HKFE Announces Margin Rates For Adjusted Sinopec Corp Futures

 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 Monday, 10 June 2013, 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 11 April 2013 HKEx news release for details of China Petroleum & Chemical Corporation (Sinopec Corp)’s futures contracts, in the table below. 

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

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