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HKFE Announces Revised Margins For Hang Seng Index And Mini-Hang Seng Index Futures Contracts

Date 06/04/2009

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, 7 April 2009, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract 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/tradinfo/futuresmargin/FOmargin.htm).

 

Futures Contract

Margin Rate

Initial Margin
(HK$)

Maintenance Margin
(HK$)

            

Hang Seng Index

Full Rate

90,450

/lot

72,400

/lot

Spread Rate

7,500

/spread

6,000

/spread

             

Mini-Hang Seng Index

Full Rate

18,090

/lot

14,480

/lot

Spread Rate

1,500

/spread

1,200

/spread

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