Hong Kong Futures Exchange Margin Rates Set For FTSE/Xinhua China 25 Index Futures

>Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the FTSE/Xinhua China 25 Index Futures contract, which will be introduced on Monday, 23 May 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$)		Maintenance Margin (HK$)
FTSE/Xinhua China 25 Index Futures	Full Rate	24,950	/lot	19,960	/lot
FTSE/Xinhua China 25 Index Futures	Spread Rate	7,485	/spread	5,988	/spread

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