Please see the 9 March 2004 HKEx news release, Arrangements for Adjustment of NWD and CNOOC Futures and Options, for details of the capital adjustment of New World Development Limited, or NWD, Futures.
For the current margins, please refer to the HKEx website ( http://www.hkex.com.hk) and see Trading Information - Futures & Options in the Derivatives Market section.
Futures Contract | Margin Rate | Initial Margin (HK$) | Maintenance Margin (HK$) |
New World Development Co. Ltd. (NWD with contract multiplier 1,000) | Full Rate | 1,280 per lot | 1,024 per lot |
Spread Rate | 192 lot/side | 153.6 lot/side | |
New World Development Co. Ltd. (Temporary contract NWA with contract multiplier 1,102) | Full Rate | 1,410 per lot | 1,128 per lot |
Spread Rate | 212 lot/side | 169.6 lot/side |
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.