Hong Kong Exchanges and Clearing : HKCC Announces Temporary Holiday Risk Management Arrangements

All markets operated by the Hong Kong Futures Exchange will be closed for business on 2 October 2017 and 5 October 2017 respectively. In order to assure that safeguards are in place against potential market risks that may arise during the aforesaid periods when some of the major markets are open, the Clearing House has decided to make a mandatory intra-day variation adjustment call on Clearing Participants in the Hang Seng Index, Mini-Hang Seng Index, HSCEI, Mini-HSCEI, HSCEI Dividend Point Index, USD/CNH Futures and CNH/USD Futures markets on Friday, 29 September 2017 and Wednesday, 4 October 2017 respectively.

The mandatory intra-day variation adjustment will be calculated based on open positions existing in the above-mentioned markets at around 3:00 p.m. on 29 September 2017 and 4 October 2017 respectively. You are required to ensure completion of payments within one hour after receiving notification of details of the variation adjustment requirements, if any.

Please ensure that your staffs are fully aware of the mandatory intra-day variation adjustment calls and make necessary arrangement with your designated bank. You are also strongly advised to give advance notice to your clients regarding this arrangement where appropriate.

Despite the mandatory intra-day variation adjustment calls mentioned above, the Clearing House may make additional intra-day variation adjustments on 29 September 2017 and 4 October 2017, respectively, if market condition warrants.

For and on behalf of

HKFE Clearing Corporation Limited

Sit Ka Kit

Authorized Signatory