Hong Kong Securities Clearing Company, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today (Tuesday) declared Lehman Brothers Securities Asia Limited a defaulter under Rule 3701 of General Rules of CCASS.

Furthermore, The Stock Exchange of Hong Kong (SEHK), also a wholly-owned subsidiary of HKEx, has also suspended the right of Lehman Brothers Securities Asia Limited to access the Options Trading System.  As a consequence, The SEHK Options Clearing House Limited (SEOCH), a wholly-owned member of the HKEx Group, has determined to suspend the Participantship of Lehman Brothers Securities Asia Limited pursuant to Rule 718 of the Options Clearing Rules until further notice.

SEHK suspended the trading of Lehman Brothers Securities Asia Limited in the securities and stock options markets before the commencement of the Morning Session.