Press Release
To the Business Editor
For Immediate Release
22 December 1999
HKFE to Revise Margins for HSBC Holdings Plc,
Cheung Kong (Holdings) Ltd, Henderson Land Development Co Ltd,
Sun Hung Kai Properties Ltd and China Telecom (Hong Kong) Ltd
Stock Futures Contracts
The Hong Kong Futures Exchange (HKFE) announces that with effect from Thursday, 23 December 1999, the minimum margins to be collected by a member from its clients in respect of their dealings in the following stock futures contracts are as follows:
*Amounts in brackets are the original margin rates:
The Exchange emphasises that the above are minimum rates and member firms should set their margin requirements according to their clients' individual circumstances.
The Hong Kong Futures Exchange is a leading futures and options marketplace in the Asia Pacific Region, with a membership of over 130 companies, including a number of major international institutions. The Exchange is actively diversifying its product base, which now includes currency, interest rate and equity-based products.
For further enquiries, please contact HKFE Corporate Communications: Miss Chiu Yeung on 2842 9322 and Mr Scott Sapp on 2842 9421.
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