Monday April 4 2016

News Source: Global Exchanges

Focus: Credit Rating

Type: General




HKSCC has performed a review of the size of the Guarantee Fund and the contributions required from each Clearing Participant. The required size of the Guarantee Fund excluding the Dynamic Contribution Credit for all Clearing Participants after the re-calculation is HK$1,856 million. The amounts of Basic Contribution and Dynamic Contribution required from a Clearing Participant are re-calculated based on its share of the average daily CNS positions of all Clearing Participants for the period from 1 March 2016 to 31 March 2016 pursuant to Section 18.2.1 of the CCASS Operational Procedures.

Clearing Participants can download the Statement of Guarantee Fund Contributions (GFR608) to obtain details of their individual contribution requirements via CCASS Terminal on 5 April 2016. General Clearing Participants can also download the NCP(s) Guarantee Fund Contribution Projection By Position (GFR616) report at the same time. The corresponding collection and refund of contributions will be conducted on 7 April 2016 through Direct Debit Instructions and Direct Credit Instructions respectively.

Click on the link above for further details.