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, 22 September 2008, 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.
Cheung Kong (Holdings) Limited
Futures Contract - Margin Rate - Initial Margin (HK$) - Maintenance Margin (HK$)
Full Rate - 12,732/lot - 10,186/lot
Spread Rate - 3,820/spread - 3,056/spread
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances. -- www.hkex.com.hk
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