Operational Procedures

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HKFE

OPERATIONAL PROCEDURES

Operational Clearing Procedures for Options Trading Exchange Participants of SEOCH

Operational Clearing Procedures for Options Trading Exchange Participants of SEOCH

TABLE OF CONTENTS
PREFACE
I.	INTRODUCTION TO OPERATIONAL CLEARING PROCEDURES
	1. INTRODUCTION
II.	SEOCH PARTICIPANTSHIP
	2. SEOCH PARTICIPANT 3. [Repealed]
III.	CLEARING SERVICES
	4. SERVICE SCHEDULES 5. TRADE AND POSITION MANAGEMENT 6. EXERCISE AND ASSIGNMENT 7. COLLATERAL
IV.	DUTIES AND OBLIGATIONS OF SEOCH PARTICIPANTS
	8. SETTLEMENT AND DELIVERY IN RESPECT OF STOCK TRANSACTIONS 9. MARGIN REQUIREMENT 10. MONEY SETTLEMENT 11. RESERVE FUND 12. POSITION CONTROL 13. FEES, LEVIES AND STAMP DUTY 13A. CONTRACT TERMINATION
V.	SPECIAL EVENTS
	14. CAPITAL ADJUSTMENTS 15. [Repealed] 16. HALF DAY TRADING 17. SUPPORT SERVICES IN THE EVENT OF LOSS OF ACCESS TO DCASS AND/OR CCMS 18. CCASS SETTLEMENT INSTRUCTIONS 19. CLEARING SERVICE TERMINATION EVENT 20. SEOCH FAILURE TO PAY EVENT AND SEOCH INSOLVENCY EVENT
APPENDICES
	Appendix A - C [Repealed] Appendix D. Portfolio Risk Margining System of HKEx (PRiME) Appendix E. Minimum Reserve Fund Contributions of SEOCH Participants Appendix F. [Repealed] Appendix G. Fees and Costs Payable to SEOCH Appendix H. List of Approved Currencies Appendix I. Interest and Accommodation Charge Structure

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Updated 04 Nov 2024