HKEX Announcement: Standard margin rate for non-constituent virtual asset spot ETFs will be set at 30%

PANews reported on April 23 that the Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Securities Clearing Company Limited issued a notice entitled "Margin Rates for Virtual Asset Spot Exchange Traded Funds (ETFs)", which pointed out that, with reference to the notice issued on April 17, 2024 (No.: ETP/001/24), the following risk management arrangements will take effect on the same day after the launch of virtual asset spot ETFs:
1. Non-constituent stock category (category N) - the uniform margin rate for virtual asset spot ETFs and virtual asset futures ETFs will be set at 30%, and
2. Non-Constituent Stock Class (Class N) - The flat margin rate for other instruments will remain unchanged (i.e. 12%).
Clearing Participants should note that their margin rates will be determined based on the uniform margin rate for Class N and their individual margin multipliers. Clearing Participants can retrieve their individual margin multipliers by searching the "Daily Participant Margin Multiplier Report" (DWH0081C) from the Report Retrieval Platform. The uniform margin rates for the above non-constituent stock classes (Class N) will be published on the HKEX website.