Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Revises Margins For Selected Stock Futures Contracts

Date 22/09/2000

Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, announced that with effect from today (Thursday), 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):

HSBC Holdings plc Futures: Full Rates: Initial Margin:$48,000 ($42,000) per lot; Maintenance Margin $38,400 ($33,600) per lot

Futures: Spread Rates: Initial Margin: $7,200 ($7,200)/ lot / side, Maintenance Margin: $5,760 ($5,760)/ lot / side

Hopewell Holdings: Full Rates: Initial Margin: $900 ($700) per lot, Maintenance Margin: $720 ($560) per lot

Limited Futures: Spread Rates: Initial Margin: $140 ($110)/ lot / side, Maintenance Margin: $112 ($88)/ lot / side

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