Rule Update - Rules and Procedures of OTC Clear 
25/09/2017 
 

Amendment of OTC Clear Rules and Procedures in connection with (1) the enhancement of clearable product features for cross currency swaps, deliverable interest rate swaps and non-deliverable interest rate swaps and non-deliverable interest rate swaps and non-deliverable interest rate swaps;(2) the tariff incentive for clearing legacy transactions;(3) product suspension and (4) the cessation of accepting transactions submitted through the HKTR-MC service. (effective from 25 September 2017)

Amendment of OTC Clear Rules in connection with the shortening of the collection period for Guarantee Fund contributions to one business day (effective from 29 September 2017) (Marked–up version of amendment attached for information)

Amendment of OTC Clear Procedures in connection with the shortening of the collection period for Guarantee Fund contributions to one business day (effective from 29 September 2017) (Marked–up version of amendment attached for information)

Amendment of OTC Clear Rules in connection with the extension of OTC Clear's clearing service to Hong Kong dollar basis swap and Indian rupee, Korean won, Thai baht, New Taiwan dollar and Malaysian ringgit (effective from 15 May 2017) (Marked-up version of amendments attached for information)

Amendment of OTC Clear Procedures in connection with the extension of OTC Clear's clearing service to Hong Kong dollar basis swap and Indian rupee, Korean won, Thai baht, New Taiwan dollar and Malaysian ringgit (effective from 15 May 2017) (Marked-up version of amendments attached for information)

Amendment of OTC Clear Rules in connection with the introduction of client clearing services for Hong Kong-incorporated Clearing Members who provides client clearing services through their Hong Kong head office and the acceptance of certain non-cash collateral from Hong Kong-incorporated Clearing Members (effective from 20 March 2017)
(Marked-up version of amendments attached for information)

Amendment of OTC Clear Procedures in connection with the introduction of client clearing services for Hong Kong-incorporated Clearing Members who provides client clearing services through their Hong Kong head office and the acceptance of certain non-cash collateral from Hong Kong-incorporated Clearing Members (effective from 20 March 2017) (Marked-up version of amendments attached for information)

Amendment in connection with the introduction of clearing services for cross-currency rates derivatives contracts (effective from 15 August 2016) (Marked-up version of amendments attached for information)

Amendment in connection with OTC Clear’s petition for exemption from registration in the U.S. Commodity Futures Trading Commission (“CFTC”) as a Derivatives Clearing Organization under Section 5b(a) of the Commodity Exchange Act (“DCO”) (effective from 5 October 2015) (Marked-Up version of amendments attached for information)

Amendment in connection with the coming into operation of certain provisions of the Securities and Futures (Amendment) Ordinance 2014 and the repeal of the Securities and Futures (futures Contracts) Notice 2012 made under Section 392 of the Securities and Futures Ordinance, in addition to other housekeeping amendments (effective from 10 July 2015) (Marked-up version of amendments attached for information)

PRC Clearing Member Schedule (effective from 24 Apr 2015)

Amendment to facilitate compliance by OTC Clear with its Part 45 reporting requirements to the U.S. Commodity Futures Trading Commission (effective from 29 Aug 2014) (Marked-up version of amendments attached for information)

Amendments to facilitate OTC Clear to comply with its obligations as a participating foreign financial institution under the U.S. Foreign Account Tax Compliance Act (effective from 1 July 2014) (Marked-up version of amendments attached for information)