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 Thursday, 11 August 2011, 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.
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Futures Contract |
Margin Rate |
Initial Margin |
Maintenance Margin |
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Hang Seng Index |
Full Rate |
86,750 |
/lot |
69,400 |
/lot |
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Spread Rate |
7,500 |
/spread |
6,000 |
/spread |
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Mini-Hang Seng Index |
Full Rate |
17,350 |
/lot |
13,880 |
/lot |
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Spread Rate |
1,500 |
/spread |
1,200 |
/spread |
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H-shares Index |
Full Rate |
57,500 |
/lot |
46,000 |
/lot |
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Spread Rate |
17,250 |
/spread |
13,800 |
/spread |
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Mini H-shares Index |
Full Rate |
11,500 |
/lot |
9,200 |
/lot |
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Spread Rate |
3,450 |
/spread |
2,760 |
/spread |
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Bank of China Limited |
Full Rate |
298 |
/lot |
238 |
/lot |
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Spread Rate |
90 |
/spread |
72 |
/spread |
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BOC Hong Kong (Holdings) Ltd |
Full Rate |
825 |
/lot |
660 |
/lot |
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Spread Rate |
248 |
/spread |
198 |
/spread |
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China Construction Bank Corporation |
Full Rate |
530 |
/lot |
424 |
/lot |
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Spread Rate |
159 |
/spread |
128 |
/spread |
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PetroChina Company Limited |
Full Rate |
1,720 |
/lot |
1,380 |
/lot |
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Spread Rate |
516 |
/spread |
414 |
/spread |
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HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
