Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKFE Announces Revised Margins For H-shares Index Futures, Cheung Kong Futures And China Life Futures Contracts

Date 02/08/2007

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 Monday, 6 August 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$)

H-shares Index

Full Rate

56,523

/lot

45,218

/lot

Spread Rate

16,957

/spread

13,565

/spread

   

Cheung Kong (Holdings) Ltd

Full Rate

9,368

/lot

7,494

/lot

Spread Rate

2,810

/spread

2,248

/spread

  

China Life Insurance Co Ltd

Full Rate

3,136

/lot

2,509

/lot

Spread Rate

941

/spread

753

/spread

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