The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in Mini-HSI Futures contracts, which begin trading on Monday, 9 October 2000, based on the prevailing margins for HSI Futures contracts. The margin rates for Mini-HSI Futures will be revised whenever the margin rates for HSI Futures are revised.
Mini-Hang Seng Index: Margin Rates – Full Rates (Initial margin): USD15.500 per lot; Maintenance Margin: USD 12,400 per lot
Futures: Margin Rates – Margin Rates - Spread rates (Initial Margin): USD750 per lot/side; Maintenance Margin: USD 600 per lot/side
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.