Hong Kong Futures Exchange: Margin Rates Set For Futures Contracts On Denway Motors Limited And Esprit Holdings 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 Denway Motors Limited and Esprit Holdings Limited, which will be introduced on Monday, 11 July 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$)		Maintenance Margin (HK$)
Denway Motors Limited	Full Rate	360	/lot	288	/lot
	Spread Rate	108	/spread	86	/spread
Esprit Holdings Limited	Full Rate	2,075	/lot	1,660	/lot
	Spread Rate	623	/spread	498	/spread

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