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Financial Dispute Resolution Centre

Description

The Financial Dispute Resolution Centre ("FDRC") was set up in November 2011 as a non-profit making company limited by guarantee. It is an independent and impartial organisation administering the Financial Dispute Resolution Scheme ("FDRS") which requires financial institutions, members of the FDRS, to resolve monetary disputes with their customers through mediation and/or arbitration.

Our Mission
To provide independent and impartial mediation and arbitration services, primarily through a “Mediation First, Arbitration Next” approach, to facilitate the resolution of monetary disputes between financial institutions and their customers in Hong Kong.

Our Vision
To be the leading provider of financial dispute resolution services for disputes between financial institutions and their customers so that such disputes can be resolved by a constructive approach without further escalation and to reinforce Hong Kong’s role as an international financial centre by expanding our service scope and engaging stakeholders of the financial industry.

Official Government Information

Chinese Name
金融糾紛調解中心
Effective date
February 28, 2012
Org. Structure
Company limited by guarantee under the Companies Ordinance

Contact Information

Address
Room 408-409, 4/F, West Wing, Justice Place, 11 Ice House Street, Central, Hong Kong

Additional Information

Target Beneficiaries
Other
Sustainable Development Goals
SDG10: Reduced Inequality

Directors

Financial & Legal Information

Working Capital Ratio
1.94
Donation Received
$0
Subvention Funding from SWD
$0
Total Income
$459,804
Total Expenditure
$9,974,339
Surplus/Deficit
-$9,514,535
Latest Audit: Financial Year End Date
December 31, 2020
Balance Carried Forward to Next Year
$20,858,187
Total Assets
$21,833,011
Total Liabilities
$974,824
Director Remuneration
$1,897,534
Liabilities to Assets Ratio
4.46%

Transparency

Audit on website?
No
Annual report on website?
Yes
Directors disclosed on website?
Yes

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Last Updated By

Jon Pedersen

Member since 4 years ago
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