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HKFE Announces Revised Margins For Hang Seng Index Futures, Mini-Hang Seng Index Futures And HSBC Futures

Date 09/09/2008

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 Thursday, 11 September 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 Index

Full Rate

101,900

/lot

81,520

/lot

Spread Rate

7,500

/spread

6,000

/spread

            

Mini-Hang Seng Index

Full Rate

20,380

/lot

16,304

/lot

Spread Rate

1,500

/spread

1,200

/spread

            

HSBC Holdings PLC

Full Rate

3,761

/lot

3,009

/lot

Spread Rate

1,128

/spread

903

/spread

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