HKFE Announces Revised Margins For Ping An Insurance Futures

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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 Tuesday, 28 October 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.

Futures Contract - Margin Rate - Initial Margin (HK$) - Maintenance Margin (HK$)

Ping An Insurance (Group) Company of China Limited - Full Rate - 7,050/lot - 5,640/lot

Spread Rate - 2,115/spread - 1,692/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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Posted October 27th, 2008 by ruzik_tuzik

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