Hong Kong Regulations

BANKING (SPECIFICATION OF CLASS OF EXEMPTED CHARGES) NOTICE - SECT 2

Specification of exempted charges

The following classes of charges are charges to which section 106(1) of the
Ordinance shall not apply-

   (a)  charges created in favour of Euroclear Bank S.A. (acting as operator
        of the Euroclear System) by an authorized institution incorporated in
        Hong Kong;

   (b)  charges created in favour of Clearstream Banking S.A. by an authorized
        institution incorporated in Hong Kong.