HKSCC currently charges CCASS Participants a custody fee of $0.012 per board lot on a monthly basis for securities held in the Central Clearing and Settlement System (CCASS) at the end of each month. HKSCC notes that CCASS Participants may pass on these fees to their clients.
The waiver is being introduced in response to market comments and follows a careful review by HKSCC. "HKSCC believes the waiver is in the interest of the investing public, which is likely to enjoy some cost savings," said Stewart Shing, Chief Executive of HKSCC.
Types of securities held in CCASS covered by the waiver are:
- Securities whose listing has been cancelled by the Stock Exchange of Hong Kong (the Stock Exchange, a wholly-owned subsidiary of HKEx) in accordance with the delisting procedures stipulated in the Listing Rules.
- Securities that have been suspended from trading on the Stock Exchange for three months or more as included in the "Prolonged Suspension Status Report" posted in the Listing Matters and Listed Companies section on the HKEx website.
