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HKFE Announces Revised Margins for China Mobile and Esprit Futures Contracts

Market Operations
09 Aug 2007

Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

 

HKFE Announces Revised Margins for China Mobile and Esprit 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 Monday, 13 August 2007, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The adjustments are based on the clearing company's normal procedures and standard margining methodology.    

For the current margins, please refer to the margin information on the HKEx website at the following link (http://www.hkex.com.hk/eng/market/rm/rm_dcrm/riskdata/margin_hkcc/fomargin.htm).

Futures Contract Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
China Mobile  Limited Full Rate 3,761 /lot 3,009 /lot
Spread Rate 1,128 /spread 903 /spread
  
Esprit Holdings Ltd
(ESP: Multiplier = 100)
Full Rate 1,099 /lot 879 /lot
Spread Rate 330 /spread 264 /spread
  
Esprit Holdings Ltd
(ESA: Multiplier = 500)
Full Rate 5,495 /lot 4,395 /lot
Spread Rate 1,650 /spread 1,320 /spread

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

Updated 09 Aug 2007