Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Announces Details Of Temporary Holiday Risk Management Arrangements

Date 19/12/2012

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 11 December 2012.

 HSI, MHI, HHI, MCH, DHS and DHH Futures Markets

 The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures contracts will be temporarily increased after the close of business on 21 December 2012 (Friday) as outlined in the table below:

 

 

Futures Contract

Full Margin Rate

Initial Margin
(HK$)

Maintenance Margin
(HK$) 

HSI 

Current Level  

68,850

per lot

55,100

per lot

Temporarily Increased Level 

70,250

per lot

56,200

per lot

MHI 

Current Level  

13,770

per lot

11,020

per lot

Temporarily Increased Level 

14,050

per lot

11,240

per lot

HHI 

Current Level  

32,800

per lot

26,250

per lot

Temporarily Increased Level 

35,350

per lot

28,250

per lot

MCH 

Current Level  

6,560

per lot

5,250

per lot

Temporarily Increased Level 

7,070

per lot

5,650

per lot

 

The margin levels of HSI Dividend Point Index (DHS) and HSCEI Dividend Point Index (DHH) futures contracts will remain unchanged.

The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI, HHI and MCH futures contracts will be restored to the current levels after the close of business on 24 December 2012.

 Stock Options Market

 The margin intervals for all options classes will be increased temporarily after the close of business on 21 December 2012 (see Appendix). The margin intervals will be restored to normal after the close of business on 24 December 2012.

The above arrangements are based on the clearing houses’ normal procedures. Exchange Participants have been advised to give advance notice to their clients regarding the arrangements where appropriate.

Appendix

 

Stock Options Classes

Client Margin
Intervals as of 18 Dec
(%)

Temporary Client Margin Intervals
(%)

iShares FTSE A50 China Index ETF

8

10

Agricultural Bank of China Limited

7

8

Anhui Conch Cement Company Limited

9

11

AIA Group Limited

6

7

Aluminum Corporation of China Limited

8

9

Bank of China Limited

6

6

Bank of Communications Co., Ltd.

7

8

The Bank of East Asia, Limited

5

5

Belle International Holdings Limited

8

10

BOC Hong Kong (Holdings) Limited

5

5

BYD Company Limited

13

15

China Construction Bank Corporation

7

7

China Communications Construction Company Limited

8

10

China Coal Energy Company Limited

8

10

China COSCO Holdings Company Limited

11

12

China Mobile Limited

5

6

China Unicom (Hong Kong) Limited

8

10

CITIC Pacific Limited

8

10

Cheung Kong (Holdings) Limited

6

7

China Life Insurance Company Limited

6

8

CLP Holdings Limited

5

5

China Merchants Bank Co., Ltd.

7

8

CNOOC Limited

5

6

China Overseas Land & Investment Limited

7

9

Cathay Pacific Airways Limited

6

7

China Petroleum & Chemical Corporation

6

8

China Pacific Insurance (Group) Co., Ltd.

8

9

China Railway Construction Corporation Limited

11

14

China Railway Group Limited

10

12

W.I.S.E. - CSI 300 China Tracker

7

10

China Shenhua Energy Company Limited

7

9

China CITIC Bank Corporation Limited

6

8

China Telecom Corporation Limited

8

9

Esprit Holdings Limited

15

18

Foxconn International Holdings Limited

18

22

Galaxy Entertainment Group Limited

9

12

Power Assets Holdings Limited

5

5

Hong Kong Exchanges and Clearing Limited

7

8

HSBC Holdings Plc.

5

5

The Hong Kong and China Gas Company Limited

5

6

Henderson Land Development Company Limited

7

8

Huaneng Power International, Inc.

8

10

Hang Seng Bank Limited

5

5

Hutchison Whampoa Limited

5

6

Industrial and Commercial Bank of China Ltd.

6

7

Jiangxi Copper Company Limited

7

8

Li & Fung Limited

8

11

MTR Corporation Limited

5

5

China National Building Material Company Limited

10

12

New World Development Company Limited

7

9

Ping An Insurance (Group) Company of China, Limited

6

9

PetroChina Company Limited

6

6

PICC Property and Casualty Company Limited

6

8

Guangzhou R&F Properties Co., Ltd.

11

14

Sands China Limited

9

11

Sun Hung Kai Properties Limited

5

6

Standard Chartered PLC

5

5

Swire Pacific Limited 'A'

5

5

Tencent Holdings Limited

7

9

Tracker Fund of Hong Kong

5

5

The Wharf (Holdings) Limited

7

8

Yanzhou Coal Mining Company Limited

8

10

Zijin Mining Group Company Limited

7

8