HKFE Announces Margin Rates for Adjusted Sun Hung Kai Properties Futures Contracts
Market Operations
07 Apr 2014
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
HKFE Announces Margin Rates for Adjusted Sun Hung Kai Properties Futures Contracts
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 Tuesday, 8 April 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the Sun Hung Kai Properties Ltd. (SHK) futures contracts will be as outlined in the table below. The margins are based on the clearing company’s normal procedures and standard margining methodology.
Please see the 25 March 2014 HKEx news release for details of the adjustment of SHK futures contracts.
For the current margins, please refer to the margin information on the HKEx website.
|
Futures Contract |
Margin Rate |
Initial Margin
(HK$) |
Maintenance Margin
(HK$) |
|
|
|
|
|
Sun Hung Kai Properties Ltd.
(SHK: Multiplier = 1,000) |
Full Rate |
5,673 |
/lot |
4,540 |
/lot |
|
Spread Rate |
1,709 |
/spread |
1,371 |
/spread |
|
|
|
|
|
Sun Hung Kai Properties Ltd.
(SKA: Multiplier = 1,007) |
Full Rate |
5,710 |
/lot |
4,570 |
/lot |
|
Spread Rate |
1,720 |
/spread |
1,380 |
/spread |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
Ends