Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announced today (Thursday) that as NTT DoCoMo Inc will effect a one-to-five stock split with the ex-split date on 26 March 2002, with effect from the commencement of trading on Tuesday, 26 March 2002, the minimum margins for NTT DoCoMo Inc Futures to be collected by an Exchange Participant from its clients in respect of their dealings will be as outlined in the table below. The adjustments are based on the clearing company's normal procedures and standard margining methodology.
*Amounts in brackets are the original margin rates:
| Futures Contract |
Margin Rate |
Initial
(JPY) |
Maintenance
(JPY) |
|
|
|
|
| NTT DoCoMo Incorporated |
Full Rate
Spread Rate |
40,000 (200,000)
per lot
6,000 (30,000) /lot/side |
32,000 (160,000)
per lot
4,800 (24,000) /lot/side |
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
