Monday June 8 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/chi/market/partcir/hkscc/Documents/ce024_rm_2015.pdf
HKSCC has performed a review of the size of the Guarantee Fund and the contributions required
from each Clearing Participant.
The required size of the Guarantee Fund excluding the Dynamic Contribution Credit for all
Clearing Participants after the re-calculation is HK$3,947 million. To protect the market against sudden increase in risk exposure due to the recent volatility and high turnover, this amount includes HK$847 million surplus Guarantee Fund Contribution which is withheld from redelivery pursuant to CCASS Operational Procedures Section 18.4.3. The amounts of Basic Contribution and Dynamic Contribution required from a Clearing Participant are re-calculated based on its share of the average daily CNS positions of all Clearing Participants for the period from 4 May 2015 to 29 May 2015 pursuant to Section 18.2.1 of the CCASS Operational Procedures.
Click on the link above for further details.