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Hong Kong
Dollar (HKD)
USD
342bn
GMT
+8 hours
ISIN
Hang Seng
Equities | Corporate bonds | Government bonds | Derivatives | |
---|---|---|---|---|
Trading | SEHK | OTC via CMU | OTC via CMU | SEKH/HKFE |
Clearing | HKSCC | n/a | n/a | SEOCH/HKCC |
Settlement and custody | HKSCC | CMU | CMU | HKSCC |
Cash leg | HKICL | HKMA | HKMA | n/a |
Nominal limit of 10 units of the relevant settlement currency of the trade: HKD 10, USD 10, CNY 10.
See buy-in practice below.
A compulsory buy-in is conducted against the failing party on the morning of T+3 with the failing party being responsible for buy-in costs and any incidental expenses, as well as a buy-in penalty of 0.5% imposed by HKSCC.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
We are the largest General Clearing Participant (GCP) for equities in the Hong Kong SAR, China market, working closely with HKEx to maintain our position as the premier service provider to banks and broker dealers.
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
The BNP Paribas Securities Services Hong Kong SAR, China branch was established in 2008, now clearing approximately 15% of the Hong Kong SAR, China equities market. The service delivered by its 120 Hong Kong SAR, China - based staff leverages the support of our regional centre of excellence in Chennai.
For more information, please contact your relationship manager or
Angely Yip, Head of Sales and Relationship Management, North Asia
angely.yip@asia.bnpparibas.com