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ARTICLE · 17 AUGUST 2011

T+2 Finality Arrangement For CCASS Money Settlement Introduced

Mayer Brown
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Hong Kong Exchanges and Clearing Limited (HKEx) published its "Consultation Conclusions on Introduction of a T+2 Finality Arrangement for CCASS Money Settlement" on 7 July 2011 (Consultation Conclusions) in response to the corresponding consultation paper published on 27 November 2009 pursuant to which a new T+2 Finality arrangement for money settlement in the Central Clearing and Settlement System (CCASS) established and operated by Hong Kong Securities Clearing Company Limited (HKSCC) was intr

Hong KongFinance and Banking
Jeckle Chiu
Jeckle Chiu
Juliana Lee
Juliana Lee
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Originally published August 4, 2011

Keywords: T+2, HKEx, finality arrangement, CCASS money settlement, Central Clearing and Settlement System, Hong Kong Securities Clearing Company Limited, HKSCC

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Hong Kong Exchanges and Clearing Limited (HKEx) published its "Consultation Conclusions on Introduction of a T+2 Finality Arrangement for CCASS Money Settlement" on 7 July 2011 (Consultation Conclusions) in response to the corresponding consultation paper published on 27 November 2009 pursuant to which a new T+2 Finality arrangement for money settlement in the Central Clearing and Settlement System (CCASS) established and operated by Hong Kong Securities Clearing Company Limited (HKSCC) was introduced on 25 July 2011. The major purpose of the new arrangement is to reduce the overnight credit risk of the securities market and align the money settlement arrangement in Hong Kong with the international best practices by bringing finality of securities and money

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