Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins For China Merchants Bank Futures

Date 30/08/2013

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, 2 September 2013, 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$)

 

 

 

 

China Merchants Bank Co., Ltd.
(CMB: Multiplier = 500)

Full Rate

599

/lot

480

/lot

Spread Rate

180

/spread

145

/spread

 

 

 

 

China Merchants Bank Co., Ltd.
(CMA: Multiplier = 512)

Full Rate

613

/lot

491

/lot

Spread Rate

184

/spread

148

/spread

 

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