Hong Kong is consulting on the standard calculation period under the settlement rules for over-the-counter derivatives

The Hong Kong Monetary Authority and the Hong Kong Securities and Futures Commission are conducting a joint consultation on the standard calculation periods under the settlement rules for over-the-counter derivatives. Under the current practice, the existing list of calculation periods specified in the settlement rules needs to be updated regularly in response to the requirement for central clearing of over-the-counter derivatives transactions. It is proposed to designate a standard calculation period for each year starting from March 1, 2027. This move will help derivatives traders more clearly identify future calculation periods to ensure compliance