Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins For Hang Seng Bank And Hutchison Whampoa Futures

Date 03/07/2008

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, 7 July 2008, 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 at the following link (http://www.hkex.com.hk/tradinfo/futuresmargin/FOmargin.htm).

Futures Contract

Margin Rate

Initial Margin
(HK$)

Maintenance Margin
(HK$)

Hang Seng Bank Ltd 

Full Rate

1,119

/lot

895

/lot

Spread Rate

336

/spread

269

/spread

  

Hutchison Whampoa Ltd 

Full Rate

5,580

/lot

4,464

/lot

Spread Rate

1,674

/spread

1,339

/spread

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