Renminbi (RMB) Haircut

HKSCC has adjusted the Renminbi haircut rates to 3.0% with settlement currency prescribed in HKD and USD for the settlement of Marks, Margin, and Collateral requirements. This change will be effective from the close of business on April 12, 2023, and Clearing Participants should make necessary funding arrangements for the adjustment. The haircut rates for the acceptance of HKD or USD as collateral for early release of China Connect Securities that are Securities-on-hold will also be adjusted to 3.5% for RMB applied to HKD and USD, starting from April 12, 2023.

resource: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/HKSCC/2023/ce_HKSCC_CM2_014_2023.pdf

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