HKEx Introduces The Second Phase Of CCASS/3

Hong Kong Exchanges and Clearing Limited (HKEx) will introduce the second phase of CCASS/3, the next generation of the Central Clearing and Settlement System, on Monday, 9 December, following the successful conversion of the system from the Stage-1 to Stage-2 format yesterday (7 December) and today (8 December).

Trading in the securities and derivatives markets, settlement arrangements for trades concluded in those markets and the margin call arrangements will not be affected by the introduction of CCASS/3 Stage-2.