Third Party Clearing Participantship Admission related documents 
29/06/2017 
 

Participant Admission related documents

Admission Criteria and Operational Requirements for becoming a Participant of Hong Kong Securities Clearing Co. Ltd.
Custodian/General Clearing Participantship Application Form
Custodian/General Clearing Participantship Application Notes

Summary of Application Documents required for Change of Participantship and Clearing Arrangement

Change of Clearing Status

Change of Participantship
of HKSCC*

Change of Clearing Relationship

From
DCP to
NCP

From Custodian
to GCP

From
DCP
to
GCP   

From
GCP to
DCP

Appointment
of another
GCP

Relevant Application Forms:

1.

Notice of Termination of Participation in CCASS

2.

Form 1H - Application for Change
of Participantship of HKSCC
          Explanatory Notes (EN1H) 

3.

Form 1K - Notification of Bank Account Information for Receiving IPO Brokerage

4.

Form 11 - Notification of Execution of Clearing Agreement 

 

5.

Form 12 - Notification of Termination of Clearing Agreement

6.

CCASS / CCMS SDNet Line Service Notification Form for HKSCC / HKCC / SEOCH Participants / HKSCC Designated Banks - Cancellation

 

7.

Authorization To HKSCC on Causing Endorsements to be Made on Instruments of Transfer as Selling Broker's Agent

Explanatory Notes

Appendix I  Appendix II  Appendix III

8.

Direct Clearing Participant Agreement

9.

General Clearing Participant Agreement

 

10.

Deed of Charge Relating to SEOCH Collateral [1]

11.

Mandate Authorising SEOCH to transfer collateral and settlement amount to HKSCC [1]

Supporting Documents:

1.

An Operations and Risk Control Plan
(Please refer to EN1H)

2.

A certified true copy of the Financial Return submitted to the Securities and Futures Commission together with the management accounts (to be made up to a date within one month from the date of application)

3.

Board Resolution

*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
GCP = General Clearing Participant