Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), will implement stock futures market changes on Monday, 27 August. The stock futures market changes include standardising the contract specifications, where the contract multipliers of the existing stock futures contracts will be changed to one board lot size of their underlying shares, the same as the contract size for stock options. Therefore, the margin levels of the existing Stock Futures Contracts need to be adjusted accordingly. With effect from the commencement of trading on Monday, 27 August, the margin of the following Stock Futures Contracts shall be as outlined in the table below. The adjustments are the result of a regular review of market conditions and are based on the clearing company's standard margining methodology.
HKFE margin rates are to be found at
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.
