HKEX welcomes Morgan Stanley as OTC Clear’s new clearing member. This follows OTC Clear’s earlier announcement to welcome entities incorporated in England and Wales as clearing members.

For more details of OTC Clear, please visit the site below! https://t.co/HTDMp7gmmu

— HKEX 香港交易所 (@HKEXGroup) November 8, 2024

BECOMING AN OTC CLEAR CLEARING MEMBERS

OTC Clear Membership Criteria

(Please also refer to Part II of the OTC Clear Rates and FX Derivatives Clearing Rules and Chapter 2 of the OTC Clear Clearing Procedures)

Currently, there is only a single Clearing Member category offered by OTC Clear. A summary of the membership criteria is shown below.

General requirements applicable to all new clearing members:

1. Satisfy the Minimum Capital Requirements (refer below for details).
2. Have operational and system capabilities for OTC derivatives settlement and access to at least one Approved Trade Registration System.
3. Have adequate risk management systems, policies and procedures in place.
4. Guarantee Fund contribution of HK$25,000,000^[1].

Source: HKEX