Hong Kong Regulations

SECURITIES AND FUTURES (FINANCIAL RESOURCES) RULES - SECT 29

Amounts receivable from other dealers in respect of dealings in futures contracts and options contracts

A licensed corporation shall include in its liquid assets, in respect of any
dealing by it in futures contracts or options contracts or any trading by it
in leveraged foreign exchange contracts-

   (a)  amounts receivable from a licensed corporation licensed for Type 1 or
        Type 2 regulated activity or a clearing participant of a futures 
        or options clearing house; and

   (b)  cash deposited with that licensed corporation or that clearing 
        participant, other than-

   (c)  admission fees it has paid to such licensed corporation or
        clearing participant; and

   (d)  cash it has deposited with such licensed corporation or
        clearing participant as security against its general obligations.