Dear Values Customer,
All markets operated by the Hong Kong Futures Exchange and the Traded Options Market will be closed for business from 25th March 2016 to 28th March 2016. In order to assure that safeguards are in place against potential market risks that may arise during the aforesaid period when some of the major markets are open, the Clearing House has decided to adopt a series of temporary margin requirement arrangements. Meanwhile, our Company will adopt the following measures accordingly:
1. Hang Seng Index (“HSI”), Mini-Hang Seng Index (“MHI”), H-Shares Index (“HHI”), Mini-H-Shares Index (“MCH”), HSCEI Dividend Point Index (“DHH”) and USD/CNH Futures (“CUS”) futures contracts
The margin levels of HSI, MHI, HHI, MCH, DHH and CUS futures contracts will be increased temporarily after the close of business of T session on 23rd March 2016 (refer to Appendix I), and will be restored to the current levels after the close of business of T session on 24th March 2016. The spread margin rates will remain unchanged during this period.
2. Stock Options
The margin intervals for all options classes will be increased temporarily after the close of business on 23rd March 2016 (refer to Appendix II). The margin intervals will be restored to normal after the close of business on 24th March 2016.
Notes:
The margin requirement would vary with different portfolio especially for those paired options and deep out of money options. Increased margin intervals need to be fulfilled in the morning on 24th March 2016.
Should you have any enquiries about the aforesaid, please feel free to call our Customer Service Hotline at (852) 3583 3388 (Hong Kong) or (86) 755 8266 3232 (Mainland).
Thank you again for using our services. We wish you every success in your investment!
For and on behalf of
Haitong International Securities Company Limited
Haitong International Futures Limited
Appendix I
Futures Margin Requirement
Note: The spread margin rates will remain unchanged
Appendix II
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