Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.
HSI, MHI, HHI, MCH and DHH Futures Markets
There will be mandatory intra-day variation adjustment calls in the Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI), Mini H-shares Index (MCH) and HSCEI Dividend Point Index (DHH) futures markets on Friday, 8 February 2013 based on open positions in the markets at around 3:00 pm on 8 February 2013.
Stock Options Market
There will be special intra-day margin calls on Friday, 8 February 2013 in respect of all open positions in the stock options market at around 3:00 pm on 8 February 2013.
The margin levels of HSI, MHI, HHI, MCH and DHH futures contracts and the margin intervals for all stock options classes will be increased temporarily after the close of business on 7 February 2013. The margin levels and margin intervals will be restored to normal after the close of business on 8 February 2013. Details of the temporary margin levels and margin intervals will be announced in due course.
The above arrangements are based on the clearing houses’ normal procedures.
Exchange Participants have been advised to give advanced notice to their clients regarding the arrangements where appropriate.
Ends