 Communications Co., Ltd.

Full Rate

475

/lot

380

/lot

Spread Rate

143

/spread

114

/spread

 

 

China Merchants Bank Co., Ltd.

Full Rate

511

/lot

409

/lot

Spread Rate

154

/spread

123

/spread

 

 

Industrial and Commercial Bank of China Ltd.

Full Rate

348

/lot

279

/lot

Spread Rate

105

/spread

84

/spread

 

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