EFFECTIVE: Wednesday, 23 November 2016 at 1:00PM GMT
Exchanges have revised the margin requirements as per below web links:
- http://reg.m-x.ca/en/regulation/futures_margins
- http://www.cmegroup.com/clearing/margins/outright-vol-scans.html#e=all&a=all&p=all
- http://www.nasdaqomx.com/transactions/posttrade/clearing/europeanclearing/risk-management
- http://www.sgx.com/wps/portal/sgxweb/home/clearing/derivatives/operational_information
The margin requirements for the following contracts will be changed on Wednesday, 23 November 2016 at 1:00PM GMT.
If you require details of the assumed impact of the change for Futures do not hesitate to contact the Bank.
| Base Contract | Base Name | Exchange | Curr | Initial Margin | Maint. Margin | New Initial Margin | New Maint. Margin | Change Pct |
|---|---|---|---|---|---|---|---|---|
| BAX | 3 Month Bankers’ Acceptance | Bourse de Montreal Inc. | CAD | 430 | 430 | 470 | 470 | 9.07% |
| GE | 3 Month Eurodollar | Chicago Mercantile Exchange | USD | 580 | 530 | 670 | 610 | 14.15% |
| HG | Copper | Commodity Exchange (COMEX) | USD | 2530 | 2300 | 3030 | 2750 | 19.57% |
| SI | Silver | Commodity Exchange (COMEX) | USD | 6380 | 5800 | 7150 | 6500 | 12.07% |
| OMX | OMX Index | NASDAQ OMX Stockholm | SEK | 11980 | 11980 | 12140 | 12140 | 1.32% |
| HRC | Hot-Rolled Steel Index | New York Mercantile Exchange | USD | 470 | 430 | 570 | 510 | 18.60% |
| PA | Palladium | New York Mercantile Exchange | USD | 5480 | 5480 | 5840 | 5840 | 6.57% |
| OBX | OBX Index | Oslo Børs/Oslo Stock Exchange | NOK | 5670 | 5670 | 5740 | 5740 | 1.22% |
| PH | MSCI Philippines Index | Singapore Exchange Derivatives Trading Ltd. | USD | 1190 | 1190 | 1210 | 1210 | 1.68% |
| SCO | Iron Ore CFR China (62% Fe Fines) | Singapore Exchange Derivatives Trading Ltd. | USD | 770 | 700 | 880 | 800 | 14.29% |
| SSI | Nikkei 225 | Singapore Exchange Derivatives Trading Ltd. | JPY | 418000 | 380000 | 473000 | 430000 | 13.16% |