HKFE Revises Margins For HSI Futures, PSI Futures And Selected Stock Futures Contracts

Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, announced today (Wednesday) that with effect from Thursday, 28 September, 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, Full Rates: Initial Margin: $77,500 ($70,000) per lot; Maintenance Margin: $62,000 ($56,000) per lot; Spread Rates: Initial Margin: $3,750 ($3,750)/ lot / side, Maintenance Margin: $3,000 ($3,000)/ lot / side.

Hang Seng Properties Sub-index Futures, Full Rates: Initial Margin: $87,500 ($80,000) per lot; Maintenance Margin: $70,000 ($64,000) per lot; Spread Rates: Initial Margin: $3,750 ($3,750)/ lot / side, Maintenance Margin: $3,000 ($3,000)/ lot / side.

China Resources Enterprise Ltd Futures, Full Rates: Initial Margin: $16,000 ($15,000) per lot; Maintenance Margin: $12,800 ($12,000) per lot; Spread Rates: Initial Margin: $2,500 ($2,500)/ lot / side, Maintenance Margin: $2,000 ($2,000)/ lot / side.

HSBC Holdings plc Futures, Full Rates: Initial Margin: $54,000 ($48,000) per lot; Maintenance Margin: $43,200 ($38,400) per lot; Spread Rates: Initial Margin: $8,100 ($7,200)/ lot / side, Maintenance Margin: $6,480 ($5,760)/ lot / side.

Sun Hung Kai Properties Ltd Futures, Full Rates: Initial Margin: $45,000 ($40,000) per lot; Maintenance Margin: $36,000 ($32,000) per lot; Spread Rates: Initial Margin: $6,750 ($6,000)/ lot / side, Maintenance Margin: $5,400 ($4,800)/ lot / side.

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