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

22 December 2014

HKFE Announces Revised Margins for Sinopec Corp and PetroChina 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 Wednesday, 24 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$)

China Petroleum & Chemical
Corporation
Full Rate 1,240 /lot 992 /lot
Spread Rate 372 /spread 298 /spread

PetroChina Co Ltd

Full Rate

2,000 /lot

1,600 /lot

Spread Rate

600 /spread

480 /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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