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 any government authority of Hong Kong due to serious disruption of public transport services, extensive flooding, major landslides, large-scale power outage or any other adverse conditions before Typhoon Signal No. 8 or above is replaced with Typhoon Signal No. 3 or below), 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”.