Hong Kong Securities Clearing Company Limited
HKEX and its subsidiary companies, HKFE Clearing Corporation Limited and SEHK Options Clearing House Limited, operate rigorous risk management system which enables participants and their clients to meet their investment and hedging needs in a liquid and well-regulated market place. OCC's Board has authorized OCC to seek up to an additional $2.5 billion in external liquidity, including through the Non-Bank Liquidity Facility, which would give OCC access to a total of $5.5 billion in external liquidity. For the additional $2.5 billion, OCC expects that it will source $1.5 billion from bank counterparties and $1 billion under the Non-Bank Liquidity Facility. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. Accordingly, the Commission believes that the changes proposed in the Advance Notice are consistent with Rule 17Ad-22 under the Exchange Act. Accordingly, and for the reasons stated above, the Commission believes the changes propo...