HKEX: to launch digital payment solution for derivatives after-hours trading session in December

November 13 - Hong Kong Exchanges and Clearing Limited (00388.HK) announced that it will launch a new digital payment solution on December 14 to facilitate clearing participants in paying preliminary margin for after-hours trading in the derivatives market. This new service is launched under a collaborative plan between HKEX and the Hong Kong Monetary Authority to explore the use of e-HKD for paying preliminary margin during after-hours trading sessions.

With the launch of the new solution, eligible clearing participants of HKFE Clearing Corporation Limited can opt for this digital payment method to submit preliminary margin applications from 5:00 PM to 1:30 AM, so that the relevant funds can be used for the corresponding after-hours trading session. The extended payment period will complement the existing payment arrangements, allowing clearing participants to manage their usage of capital-based position limits more flexibly outside normal banking hours.