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

The Traded Options Market will be closed for business on 1 May 2017 and 3 May 2017 respectively. In order to assure that safeguards are in place against potential market risk that may arise during the aforesaid periods when some of the major markets are open, the Clearing House has decided to make a special intra-day margin call in respect of all open positions on Friday, 28 April 2017 and Tuesday, 2 May 2017 respectively.

The special margin call will be calculated based on open positions at around 3:00 p.m. on 28 April 2017 and 2 May 2017 respectively. You are required to ensure completion of payments within one hour after receiving notification of details of your special intra-day margin call.

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

Despite the special intra-day margin calls mentioned above, the Clearing House may make additional intra-day margin calls on 28 April 2017 and 2 May 2017, respectively, if market condition warrants.

For and on behalf of

The SEHK Options Clearing House Limited

Terence Low Authorized Signatory