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 Friday, 6 June 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in Hong Kong and China Gas Company Limited (HKG) 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 27 March 2014 HKEx news release for details of the adjustment of HKG futures contracts (http://www.hkex.com.hk/eng/newsconsul/hkexnews/2014/1403273news.htm).
For the current margins, please refer to the margin information on the HKEx website at the following link (http://www.hkex.com.hk/eng/market/rm/rm_dcrm/riskdata/margin_hkcc/fomargin.htm).
| Futures Contract | Margin Rate | Initial Margin | Maintenance Margin |
|
(HK$) |
(HK$) |
||
| The Hong Kong and China Gas Company Limited
(HKG: Multiplier = 1,000)
|
Full Rate
Spread Rate |
1,045/lot
314/spread |
835/lot
251/spread |
| The Hong Kong and China Gas Company Limited
(HKE: Multiplier = 1,100)
|
Full Rate
Spread Rate |
1,150/lot
345/spread |
918/lot
276/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
