Margin Rates Set For BOC Hong Kong (Holdings) Limited Futures Contract

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the BOC Hong Kong (Holdings) Limited (BOC) Futures contract, which will be introduced on Monday, 17 March 2003.

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$)			Maintenance Margin (HK$)
BOC	Full Rate		260	per lot	208	per lot
	Spread Rate		40	/lot/side	32	/lot/side

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