Settlement Methods: Hong Kong (HK)

The next table outlines the validation methods for this market.

Method EQU EQA Corp FI CBA Govt FI TRA MM MMA Unsp You Must
Populate		 Notes

CCASS

(Country=CN)

 X                
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

This combination supports HONG KONG Stock Connect for Northbound CNY Securities for standard CCASS (non-SPSA) accounts.

 

The label for A/C# @ Depository (ID1) is CCASS#, and allows for 6 or 8 characters.

CCASS

(Country=CN)

   X              
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

This combination supports HONG KONG Stock Connect for Northbound CNY Securities and Special Segregated Accounts (SPSA).

 

  • The label for A/C# @ Depository (ID1) is CCASS#, and allows for 6 or 8 characters.
  • The label for ID2 is SPSA#.
  • The label for ID3 is Investor ID.

CCASS

(Country=HK)

 X                
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

This combination equities trading on the Hong Kong Exchange (HKEx).

.

The label for A/C# @ Depository (ID1) is CCASS#, and allows for 6 or 8 characters.

CMU

 

   X   X  

X

  

X
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))
  • A/C# @ Depository (ID 1) (broker/dealers).
  • Local Agent BIC

This combination supports Chinese Dim Sum Bonds - Offshore Currency Settlement (CNH).

 

For settlement in CNY, use one of the CN-CMU-COB/TRY/MMT combinations.

SHCH     X   X   X    
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

This combination supports Investor trading China Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Hong Kong) where the Securities settle at SHCH (settling in CNH).
SHCH       X   X   X  
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))
 This combination uses alternative security types. It supports on-shore settlement, where Investor trading Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Hong Kong) and the Securities settle at SHCH (settling in CNY).
SHANGHAI X                
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

This combination supports Hong Kong Stock Connect for Southbound HKD Securities and Private Fund Management (PFM) license - HK.
SHENZHEN X                
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

This combination supports Hong Kong Stock Connect for Southbound HKD Securities and Private Fund Management (PFM) license - HK.
CCDCCB     X   X        

 

This combination supports Investor trading China Interbank Bond Market (CIBM) BOND CONNECT ACCESS (sub custodian based in Hong Kong) where the Securities settle at CCDC (settling in CNH).
CCDCCB       X   X         This combination uses alternative security types and supports n-shore settlement, where Investor trading Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Hong Kong) and the Securities settle at CCDC (settling in CNY).

Key to securities columns:

  • EQU=Equities
  • EQA -Equities (alternative)
  • Corp FI=Corporate Fixed Income
  • CBA = Corporate Bonds (alternate)
  • Govt FI=Government Fixed Income
  • TRA = Treasury (alternative)
  • MM=Money Market
  • MMA = Money Market (alternative)
  • Unsp = Unspecified