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.