Hong Kong Exchanges & Clearing Ltd. · HKEX:388

Hong Kong Exchanges & Clearing — HKAB Webinar #3 (July 2022)

10 slides from Hong Kong Exchanges & Clearing's conference presentation, Jul 13, 2022

  1. Slide 1: Project FINI Update HKAB Webinar #3

    Project FINI Update HKAB Webinar #3 City Chan Clearing Infrastructure Raymond Lee Transformation 13 July 2022

  2. Slide 2: Disclaimer

    Disclaimer The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities, or other products or to provide any investment advice or service of any kind. Thi

  3. Slide 3: Summary

    Summary Project FINI is close to completing its system development phase. The expected next step is preparing for external testing and user on-boarding. The purpose of this webinar is to provide HKAB members several project updates: 1 Updated Guidance 2 SWIFT Implementation 3 On-boarding Steps 4 Get

  4. Slide 4: Updated Guidance

    1 Updated Guidance Nominee Bank Account Setup EIPO Funding Confirmation EIPO Money Settlement As part of the on-boarding for FINI, EIPO After the public offer book close, EIPO After public offer allotment, EIPO Designated Designated Banks set up a bank account for Designated Banks confirm or reject

  5. Slide 5: SWIFT Implementation

    2 SWIFT Implementation Key Updates Illustration  HKAB members are invited to subscribe to HKSCC’s 1 After logging onto swift.com: ► My tools Closed User Group (CUG) for FINI IPO settlement ► Order products & services ► Market Infrastructure  HKAB members may find the market infrastructure through

  6. Slide 6: On-boarding Steps

    3 On-boarding Steps HKEX will open the FINI On-boarding Application Form in October 2022: A Access Application Form B Fill out ‘FINI Bank’ Form C Generate Response / DDA Forms D Sign Response / DDA Forms DocuSigned by: KJ12K3JH1K2JH1… Name: Mary Lee Title: Executive Director Company: Hong Kong Bank

  7. Slide 7: Getting Ready for FINI

    4 Getting Ready for FINI HKAB members are recommended to prepare for the following key items in the upcoming quarters: Now (Q3 2022) Q4 2022 Q1 2023 Q2 2023 Internal Preparations:  Set up nominee bank account for  Update internal systems to operate  Adapt to FINI functionality and  Manage transi

  8. Slide 8: Thank you.

    Thank you. For further information on HKEX, please go to hkexgroup.com and hkexnews.hk For further information on FINI, please go to hkex.com.hk/fini

  9. Slide 9: Appendix: Updated Legal Governance under FINI

    Appendix: Updated Legal Governance under FINI  HKSCC Rules & Ops: Defines the duties, roles, obligations and liabilities of CPs (inclusive of those who are also DBs) HKSCC DDA (1) (if applicable) HKSCC  FINI T&Cs: Defines the rights, duties, roles and responsibilities of FINI users, including DBs

  10. Slide 10: Appendix: Expected Changes for IPO Receiving Banks (RBs)

    Appendix: Expected Changes for IPO Receiving Banks (RBs) Remains the same Main changes  Multiple RBs can be appointed  Account information + DDA submitted via FINI (not email) RB Nominee  Account setup and authorisations for HKSCC to debit Bank Accounts funds must be completed before IPO launch 

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