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HKFE Announces Margin Rates For Adjusted China Construction Bank Futures Contracts

Date 09/11/2010

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Wednesday, 10 November 2010, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The margins are based on the clearing company's normal procedures and standard margining methodology.

Please see the 2 November 2010 HKEx news release for details of the China Construction Bank futures contracts in the table below.

For the current margins, please refer to the margin information on the HKEx website.

Futures Contract

Margin Rate

Initial Margin
(HK$)

Maintenance Margin
(HK$)

 

 

 

 

China Construction Bank Corporation
(CCB: Multiplier = 1,000)

Full Rate

527

/lot

 422

/lot

Spread Rate

158

/spread

127

/spread

 

 

 

 

China Construction Bank Corporation
(CCA: Multiplier = 1,031)

Full Rate

543

/lot

 435

/lot

Spread Rate

163

/spread

131

/spread

 

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