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HKFE Announces Revised Margins for China Construction Bank and China Merchants Bank Futures

Market Operations
04 Apr 2011

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

 

HKFE Announces Revised Margins for China Construction Bank and China Merchants Bank Futures

 

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 Thursday, 7 April 2011, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract 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. 

Futures Contract Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
China Construction Bank Corporation
(CCB: Multiplier = 1,000)
Full Rate 487 /lot 390 /lot
Spread Rate 147 /spread 117 /spread
China Construction Bank Corporation
(CCA: Multiplier = 1,031)
Full Rate 502 /lot 402 /lot
Spread Rate 152 /spread 121 /spread
China Merchants Bank Co., Ltd Full Rate 726 /lot 581 /lot
Spread Rate 218 /spread 175 /spread

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


Ends

Updated 04 Apr 2011