The operating window of the new digital payment solution for advance margin payment service will be extended beyond regular banking hours to support the AHT session, representing a meaningful enhancement in payment flexibility for CPs.

HKCC CPs who opt to use this payment option will not need to upgrade their systems or incur charges. Participating CPs can leverage on existing operational process for the Real-Value Trial Transaction to make AMD payment in AHT.

The Real-Value Trial Transactions are open to all eligible HKCC CPs. HKEX is taking a phased approach in exploring the new digital payment solution, commencing with Real-Value Trial Transactions before wider adoption. The Real-Value Trial Transactions will be supported by Bank of China (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited – together representing the majority of AMD activity by both the number of deposits and transaction value. HKCC CPs that use any of these Settlement Banks are therefore eligible to sign up for participation in the Real-Value Trial Transactions, with final participation subject to other relevant factors.

Participation in the trial is entirely optional. HKCC CPs interested in exploring this new capability are welcome to register by submitting the registration form. At the same time, HKCC CPs that choose not to participate may continue with the existing arrangement of making advance margin deposits during daytime hours without any disruption. This new payment solution is designed to extend the current daytime practice for advance margin deposits to after-hours trading (AHT).

Subject to results from this project, regulatory approval and other factors, HKEX will consider further extension of use cases in due course.