Hong Kong Futures Exchange: Margin Rates Set For China Construction Bank Corporation Futures

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for China Construction Bank Corporation Futures, which will be introduced on Monday, 19 December 2005.

The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the contract:

Futures Contract	Margin Rate	Initial Margin (HK$)		Maintenance Margin (HK$)
China Construction Bank Corporation	Full Rate	159	/lot	127	/lot
	Spread Rate	48	/spread	38	/spread

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