Taiwan Futures Exchange (TAIFEX) announced margin adjustments on the following products: TAIFEX Gold Futures (GDF), TAIEX Options (TXO), Taiwan Stock Exchange Electronic Sector Index (TEO) and Taiwan Stock Exchange Finance Sector Index (TFO). The adjustment will become effective on March 24, 2007.
Unit: USD
GDF | After adjustment | Before adjustment | ||||
Initial Margin | Maintenance Margin | Clearing Margin | Initial Margin | Maintenance Margin | Clearing Margin | |
Margin | 3.380 | 2.750 | 2.500 | 3.920 | 3.190 | 2.900 |
Unit: NTD
TXO | After adjustment | Before adjustment | ||||
Initial Margin | Maintenance Margin | Clearing Margin | Initial Margin | Maintenance Margin | Clearing Margin | |
A | 21.000 | 17.000 | 14.000 | 27.000 | 21.000 | 18.000 |
B (minimum margin) | 11.000 | 9.000 | 7.000 | 14.000 | 11.000 | 9.000 |
Unit: NTD
TEO | After adjustment | Before adjustment | ||||
Initial Margin | Maintenance Margin | Clearing Margin | Initial Margin | Maintenance Margin | Clearing Margin | |
A | 20.000 | 15.000 | 13.000 | 23.000 | 18.000 | 15.000 |
B (minimum margin) | 10.000 | 8.000 | 7.000 | 12.000 | 9.000 | 8.000 |
Unit: NTD
TFO | After adjustment | Before adjustment | ||||
Initial Margin | Maintenance Margin | Clearing Margin | Initial Margin | Maintenance Margin | Clearing Margin | |
A | 14.000 | 11.000 | 9.000 | 21.000 | 17.000 | 14.000 |
B (minimum margin) | 7.000 | 6.000 | 5.000 | 11.000 | 9.000 | 7.000 |