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Clearing

Updated: 01 Jan 2016

Head : Mr Calvin TAI

The Clearing Division is responsible for the operations and business development of the clearing and risk management functions of the HKEX Group. It is organised into the following functions:

Cash & Derivatives Clearing

Cash & Derivatives Clearing is responsible for clearing, settlement, depository and nominee activities for the securities and derivatives markets. It is further divided into the following:

  • Cash & Derivatives Clearing Operations : responsible for handling clearing and settlement of securities and product traded on the cash and derivatives markets and providing Clearing and Investor Participants administration for the cash and derivatives market.
  • Depository & Nominee Services : responsible for providing central depository and custody services, common nominee services as well as stock admission administration.
  • Clearing Support Services : responsible for clearing product development and project management of the division, and providing hotline and training services to investors and Clearing Participants.

OTC Clear

OTC Clear is responsible for developing and implementing business strategies and handling clearing and settlement of OTC derivatives products.

Clearing Risk Management

Clearing Risk Management is responsible for supervising the clearing risk management functions of HKEX Group. It is organised into the following:

Cash & Derivatives Clearing Risk Management

Cash & Derivatives Clearing Risk Management is responsible for developing and implementing risk management strategies for all cash and derivatives clearing services.

FIC & OTC Clearing Risk Management

FIC & OTC Clearing Risk Management is responsible for developing and implementing risk management strategies for FIC and OTC clearing services.

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