Tuesday November 17 2015
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Hong Kong
Link: https://www.hkex.com.hk/eng/market/partcir/hkscc/2015/Documents/ce_298_2015.pdf
On 13th November 2015, the Hong Kong Securities Clearing Company Limited (HKSCC) published an updated disclosure document that details our compliance with the Principles for Financial Market Infrastructures (PFMI) published by the Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) in April 2012.
HKSCC, HKCC and SEOCH have each implemented a comprehensive risk management framework which is designed to ensure the timely settlement of relevant securities transactions, derivatives contracts, and stock options transactions by adequately controlling credit, market and liquidity risks. Each clearing house also has appropriate policies, procedures and controls in place to manage the additional risks that its services are exposed to, including legal risk, settlement risk, general business risk, custody and investment risks, and operational risk.
Click on the link above for further details.