Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins For Hong Kong And China Gas Futures

Date 13/05/2010

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 Friday, 14 May 2010, 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.

Please see the 23 March 2010 HKEx news release for details of the adjusted Hong Kong and China Gas futures contracts below.

For the current margins, please refer to the margin information on the HKEx website.  

 

Futures Contract

Margin Rate

Initial Margin
(HK$)

Maintenance Margin
(HK$)

 

 

 

 

Hong Kong and China Gas Company Limited
(HKG: Multiplier = 1,000)

Full Rate

1,173

/lot

936

/lot

Spread Rate

352

/spread

281

/spread

 

 

 

 

Hong Kong and China Gas Company Limited
(HKA: Multiplier = 1,100)

Full Rate

1,290

/lot

1,030

/lot

Spread Rate

387

/spread

309

/spread


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