How many clearing houses are there in HK?

How many clearing houses are there in HK?

• A. 3
• B. 5
• C. 4
• D. 6

Answer: (C)

Clearing houses act as central counterparties, guaranteeing performance on both sides of a trade and reducing settlement risk. Hong Kong’s market is organized with separate clearing houses for different segments, so there are four in total. Each one provides the CCP function for its own area—covering securities, futures/derivatives, and two other distinct clearing areas—allowing tailored risk controls, collateral requirements, and settlement timelines. So, four is the correct number.

Clearing houses act as central counterparties, guaranteeing performance on both sides of a trade and reducing settlement risk. Hong Kong’s market is organized with separate clearing houses for different segments, so there are four in total. Each one provides the CCP function for its own area—covering securities, futures/derivatives, and two other distinct clearing areas—allowing tailored risk controls, collateral requirements, and settlement timelines. So, four is the correct number.