NEWS RELEASE

21 September 2000

Hong Kong Futures Exchange (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, announced that with effect from today (Thursday), the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts are as follows:

*Amounts in brackets are the original margin rates:

Futures Contracts	Margin Rates	Initial Margin	Maintenance Margin
HSBC Holdings plc Futures	Full Rates Spread Rates	$48,000 ($42,000) per lot $7,200 ($7,200)/ lot / side	$38,400 ($33,600) per lot $5,760 ($5,760)/ lot / side
Hopewell Holdings Limited Futures	Full Rates Spread Rates	$900 ($700) per lot $140 ($110)/ lot / side	$720 ($560) per lot $112 ($88)/ lot / side

HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.

© Copyright 1996-2006 irasia.com Ltd. All rights reserved. Tel: (852) 2831-9792.

DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website. TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website.