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HKFE Announces Revised Margins For Korea and Taiwan Stock Futures Contracts

Date 04/01/2002

As stated in the news release dated 14 December 2001, Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has amended the contract specifications and trading procedures of International Stock Futures and Options, with the changes to become effective on 7 January 2002. Accordingly, please be advised that with effect from the commencement of trading on Monday, 7 January 2002, 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.

http://www.hkex.com.hk/futures/futuresmargin/ margin.htm

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