Safeheld
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    Hong Kong. The float, protected from receipt.

    Stored value facility licensees are licensed and supervised by the Hong Kong Monetary Authority under the Payment Systems and Stored Value Facilities Ordinance (Cap. 584).

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    Rules applied
    Float and SVF deposits, Cap. 584 Schedule 3 and HKMA Guideline chapter 6.
    Reports prepared
    SVF return review pack, filed with the HKMA template you upload.
    Checked
    Every business day, for each licensee, in Hong Kong dollars.

    What the HKMA expects.

    The float segregated and protected at all times, with enough always available to redeem every stored value balance.

    Float management and protection

    Licensed stored value facility issuers. Supervised by Hong Kong Monetary Authority.

    Cap. 584 Schedule 3 Part 2 s.7; HKMA Guideline on Supervision of SVF Licensees, chapter 6
    RequirementWhat the rule saysReference
    What must be protectedThe float and SVF deposits, equal to all outstanding stored value, including money in transit from direct debit and card top-ups.Sch. 3 Pt 2 s.7; Guideline 6.3.1
    WhenAt all times, from receipt, with no window.Guideline 6.3.3-6.3.5
    HowA trust arrangement over segregated accounts with licensed banks. A bank guarantee or insurance may supplement it.Guideline 6.3.1
    InvestmentAnything other than cash or bank deposits needs the HKMA's prior written consent.Guideline 6.4.1-6.4.3
    Reconciliation differencesMaterial unresolved differences are reported to the HKMA immediately.Guideline 6.6.1

    How Safeheld applies it. Investments without recorded HKMA consent are not counted. A guarantee or insurance counts once a second person confirms it qualifies.

    Returns and reports.

    What is filed, when and where, and exactly what Safeheld produces for it.

    SVF return, floatHong Kong Monetary Authority
    How often
    As the HKMA sets for each licensee
    Due
    Set by the HKMA
    Filed through
    HKMA electronic return submission
    Review pack

    Float outstanding, how it is protected and where it is held, the highest float in the period and any investment, covering every chapter 6 requirement. The HKMA template and the filed copy are kept with the filing.

    The HKMA issues its return templates privately to each licensee. Upload yours to Safeheld, transcribe the figures and keep the filed copy with the evidence. Every report is reviewed and approved by your team before it is filed.

    Every day

    What Safeheld runs for Hong Kong.

    Reconcile. Every float account matched to outstanding stored value each business day, in Hong Kong dollars and every other currency held.
    Investigate. Differences worked to their cause, with material unresolved ones flagged for immediate report to the HKMA.
    Forecast. Redemption and funding needs for the next 24 hours, 7 and 30 days.
    Act. Top-ups proposed and approved within limits, recorded once paid.
    Report. The SVF return review pack, with the HKMA template and filed copy kept beside it.
    Nexus Payments HK LtdHKD, 30 Sep 2026, close of businessMeets
    Owed to customersHK$28,940,000.00
    Counted under the rulesHK$29,102,600.00
    ExcessHK$162,600.00
    Protection
    Trust accounts, licensed banksGuideline 6.3.1Meets
    Bank guaranteeGuideline 6.3.1Meets
    The float is measured in full every day, with no window.

    Questions.

    Does money in transit count as float?

    Yes. Money in transit from direct debit and card top-ups is part of the float and must be protected.

    Can we invest the float?

    Only in cash or bank deposits without consent. Anything else needs the HKMA's prior written consent, and Safeheld counts it only once that consent is recorded.

    Why is the return a review pack?

    The HKMA issues its templates privately to each licensee, so they cannot be reproduced. Safeheld prepares every figure the public guideline requires and keeps your template and filed copy with the filing.

    Do you cover licensed stablecoin issuers?

    Safeheld's Hong Kong rule set covers the stored value float. Stablecoin reserve rules under the Stablecoins Ordinance are a separate regime.

    Customer money in Hong Kong, accounted for every day.

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