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 Thursday, 26 June 2014, 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 adjustments are based on the clearing company’s normal procedures and standard margining methodology.
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 (HK$) | Maintenance Margin (HK$) |
| Hang Seng Index | Full Rate
Spread Rate |
86,950/lot
17,400/spread |
69,550/lot
13,950/spread |
| Mini - Hang Seng Index | Full Rate
Spread Rate |
17,390/lot
3,480/spread |
13,910/lot
2,790/spread |
| Hang Seng China Enterprises Index | Full Rate
Spread Rate |
38,900/lot
11,700/spread |
31,100/lot
9,350/spread |
| Mini - Hang Seng China Enterprises Index | Full Rate
Spread Rate |
7,780/lot
2,340/spread |
6,220/lot
1,870/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
