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HKFE Announces Revised Margins For H-shares Index Futures Contract

Date 08/10/2007

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announced that with effect from the commencement of trading on Wednesday, 10 October 2007, 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
(HK$)

Maintenance
(HK$)

H-shares Index Futures

Full Rate

109,040

/lot

87,232

/lot

Spread Rate

32,710

/spread

26,170

/spread

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