Settlement

UBS facing US$1.6b penalty to settle Libor claims

18 Dec 2012

UBS is set to pay as much as US$1.6 billion to settle claims of Libor manipulation by the US Department of Justice, the Commodity Futures Trading Commission, the British Financial Services...

4:43AM

HSBC share price rises as it settles criminal probe for US$1.92 billion

12 Dec 2012

HSBC Holdings has agreed to pay US$1.92 billion in fines to resolve a lengthy criminal investigation by US authorities into money laundering and terrorist financing, a record bank penalty.

4:18AM

Disputed value

4 Aug 2011

Mediation is a well-intentioned judicial tool that is often a waste of money. In light of recent news coverage, the Hong Kong courts may want to reconsider the policy of effectively forcing...

4:18PM

Mainland, SAR eye common settlement platform

16 Jan 2002

The mainland and Hong Kong have agreed in principle to link their debt settlement systems in a bid to promote the development of debt market infrastructure.

The link will allow...

11:58AM

Three days' grace

8 Nov 1998

HONGKONG (November 11): LOCAL and overseas brokers at a meeting yesterday reached a compromise solution to the undecided stock settlement period.

8:12AM

Clearing deadline strictly enforced

25 Sep 1998

Yesterday marked the first day of Hongkong Clearing's strict imposition of the T+2 deadline for stock settlement, criticised by some brokers as an attack on international investors.

...

2:06AM

Opinion

Michael Cox

The last straw for Terry Wong?

2:53PM

Jake Van Der Kamp

iBonds are little help in easing inflation and a bad bet financially

3:55AM

Real-time deals near

Hongkong Clearing is to implement the first phase of real-time delivery versus payment (DVP) next month in a move which will enable simultaneous securities and money settlement.

5:49AM

On the spot

In a case of unfortunate timing, Cedel Bank, the Luxembourg-based clearing house, yesterday launched clearing and settlement of Indonesian-listed equity and corporate debt.

Citibank...

9:26PM

Exchange suspends Wei Xin

The Stock Exchange has suspended the membership of Wei Xin Securities, which voluntarily ceased trading on Tuesday.

Hong Kong Securities Clearing Co declared Wei Xin a defaulter for...

1:22AM

Judge rejects swindle claim

A MAN who claimed his sons had swindled him of his substantial fortune failed to convince the High Court to set aside a compromise settlement he had signed.

1:26PM