Capital Asia expects futures unit CA Pacific Futures to resume next week its clearing functions, suspended by the Hong Kong Futures Exchange since August 21. Exchange chief executive-designate Robert Gilmore said earlier the suspension was due to the firm's lack of risk management systems to ensure it could pay sufficient margins on time. Capital Asia's executive director Martin Wong yesterday said his company had been co-operating with the exchange wherever applicable and submitted documents as required in a bid to resume the function as soon as possible. He believed the exchange may need some time to get through the necessary procedures for the resumption, but emphasised that everything had been proceeding smoothly. Mr Wong said the suspension had no material impact on the firm because clearing operations comprised only a small proportion of overall business. For the past month, the firm had been sub-contracting the clearing function to other clearing members of the exchange so it could keep its futures business running, he said. General manager Stephen Wan said the firm had received no complaints from customers who demanded compensation because of the suspension. On the possible spin-off of Capital Asia's financial services business for a separate listing, Mr Wong said this had been on the company's agenda but would not take place for the time being as the management was still considering which options best served its development needs.