Search results
Results From The WOW.Com Content Network
The Group also operates four clearing houses in Hong Kong: Hong Kong Securities Clearing Company Limited (HKSCC), HKFE Clearing Corporation Limited (HKCC), the SEHK Options Clearing House Limited (SEOCH) and OTC Clearing Hong Kong Limited (OTC Clear).
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks ...
The point of OTC clearing is to avoid having the effect of financial shocks amplified through means not supervised by the agencies, to encourage transparency of the pricing of these standardized financial products, and to mitigate credit and default risks associated with over-the-counter trading.
The deal marked the first time a clearing house would clear OTC options on S&P indexes. It also included the S&P MidCap 400 and S&P SmallCap 600. [ 6 ] In July, 2012 the Financial Stability Oversight Council (FSOC) designated OCC as a Systemically Important Financial Market Utility (SIFMU) as a part of the Dodd-Frank financial overhaul law.
1969 – Banque Centrale de Compensation SA is established to clear contracts traded in Paris commodity markets. 1990 – Banque Centrale de Compensation SA becomes a subsidiary of MATIF, and is the first organisation in Europe to clear both cash and derivatives. 1998 – Bourse de Paris takes control of MATIF. It launches a clearing service ...
BY CLARE BALDWIN AND JAMES POMFRET (Reuters) - Hundreds of Hong Kong police staged their biggest raid yet on a pro-democracy protest camp before dawn on Friday, charging down student-led activists ...
Hong Kong artist Kacey Wong is striving to keep alive the memory of China's June 4 crackdown on pro-democracy demonstrators from his adopted home of Taiwan, as Chinese authorities again bar all ...
The Securities and Futures Commission (SFC) of Hong Kong is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The SFC is responsible for fostering an orderly securities and futures markets, to protect investors and to help promote Hong Kong as an international financial centre and a key financial market in China.