Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins for China Construction Bank and China Merchants Bank Futures

Date 04/04/2011

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, 7 April 2011, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract 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.  

Futures Contract

Margin Rate

Initial Margin
(HK$)

Maintenance Margin
(HK$)

 

 

 

 

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

Full Rate

487

/lot

390

/lot

Spread Rate

147

/spread

117

/spread

 

 

 

 

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

Full Rate

502

/lot

402

/lot

Spread Rate

152

/spread

121

/spread

 

 

 

 

China Merchants Bank Co., Ltd

Full Rate

726

/lot

581

/lot

Spread Rate

218

/spread

175

/spread

 

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