Please see the 9 March 2004 HKEx news release, Arrangements for Adjustment of NWD and CNOOC Futures and Options, for details of the capital adjustment of CNOOC Limited, or CNOOC, Futures.
For the current margins, please refer to the HKEx website (http://www.hkex.com.hk) and see Trading Information - Futures & Options in the Derivatives Market section.
Futures Contract | Margin Rate | Initial Margin | Maintenance Margin |
CNOOC Ltd. (CNC with contract multiplier 1,000) | Full Rate | 316 per lot | 252.8 per lot |
Spread Rate | 48 lot/side | 38.4 lot/side | |
CNOOC Ltd. (Temporary contract CNA with contract multiplier 2,500) | Full Rate | 790 per lot | 632 per lot |
Spread Rate | 120 lot/side | 96 lot/side |
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.