Hong Kong Securities Clearing Company Limited
It is this contract, and not the actual, physical wheat, that can be subsequently bought and sold in the futures market. A centrally-located venue at the heart of Hong Kong financial hub, the HKEX Connect Hall is an iconic venue for Hong Kong’s financial community. These liquidity providers may consider the benefits and costs of participation, including the adverse change provision, before determining that their participation in the facility would be preferable to alternative investments and would benefit their shareholders and beneficiaries. As proposed, the facility would not limit the total aggregate commitments OCC may seek. As a practical matter, OCC expressed its intent to source approximately $1 billion in additional liquidity under the Non-Bank Liquidity Facility following removal of the aggregate commitment limit. Any change to the Non-Bank Liquidity Facility that could materially affect the nature or level of risk posed by OCC would necessitate an advance notice filing. HK...