HKFE Revises Margins For HSI Futures And Mini-HSI Futures Contracts

Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announced today (Friday) that with effect from Monday, 12 February, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts are as follows (Amounts in brackets are the original margin rates):

Hang Seng Index Futures, Initial Margin, Full Rate: $62,500 ($77,500) per lot; Maintenance Margin, Full Rate: $50,000 ($62,000) per lot

Hang Seng Index Futures, Initial Margin, Spread Rate: $3,750 ($3,750)/ lot /side; Maintenance Margin, Spread Rate: $3,000 ($3,000) / lot /side

Mini-Hang Seng Index Futures, Initial Margin, Full Rate: $12,500 ($15,500) per lot; Maintenance Margin, Full Rate: $10,000 ($12,400) per lot

Mini-Hang Seng Index Futures, Initial Margin, Spread Rate: $750 ($750)/ lot /side; Maintenance Margin, Spread Rate: $600 ($600)/ lot /side

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