Margin Requirements and Adjustment of Routine Intra-day Variation Margin Calls during Easter Holidays

The circular by HKEX regarding OTC Clearing announces the application of a Holiday Margin for Clearing Members. On April 6, 2023, a Holiday Margin of 19% of a Clearing Member’s Initial Margin requirement will be added to the End-of-Day Initial Margin call, which must be settled within one hour after the End-of-Day Initial Margin call issued at 08:30 hours Hong Kong time on April 6, 2023. Clearing Members can check the required Holiday Margin amount via the “WEB MRCleared.csv” report on OASIS. The Holiday Margin will be reduced to 10% on April 7, 2023, and will be reduced to zero after the close of business on April 10, 2023.

resource: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/OTC-Clear/2023/Circular_OTCRM_Mar-2023_011.pdf

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