Mini-HSI Futures

N.P. Etches, KPMG, Hong Kong

The contract multiplier for Mini-HSI Futures will be HK$10 per index point - one-fifth the contract multiplier for HSI Futures -and margins will be set at one-fifth the margins for HSI Futures. The mini contract and HSI Futures contracts will be fungible, which means market participants will be able to offset positions at the ratio of five mini contracts per one HSI Futures contract.