Hong Kong Futures Exchange: Margin Rates Set For Futures Contracts On Bank Of Communications Co Ltd, China Netcom Group Corporation (Hong Kong) Ltd And Ping An Insurance (Group) Co Of China Ltd

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for futures contracts on the Bank of Communications Co Ltd, China Netcom Group Corporation (Hong Kong) Ltd and Ping An Insurance (Group) Co of China Ltd, which will be introduced on Monday, 7 November 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$)		Maintenance Margin (HK$)
Bank of Communications Co Ltd	Full Rate	217	/lot	174	/lot
	Spread Rate	65	/spread	52	/spread
China Netcom Group Corporation    (Hong Kong) Ltd	Full Rate	618	/lot	494	/lot
	Spread Rate	185	/spread	148	/spread
Ping An Insurance (Group) Co   of China Ltd	Full Rate	395	/lot	316	/lot
	Spread Rate	119	/spread	95	/spread

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