OTC Clear Membership Criteria
(Please also refer to Part II of the OTC Clear Rates and FX Derivatives Clearing Rules and Chapter 2 of the OTC Clear Clearing Procedures)
Currently, there is only a single Clearing Member category offered by OTC Clear. A summary of the membership criteria is shown below.
General requirements applicable to all new clearing members:
Satisfy the Minimum Capital Requirements (refer below for details).
Have operational and system capabilities for OTC derivatives settlement and access to at least one Approved Trade Registration System.
Have adequate risk management systems, policies and procedures in place.
Guarantee Fund contribution of HK$50,000,000.
The Minimum Capital Requirements for different types of entities are listed below.