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HKFE Announces Revised Margins For Bank Of China Futures, Hang Seng Bank Futures And ICBC Futures

Date 12/10/2007

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 Tuesday, 16 October 2007, 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/tradinfo/futuresmargin/FOmargin.htm).

Futures Contract

Margin Rate

Initial Margin
(HK$)

Maintenance Margin
(HK$)

Bank of China Limited

Full Rate

475

/lot

380

/lot

Spread Rate

143

/spread

114

/spread

Hang Seng Bank Limited

Full Rate

1,532

/lot

1,226

/lot

Spread Rate

460

/spread

368

/spread

Industrial and Commercial Bank of China Limited

Full Rate

803

/lot

642

/lot

Spread Rate

241

/spread

193

/spread

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