TFEX to Raise Margins of Futures Products from Oct 7
The Thailand Futures Exchange plc (TFEX), a subsidiary of The Stock Exchange of Thailand (SET), announces the increase of margin rates on gold futures, SET50 futures, and interest rate futures, effective from October 7, 2011, due to increasing market volatility.
TFEX also announces margin rates of oil futures which will be launched on October 17.
“Given the continued fluctuation of stock index, interest rates and commodities price, TFEX and Thailand’s clearing house will raise margins of the futures products,” TFEX Managing Director Kesara Manchusree.
After the revision, the new margin rate for retail clients of SET50 futures will be THB 66,500 per contract, from THB 53,200, the 50-Baht gold futures’ margin rate will increase to THB 104,500 per contract, from THB 92,150, the 10-Baht gold futures’ margin rate will become THB 20,900 per contract, from THB 18,430, and the 6-month THBFIX’s margin rate will be THB 29,450 per contract, from THB 21,850.
For oil futures, its initial margins rate for retail clients will be THB 26,600 per contract, and maintenance margin will be at THB 18,620 per contract. The initial margins account for 8 percent of oil futures’ contract valuation worth about THB 330,000 per contract, Kesara said.