HKFE Sets Margin Rates for Mini-HSI Futures and Margin Offset between Mini-HSI Futures and HSI Futures
Market Operations
03 Oct 2000
Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, announced today (Tuesday) that margin rates for the Mini-Hang Seng Index (Mini-HSI) Futures contract will be one-fifth of the margin rates for the Hang Seng Index (HSI) Futures contract. HKFE also said it would allow a hundred per cent margin offset between Mini-HSI Futures contracts and HSI Futures contracts at a ratio of 5 to 1.
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.
| Futures Contracts |
Margin Rates |
Initial Margin |
Maintenance Margin |
| Mini-Hang Seng Index Futures |
Full Rates
Spread Rates |
$15,500 per lot
$750 / lot / side |
$12,400 per lot
$600 / lot / side |
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
For enquiries, please contact Henry Law, Head, Corporate Communications, HKEx on 2840 3862.