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Rule Update - Operational Clearing Procedures for Options Trading Exchange Participants of SEOCH


Updated: 30 November 2007

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to  the introduction of third party clearing by Hong Kong Securities Clearing Company Limited (take effect from 3 December 2007)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the SEOCH's Reserve Fund arrangements (take effect from 1 November 2007)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the System Input Cutoff Time (take effect from 9 July 2007)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the 2 tier banking structure for money settlement purposes (take effect from 18 June 2007)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the use of Client Offset Claim Account (take effect from 3 July 2007)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to Daily Settlement Price Determination Methodologies (take effect from 7 May 2007)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to modify the capital based position limit policy (take effect from 20 November 2006)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the new market maker model for products of Hong Kong Futures Exchange Limited (take effect from 1 February 2007)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to adjustments to Stock Options Position Limits and Reporting Levels (take effect from 10 February 2006)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to Minimum Margin Coverage by Cash Collateral in Contract Currency (take effect from 3 January 2006)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the removal of SEOCH's category of Self Clearing Participants and harmonization of SEOCH and HKCC's capital requirements for Clearing Participants (take effect from 1 November 2005)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the implementation of new collateral policies (take effect from 22 August 2005)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the handling of Capital Adjustments for Special Events (take effect from 1 July 2005)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the interest retention rates (take effect from 1 June 2005)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the abolition of the registration requirements for Options Clearing Officers (take effect from 1 April 2005)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants in relation to the abolition of Standard Instruction Input / Processing Fee (take effect from 1 March 2005)

Amendments to the Operational Clearing Procedures for Options Trading Exchange Participants relating to the implementation of the Derivatives Clearing And Settlement System (take effect from 6 April 2004)