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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 Tuesday, 9 December 2014, 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 at the following link (http://www.hkex.com.hk/eng/market/rm/rm_dcrm/riskdata/margin_hkcc/fomargin.htm).
| Futures Contract | Margin Rate | Initial Margin (HK$) | Maintenance Margin (HK$) |
| iShares FTSE A50 China Index ETF | Full Rate Spread Rate | 6,130/lot 1,840/spread | 4,910/lot 1,480/spread |
| ChinaAMC CSI 300 Index ETF | Full Rate Spread Rate | 6,710/lot 2,020/spread | 5,370/lot 1,620/spread |
| CITIC Ltd. | Full Rate Spread Rate | 935/lot 281/spread | 748/lot 225/spread |
| CSOP FTSE China A50 ETF | Full Rate Spread Rate | 6,240/lot 1,880/spread | 5,000/lot 1,500/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
