Otc Clearing Hong Kong Limited. 1 OTC Clearing Hong Kong Limited (OTC Clear) is a Hong Kongincorporated subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) and commenced operations in November 2013 HKEX holds 75% of the issued share capital of OTC Clear and has 100% of the voting rights 12 other financial institutions (the NonVoting Ordinary.
Client Clearing from HKEX
HKEX is one of the world’s major exchange groups and operates a range of equity commodity fixed income and currency markets HKEX is the world’s leading IPO market and as HongKong’s only securities and derivatives exchange and sole operator of its clearing houses it is uniquely placed to offer regional and international investors access to Asia’s most vibrant market.
Clearing Services Hong Kong Stock Exchange
OTC Clearing Hong Kong Limited(OTC Clear) is a central counterparty (CCP) established by HKEX for the purpose of providing clearing and settlement services for OTC derivative transactions OTC Clear is a 76% owned subsidiary of HKEX with 12 financial institutions as F ounding S hareholders holding the remaining 24% of shares.
CCP Disclosures Hong Kong Stock Exchange
Disclosure of the list of Clearing Members of OTC Clearing Hong Kong Limited in Category 1 for the purpose of the clearing obligation under European Market Infrastructure Regulation (EMIR) Commission Delegated Regulation (EU) 2015/2205 of 6 August 2015 on the clearing obligation (OJ L 314 1122015 p 13).
Client Clearing
Members Hong Kong Stock Exchange List of Clearing
OTC CLEARING HONG KONG LIMITED HKEX
OTC Clearing Hong Kong Limited HKEX Group
OTC Clearing Hong Kong Limited (OTC Clear) has implemented a comprehensive risk management framework which is designed to ensure the timely settlement of relevant securities transactions derivatives contracts and stock options transactions by adequately controlling credit market and liquidity risks OTC Clear also has appropriate policies procedures and controls in place to manage the additional risks that its services are exposed to including legal risk settlement risk general.
