Friday November 1 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2013/131031news.htm
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) has announced that the Securities and Futures Commission (SFC) has on 25 October 2013 granted it recognition as a clearing house under section 37 of the Securities and Futures Ordinance. OTC Clear has been established for the purpose of providing clearing services for over-the-counter (OTC) derivatives.