B · Normal
[Hong Kong Exchange: Will launch a digital payment solution for the after-closing trading period of derivatives products in December] Hong Kong Exchange announced that it will launch a new digital payment solution on December 14 to facilitate settlement participants to pay prepaid deposits during the after-closing trading session of the derivatives market. This new service is launched based on the cooperation plan between HKEX and the Hong Kong Monetary Authority (HKMA) to explore the use of digital Hong Kong dollars to pay pre-paid deposits during the after-hours trading session. After the launch of the new scheme, eligible clearing participants of Hong Kong Futures Clearing Company Limited (Futures Clearing Corporation) can use this digital payment method and submit prepayment deposit applications between 5 p.m. and 1:30 a.m. so that the relevant funds can be used for the corresponding after-hours trading session. The extended payment period will supplement the existing payment arrangements and allow clearing participants to more flexibly manage the use of their capital-based position limits outside normal banking hours. (China Securities News)
Comments