#2012-1 Margin Rates Changes for HKMEx Contracts

Date: 1 February 2012

This notice is to advise HKMEx Members that LCH.Clearnet, the Exchange’s designated Clearing House, has changed the margin rates for the HKMEx USD Gold Futures Contracts and Silver Futures Contracts. These revised margin rates will take effect from the close of business on Thursday, 2nd February and will be reflected in margin calls made on Friday, 3rd February.

The details are available on the following link to LCH.Clearnet’s website:
http://www.lchclearnet.com/risk_management/ltd/margin_rate_circulars/hkmex/2012-01-31.asp.

Please note that these margin rates determined by LCH.Clearnet represent the minimum margin requirements and Members may impose higher requirements on their Clients as they consider appropriate.

Should Members have any questions pertaining to this notice, please contact the Compliance Department at 3900 9733 or via email at compliance@hkmerc.com.