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Becoming a HKCC Participant

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 or be a registered institution which is registered to carry on Type 2 regulated activity under the Banking Ordinance (Chapter 155 of the laws of Hong Kong).
(if the applicant is not a registered institution) 
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.
  (if the applicant is a registered institution)
have Tier 1 capital under the Banking (Capital) Rules of not less than HK$390,000,000.

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.

 

HKCC Participant Admission Criteria and Operational Requirements

Updated 28 Oct 2019

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