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HKEx: The flat deposit rate for non-constituent virtual asset spot ETFs will be set at 30%.

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2024-04-23 04:48:35
The Hong Kong Stock Exchange (HKEX) and Hong Kong Securities Clearing Limited have issued a notice "Deposit Rates for Virtual Asset Spot Exchange Traded Funds (ETFs) ", which states that with reference to the notice issued on April 17, 2024 (No.: ETP/001/24), the following risk management arrangements will take effect on the same day after the launch of the Virtual Asset Spot ETF:
1. Non-constituent stocks (Class N) - the flat deposit rate for virtual asset spot ETFs and virtual asset futures ETFs will be set at 30%;
2. Non-constituent share class (Class N) - The flat deposit rate for other instruments will remain unchanged (i.e. 12%).
Clearing participants should note that their deposit rates will be determined in terms of the N flat deposit rates and their individual deposit multipliers. Clearing participants can retrieve the "Daily Participant Deposit Multiplier Report" (DWH0081C) from the Report Retrieval Platform to obtain their individual deposit multipliers.
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1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
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