HKFE Clearing Corporation (HKCC) Participantship 
01/11/2005 
 

Criteria

(Please also see Chapter II of the Rules of HKFE Clearing Corporation Limited ("HKCC"))

HKCC has two categories of Participantship, each of which has different conditions and privileges :-

1) General Clearing Participant ("GCP") - A participant which registers and clears trades for its own and clients accounts and on behalf of Non-Clearing Participants.
be an Exchange Participant of HKFE.
have a liquid capital of not less than the higher of :-
(a)its required liquid capital under the Financial Resources Rules; or
(b)HK$20,000,000.
contribute HK$7,500,000 Participant Deposit to the Reserve Fund referred to in Chapter VII of the HKCC Rules.
     
2)Clearing Participant ("CP") - A participant which only registers and clears trades for its own and clients accounts.
be an Exchange Participant of HKFE.
have a liquid capital of not less than the higher of :-
(a)its required liquid capital under the Financial Resources Rules; or
(b)HK$5,000,000.

contribute HK$1,500,000 Participant Deposit to the Reserve Fund referred to in Chapter VII of the HKCC Rules.