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.