Hong Kong Exchanges to add digital margin payments for after-hours derivatives trading

Hong Kong Exchanges will introduce a digital payment service from Dec. 14 that will let participants post collateral during after-hours trading in the derivatives market, according to the source. The service was developed in cooperation with the Hong Kong Monetary Authority (HKMA) and will support collateral payments using digital Hong Kong dollars. Eligible clearing participants of Hong Kong Futures Exchange Clearing Corporation Limited (HKCC) will be able to apply to post collateral through the digital payment method from 5:00 p.m. to 1:30 a.m. UTC on Dec. 14, and the deposited funds can be used during that after-hours trading session.