Hong Kong Futures Exchange: Margin Rates Set For MSCI China Free Index Futures Contract

Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for the MSCI China Free Index (CFI) Futures contract, which will be introduced on Monday, 7 May 2001.

The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the contract:

MSCI China Free Index Futures, Margin Rates, Full Rates: $27,500 per lot; Maintenance Margin, Full Rates: $22,000 per lot.

MSCI China Free Index Futures, Margin Rates, Spread Rates: $3,500 / lot / side; Maintenance Margin, Spread Rates: $2,800 / lot / side.

Note: The above margins may be adjusted prior to 7 May.

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