HKEx Clearing House and TDCC Sign MOU
The Hong Kong Securities Clearing Company Limited (HKSCC), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), and the Taiwan Depository & Clearing Corporation (TDCC) signed a Memorandum of Understanding (MOU) November 17 (Thursday) focused on cooperation and the exchange of information.
HKSCC, the clearing house and central depository for HKEx’s securities market, provides clearing, settlement, depository and nominee services for securities listed in Hong Kong. TDCC, the central depository in Taiwan, provides services for equity securities and fixed-income instruments.
The MOU was signed by HKEx Chief Executive Charles Li, who is also HKSCC Chairman, and TDCC Chairman Ding Kung-Wha at a ceremony in Taipei.