Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins For Futures Contracts

Date 19/11/2013

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, 21 November 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 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$)

 

 

 

 

H-shares Index 

Full Rate

41,650

/lot

33,300

/lot

Spread Rate

12,500

/spread

10,000

/spread

 

 

 

 

 

 

Mini H-shares Index 

Full Rate

8,330

/lot

6,660

/lot

Spread Rate

2,500

/spread

2,000

/spread

 

 

 

 

 

 

Bank of China Ltd

Full Rate

258

/lot

206

/lot

Spread Rate

78

/spread

62

/spread

 

 

 

 

 

 

Bank of Communications Co Ltd

Full Rate

497

/lot

398

/lot

Spread Rate

150

/spread

120

/spread

 

 

 

 

 

 

China Construction Bank Corporation

Full Rate

427

/lot

342

/lot

Spread Rate

129

/spread

103

/spread

 

 

 

 

 

 

China Life Insurance Company Ltd

Full Rate

2,180

/lot

1,750

/lot

Spread Rate

654

/spread

525

/spread

 

 

 

 

 

 

Industrial and Commercial Bank of China Ltd

Full Rate

385

/lot

308

/lot

Spread Rate

116

/spread

93

/spread

 

 

 

 

 

 

Ping An Insurance (Group) Co of China Ltd

Full Rate

3,370

/lot

2,700

/lot

Spread Rate

1,020

/spread

810

/spread

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