HKFE Clearing Corporation Limited (HKCC) and The SEHK Options Clearing House Limited (SEOCH) are the clearing houses for the derivatives contracts traded in Hong Kong Futures Exchange Limited and The Stock Exchange of Hong Kong Limited (Exchanges) respectively. The derivatives contracts traded in the Exchanges include futures and/or options in equity index, stock, interest rate, currency products and commodity products. For an updated list of the products cleared by the two Clearing Houses, please refer to Product Information on HKEX website. Both HKCC and SEOCH act as central counterparties and guarantee settlement of transactions effected by the Clearing Participants (CPs). In addition, both clearing houses offer clearing services such as post trade management, position management and exercise and assignment.
Details of all derivatives contracts traded are electronically and automatically transmitted to HKCC/SEOCH once they have been validly concluded at the Exchanges. The related trade records are updated real-time in the Derivatives Clearing and Settlement System (DCASS). DCASS is an integrated system covering both futures and options products capable of processing high volume. It also provides a seamless interface for derivatives trading and clearing, which reduces cost through common hardware, software and communication links, further details of DCASS can be found in Listed Derivatives - Infrastructure on HKEX website.