Stress Testing 
  • HKSCC performs daily stress testing of its risk exposure arising from being the central counterparty to Exchange Trades and China Connect Securities Trades.

  • Key assumptions of the stress testing are:

Market movement assumptions:

For Hong Kong market:


+/- 22% for non-structured products

+/-100% for structured products

For China Connect Market: +/-10%

Default assumption:

Largest plus the 5th largest Clearing Participants’ default

  •  Financial resources available to cover HKSCC's stressed risk exposure include Margin, Mainland Settlement Deposit, Mainland Security Deposit and collateral provided by the respective Clearing Participants, the Guarantee Fund and HKEX shareholders’ fund set aside for the purpose of strengthening the risk management regime of the three clearing houses and supporting their roles as central counterparties.