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Severe Weather Arrangements

OTC Derivatives Clearing

If a Typhoon Signal No 8 (or above) or Black Rainstorm Warning is issued by the Hong Kong Observatory or “extreme conditions” are in force (as announced by the Government after super typhoons), OTC Clearing Hong Kong Limited’s clearing and settlement services will continue to operate as usual. The operating hours will remain the same and all settlement obligations will have to be satisfied within the prescribed timeframe as usual.  

However, there will be a special arrangement for voluntary deposits of collateral and withdrawal requests.  For details please refer to section 9.5 of the Clearing Procedures and the OTC Clearing circular on “extreme conditions”.

Updated 07 Apr 2017