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HKFE Announces Revised Margins For Hang Seng Index, Mini-Hang Seng Index, HSBC And China Construction Bank Futures Contracts

Date 01/12/2009

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 Thursday, 3 December 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

78,450

/lot

62,800

/lot

Spread Rate

7,500

/spread

6,000

/spread

           

Mini-Hang Seng Index

Full Rate

15,690

/lot

12,560

/lot

Spread Rate

1,500

/spread

1,200

/spread

           

HSBC Holdings PLC

Full Rate

3,670

/lot

2,940

/lot

Spread Rate

1,110