Hong Kong Futures Exchange: Margin Rates Set For Futures Contracts On China Merchants Bank Co Ltd And Industrial And Commercial Bank Of China Limited

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 China Merchants Bank Co Ltd and Industrial and Commercial Bank of China Limited, which will be introduced on Friday, 27 October 2006.

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:

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