HKEx Announces Details Of Temporary Holiday Risk Management Arrangements
09/02/10
Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 1 February 2010.
HSI, MHI, HHI and MCH Futures Markets
The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures contracts will be temporarily increased after the close of business on 11 February 2010 (Thursday) as outlined in the table below.
|
Futures Contract |
Full Margin Rate* |
Initial Margin |
Maintenance Margin |
||
|
|
Current Level |
65,400 |
per lot |
52,300 |
per lot |
|
93,000 |
per lot |
74,400 |
per lot |
||
|
|
Current Level |
13,080 |
per lot |
10,460 |
per lot |
|
18,600 |
per lot |
14,880 |
per lot |
||
|
HHI |
Current Level |
48,250 |
per lot |
38,600 |
per lot |
|
69,800 |
per lot |
55,840 |
per lot |
||
|
|
Current Level |
9,650 |
per lot |
7,720 |
per lot |
|
13,960 |
per lot |
11,170 |
per lot |
||
| * |
The spread margin rates will remain unchanged during
this period. The margin levels of |
Stock Options Market
The margin intervals for all options classes will be
increased temporarily after the close of business on
The above arrangements are based on the clearing houses' normal procedures. Exchange Participants have been advised to give advanced notice to their clients regarding the arrangements where appropriate.
Appendix
|
Stock Options Classes |
Client Margin Intervals |
Temporary |
|
Aluminum Corporation of China Limited |
13 |
20 |
|
Bank of China Limited |
9 |
13 |
|
Bank of Communications Co., Ltd. |
9 |
12 |
|
The Bank of East Asia, Limited |
7 |
10 |
|
BOC |
7 |
9 |
|
|
15 |
21 |
|
China Construction Bank Corporation |
9 |
11 |
|
China Communications Construction Company Limited |
11 |
14 |
|
China Coal Energy Company Limited |
13 |
19 |
|
China COSCO Holdings Company Limited |
12 |
16 |
|
China Mobile Limited |
6 |
9 |
|
|
9 |
12 |
|
CITIC Pacific Limited |
10 |
15 |
|
Cheung Kong (Holdings) Limited |
6 |
9 |
|
China Life Insurance Company Limited |
7 |
10 |
|
|
5 |
5 |
|
China Merchants Bank Co., Ltd. |
10 |
14 |
|
CNOOC Limited |
12 |
16 |
|
|
9 |
13 |
|
Cathay Pacific Airways Limited |
8 |
11 |
|
China Petroleum & Chemical Corporation |
7 |
10 |
|
China Railway Construction Corporation Limited |
8 |
11 |
|
China Railway Group Limited |
9 |
12 |
|
China Shenhua Energy Company Limited |
10 |
13 |
|
|
12 |
18 |
|
China Telecom Corporation Limited |
9 |
12 |
|
Esprit Holdings Limited |
12 |
17 |
|
Foxconn International Holdings Limited |
18 |
27 |
|
Hongkong Electric Holdings Limited |
5 |
5 |
|
|
7 |
11 |
|
HSBC Holdings Plc. |
7 |
9 |
|
The |
6 |
9 |
|
Henderson Land Development Company Limited |
10 |
15 |
|
Huaneng Power International, Inc. |
9 |
12 |
|
Hang Seng Bank Limited |
5 |
5 |
|
Hutchison Whampoa Limited |
8 |
10 |
|
Industrial and Commercial Bank of China Limited |
9 |
11 |
|
Jiangxi Copper Company Limited |
12 |
17 |
|
Li & Fung Limited |
12 |
17 |
|
|
5 |
6 |
|
New World Development Company Limited |
8 |
12 |
|
Ping An Insurance (Group) Company of China, Ltd. |
9 |
13 |
|
PetroChina Company Limited |
9 |
13 |
|
PICC Property and Casualty Company Limited |
12 |
17 |
|
Guangzhou R&F Properties Co., Ltd. |
10 |
15 |
|
Sun Hung Kai Properties Limited |
8 |
10 |
|
Swire Pacific Limited 'A' |
9 |
12 |
|
Tencent Holdings Limited |
12 |
17 |
|
Tracker Fund of |
6 |
8 |
|
The Wharf (Holdings) Limited |
11 |
14 |
|
Zijin Mining Group Company Limited |
12 |
18 |
