HKFE Announces Revised Margins for RMB Currency Futures
Market Operations
05 Mar 2014
Hong Kong Futures Exchange
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited
HKFE Announces Revised Margins for RMB Currency Futures
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, 10 March 2014, 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.
For the current margins, please refer to the margin information on the HKEx website.
|
Futures Contract |
Margin Rate |
Initial Margin
(RMB) |
Maintenance Margin
(RMB) |
|
|
|
|
|
RMB Currency Futures
(USD/CNH Futures#) |
Full Rate |
11,560 |
/lot |
9,250 |
/lot |
|
Spread Rate |
6,940 |
/spread |
5,550 |
/spread |
|
|
Spot Month Charge* |
2,320 |
/lot |
1,850 |
/lot |
| * |
Spot Month Charge will be imposed on the spot month contract during the last four business days before the business day immediately preceding the final settlement day. |
| # |
USD = US dollar; CNH = RMB traded in Hong Kong |
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients’ individual circumstances.
Ends