THE STOCK EXCHANGE OF HONG KONG LIMITED


香港期貨交易所有限公司

(香港交易及結算所有限公司全資附屬公司)

Hong Kong Futures Exchange Limited

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


NEWS RELEASE

9 December 2014

HKFE Announces Revised Margins for 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 Thursday, 11 December 2014, 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$)

Bank of China Ltd.

Full Rate

368 /lot

295 /lot

Spread Rate

111 /spread

89 /spread

China Construction Bank
Corporation
Full Rate 432 /lot 346 /lot
Spread Rate 130 /spread 104 /spread
Industrial and Commercial Bank of China Limited
Full Rate 356 /lot 285 /lot
Spread Rate 107 /spread 86 /spread
Ping An Insurance (Group) Co. of China, Ltd.
Full Rate 3,600 /lot 2,880 /lot
Spread Rate 1,080 /spread 864 /spread
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
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