HKFE Clearing Corporation Limited (HKCC) has recalculated the HKCC Participant Additional Deposits (HPAD) in accordance with Rule 705A and the Clearing House Procedures. The new total HPAD requirement is HK$2,863 million, distributed among participants based on their daily average net margin liabilities from May 9, 2024, to July 31, 2024, as per Chapter 4 of the Clearing House Procedures for Futures/Options Contracts on the HKATS. Details of individual contributions are available in the RP008 report on the DCASS Terminal as of August 1, 2024. The required or surplus amounts will be settled via the “Direct Margin Debiting System” by 4:00 p.m. on August 2, 2024. The Reserve Fund will be HK$3,783 million after recalculation, with additional margins collected if the Reserve Fund Threshold of HK$7,300 million is exceeded.
Resources: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/OTC-Clear/2024/Circular_OTCRM_Aug_2024_026.pdf
