An Exchange Participant (EP) of The Stock Exchange of Hong Kong Limited (SEHK) who trades on SEHK has the option to choose to become a clearing participant in CCASS or outsource its clearing functions to General Clearing Participant(s) (GCP) who provides clearing services to EPs. Under Third Party Clearing (TPC), an EP without a clearing participantship in CCASS is referenced as a Non-Clearing Participant (NCP). An EP who is an (i) NCP or (ii) a Clearing Participant (CP) who is not a China Connect Clearing Participant (CCCP) and who has entered into a Clearing Agreement with a GCP for the clearing of its China Connect Securities Trades is referenced as a Non-China Connect Clearing Participant (NCCCP). A NCP/ NCCCP has to maintain a valid, blinding and effective Clearing Agreement with its GCP pursuant to which that GCP agrees to clear the contracts of the NCP/ NCCCP. For more details, please refer to:
Documents/ Forms required for Change of Participantship of HKSCC and Clearing Arrangement are as follows:
*Remark: With respect to any request for a change in participant's status, it should be noted that a separate review will be conducted according to the admission criteria of the participantship under application.
[1]Applicable to those NCP who wishes to appoint a CCASS GCP to clear and settle Exercised Options Trade (EOT) in CCASS.
DCP = Direct Clearing Participant
NCP = Non-clearing Participant
NCCCP = Non-China Connect Clearing Participant
GCP = General Clearing Participant
If a NCP wants to become a DCP or GCP of HKSCC, please refer to the “Explanatory Notes for Application for Participantship” and “Admission Criteria and Operational Requirements for Becoming a Participant of HKSCC” for documents/forms required.
For the current list of GCP of HKSCC, please refer to the following link:
Frequently Asked Questions