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HKFE Announces Margin Rates for Adjusted New World Development Futures Contracts

Market Operations
25 Mar 2014

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

 

HKFE Announces Margin Rates for Adjusted New World Development 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, 26 March 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the New World Development Co. Ltd. (NWD) futures contracts will be as outlined in the table below.  The margins are based on the clearing company’s normal procedures and standard margining methodology.

Please see the 14 March 2014 HKEx news release for details of the adjustment of NWD futures contracts.

For the current margins, please refer to the margin information on the HKEx website.

Futures Contract Margin Rate Initial Margin
(HK$)
Maintenance Margin
(HK$)
New World Development Co. Ltd.
(NWD: Multiplier = 1,000)
Full Rate 568 /lot 454 /lot
Spread Rate 170 /spread 137 /spread
New World Development Co. Ltd.
(NWA: Multiplier = 1,062)
Full Rate 603 /lot 482 /lot
Spread Rate 181 /spread 145 /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 25 Mar 2014