HKEx moves to introduce margins for cash clearing members

charles-li

The Hong Kong Exchanges and Clearing (HKEx) plans to consult market participants this year about charging clearing members of its cash equity clearing house - which also clears exchange traded funds and structured products - an up-front margin as well as expanding the size of its guarantee fund to patch up holes in its risk management exposed by the default of Lehman Brothers in 2008.

In beefing up risk management of its cash equities clearing division, the Hong Kong Security Clearing Corp (HKSC

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