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HKFE Announces Revised Margins For iShares FTSE A50 China Index ETF & CSOP FTSE China A50 ETF Futures

Date 01/12/2014

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 Wednesday, 3 December 2014, 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 at the following link (http://www.hkex.com.hk/eng/market/rm/rm_dcrm/riskdata/margin_hkcc/fomargin.htm).

Futures Contract Margin Rate Initial Margin (HK$) Maintenance Margin (HK$)
iShares FTSE A50 China Index ETF Full Rate               Spread Rate 3,700/lot            1,110/spread 2,960/lot                       888/spread
CSOP FTSE China A50 ETF Full Rate               Spread Rate 3,390/lot            1,020/spread 2,720/lot           816/spread

 

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