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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 Association was renamed the Hong Kong Stock Exchange in 1914. [citation needed] A second exchange, the Hong Kong Stockbrokers' Association was incorporated in 1921. The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War.
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 ...
In January 2014, OCC officially received regulatory approvals to clear OTC equity index options. The launch of the OTC S&P 500 equity index option clearing services took place in April 2014. [13] On September 29, 2014, OCC and the U.S. options exchanges announced the adoption of new principles-based risk control standards.
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 ...
Customer Service, MTRShops ATM: L2: Chater Road concourse Customer Service, MTRShops Hang Seng Bank, vending machines Pedder Street concourse Customer Service, MTRShops Subway to Hong Kong station for Tung Chung line & Airport Express Octopus promotion machine, i-centre internet service Side platform, doors will open on the left: Platform 3
LCH runs a clearing service for contracts for difference (CFDs). CFDs were first launched in the UK in the early 90s as a short access product. Since then their use has grown across the world. LCH's centrally cleared CFD (ccCFD) service, in conjunction with Chi-X Europe, are an alternative to the traditionally over-the-counter traded CFDs.
The present structure and format of telephone numbers in Hong Kong according to the Hong Kong Telecom Service Numbering Scheme, is as follows (the first digits of the telephone number are used as follows): [2] 001 – International long-distance voice service access code; 002 – International long-distance fax / data service access code