Annex D
Tentative Timetable for the Introduction
of a Central Clearing System
and Extension of Stock Transaction Settlement Period
July 1988
•
December
The SEHK to consider the length of extension
of the settlement period.
Discussion among the SEHK and the major
banks on the establishment of a statutory
non-profit-making clearing house and perhaps
a depository for the securities industry.
Interim improvements introduced.
. Consultation with all interested parties.
•
The SEHK and the participating banks to
commence drawing up the constitution of the
proposed clearing house and the proposed
legislative amendments to accommodate the
clearing house.
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