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HKEx Announces Details of Temporary Holiday Risk Management Arrangements

Market Operations
30 Mar 2012

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 23 March 2012.


HSI
, MHI, HHI and MCH Futures Markets

The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures contracts will be temporarily increased after the close of business on 3 April 2012 (Tuesday) as outlined in the table below:

Futures Contract Full Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
HSI Level effective from 2 April 2012* 65,250 per lot 52,200 per lot
Temporarily Increased Level 66,250 per lot 53,000 per lot
MHI Level effective from 2 April 2012* 13,050 per lot 10,440 per lot
Temporarily Increased Level 13,250 per lot 10,600 per lot
HHI Level effective from 2 April 2012* 36,650 per lot 29,350 per lot
Temporarily Increased Level 42,100 per lot 33,700 per lot
MCH Level effective from 2 April 2012* 7,330 per lot 5,870 per lot
Temporarily Increased Level 8,420 per lot 6,740 per lot

The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI, HHI and MCH futures contracts will be restored to the levels effective from 2 April 2012 after the close of business on 5 April 2012.

*  For the margin levels effective from 2 April 2012, please refer to the HKEx news release issued on 29 March 2012.



Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 3 April 2012 (see Appendix). The margin intervals will be restored to normal after the close of business on 5 April 2012.

The above arrangements are based on the clearing houses’ normal procedures. Exchange Participants have been advised to give advance notice to their clients regarding the arrangements where appropriate. 


Appendix

Stock Options Classes Client Margin Intervals as of 29 Mar
(%)
Temporary Client Margin Intervals
(%)
iShares FTSE A50 China Index ETF 6 7
Agricultural Bank of China Limited  8 10
Anhui Conch Cement Company Limited 12 14
AIA Group Limited 8 10
Aluminum Corporation of China Limited 11 13
Bank of China Limited 7 8
Bank of Communications Co., Ltd. 9 10
The Bank of East Asia, Limited 6 7
Belle International Holdings Limited 12 16
BOC Hong Kong (Holdings) Limited 5 6
BYD Company Limited 14 17
China Construction Bank Corporation 6 8
China Communications Construction Company Limited 11 14
China Coal Energy Company Limited 8 10
China COSCO Holdings Company Limited 14 18
China Mobile Limited 7 9
China Unicom (Hong Kong) Limited 8 11
CITIC Pacific Limited 6 8
Cheung Kong (Holdings) Limited 8 10
China Life Insurance Company Limited 10 12
CLP Holdings Limited 5 5
China Merchants Bank Co., Ltd. 8 11
CNOOC Limited 7 9
China Overseas Land & Investment Limited 10 13
Cathay Pacific Airways Limited 8 9
China Petroleum & Chemical Corporation 8 9
China Pacific Insurance (Group) Co., Ltd. 9 12
China Railway Construction Corporation Limited 13 16
China Railway Group Limited 12 14
W.I.S.E. - CSI 300 China Tracker 7 8
China Shenhua Energy Company Limited 6 8
China CITIC Bank Corporation Limited 7 8
China Telecom Corporation Limited 8 10
Esprit Holdings Limited 18 23
Foxconn International Holdings Limited 11 13
Power Assets Holdings Ltd. 5 6
Hong Kong Exchanges and Clearing Limited 7 8
HSBC Holdings Plc. 6 7
The Hong Kong and China Gas Company Limited 5 5
Henderson Land Development Company Limited 8 10
Huaneng Power International, Inc. 12 12
Hang Seng Bank Limited 6 7
Hutchison Whampoa Limited 7 8
Industrial and Commercial Bank of China Limited 7 9
Jiangxi Copper Company Limited 10 13
Li & Fung Limited 10 13
MTR Corporation Limited 5 5
China National Building Material Company Limited 13 16
New World Development Company Limited 10 14
Ping An Insurance (Group) Company of China, Ltd. 10 12
PetroChina Company Limited 6 8
PICC Property and Casualty Company Limited 10 12
Guangzhou R&F Properties Co., Ltd. 13 16
Sun Hung Kai Properties Limited 8 10
Swire Pacific Limited 'A' 7 8
Tencent Holdings Limited 8 10
Tracker Fund of Hong Kong 5 6
The Wharf (Holdings) Limited 8 11
Yanzhou Coal Mining Company Limited 9 11
Zijin Mining Group Company Limited 11 13

Ends

Updated 30 Mar 2012