Reminder on Payment Obligations of Clearing Participants

HKFE Clearing Corporation Limited (HKCC) and SEHK Options Clearing House Limited (SEOCH) has reminded Clearing Participants (CPs) about the importance of proper risk management and funding arrangements to manage their exposures and fulfill their payment obligations on time. If participants fail to adhere to settlement timelines, it can lead to disciplinary actions and/or default actions under HKCC Rules. Participants should review their operational and monitoring procedures and enhance them where necessary, including areas such as funding arrangement procedures, contingency plans, and exposure monitoring. Holiday Trading CPs should pre-fund their accounts in advance, and all participants should ensure their contact records are up-to-date. It is recommended for participants to project their payment obligations and arrange sufficient funding to meet such requirements in a timely manner.



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