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HKFE Announces Revised Margins For Ping An Insurance Futures And Sun Hung Kai Properties Futures

Date 21/07/2009

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 Thursday, 23 July 2009, 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 Margin
(HK$)

Maintenance Margin
(HK$)

           

Ping An Insurance (Group) Co of China Ltd

Full Rate

4,450

/lot

3,560

/lot

Spread Rate

1,340

/spread

1,070

/spread

            

Sun Hung Kai Properties Ltd  

Full Rate

12,190

/lot

9,750

/lot

Spread Rate

3,660

/spread

2,930

/spread

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