Settlement Methods: China (CN)

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

These combinations support B shares settling in USD.

  • The label for A/C# @ Depository (ID 1) is SSRC#.
  • The label for ID 3 is Investor ID.
SHANGHAI   X   X   X     X A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees)) 

These combinations support A shares settling in CNY.

  • The label for A/C# @ Depository (ID 1) is SSRC#.
  • The label for ID 3 is Investor ID.
SHCH X   X   X   X   X A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees)) 

These combinations support Investor trading China Interbank Bond Market (CIBM) DIRECT ACCESS (sub custodian based in mainland china) where the Securities settle at SHCH (settling in CNY), for example, Corp Securities / on-shore.

  • The label for A/C# @ Depository (ID 1) is SSRC#.
  • The label for ID 3 is Investor ID.

Note: For off-shore settlement, where Investor trading China Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Hong Kong) and the Securities settle at SHCH (settling in CNH), use one of the HK-SHCH-COB/TRY/MMT combinations.
SHCH   X   X   X   X X A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees)) 

These combinations use alternate security types and support Investor trading China Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in New) where the Securities settle at SHCH (settling in CNY), for example, Corp Securities / on-shore.

  • The label for A/C# @ Depository (ID 1) is SSRC#.
  • The label for ID 3 is Investor ID.

Note: For off-shore settlement, where Investor trading China Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Hong Kong) and the Securities settle at SHCH (settling in CNH), use one of the HK-SHCH-COB/TRY/MMT combinations.
SHENZHEN X   X   X       X A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

The combinations support B Shares settling in HKD.

  • The label for A/C# @ Depository (ID 1) is SSRC#.
  • The label for ID 3 is Investor ID.
SHENZHEN   X   X   X       A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))

These combinations support A Shares settling in CNY.

    The label for A/C# @ Depository (ID 1) is SSRC#.

    The label for ID 3 is Investor ID.
CCDCCB     X   X         PSET BIC

These combinations support Investor trading China Interbank Bond Market (CIBM) DIRECT ACCESS (sub custodian based Mainland China), where the Securities settle at CCDCCB (settling in CNY).

Notes: For off-shore settlement, where Investor trading China Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Hong Kong), where the Securities settle at CCDCCB (settling in CNH), use an HK-CCDCCB-COB/TRY combination.
CCDCCB       X   X       PSET BIC

These combinations use alternative security types and support on-shore settlement, where Investor trading Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Mainland China) and the Securities settle at CCDCCB (settling in CNY),

Notes: For off-shore settlement, where Investor trading China Interbank Bond Market (CIBM) BOND CONNECT ACCESS route (sub custodian based in Hong Kong), where the Securities settle at CCDCBC (settling in CNH), use an HK-CCDCCB-COB/TRY combination.
CMU   X X            
  • CMU#
  • PSET BIC

These combinations support Chinese Dim Sum Bonds - On Shore Currency settling in CNY.

Note: For off-shore settlement, Chinese Dim Sum Bonds - Offshore Currency Settling in (CNH), use an HK-CMU-COB/TRY/MMT combinations.
CMU       X   X      
  • CMU#
  • PSET BIC
 These combinations support China A and use alternative security types.
CCASS X                   This combination supports HONG KONG Stock Connect for Northbound CNY Securities for standard CCASS (non-SPSA) accounts.
CCASS   X                 This combination uses an alternative security type and supports HONG KONG Stock Connect for CNY Securities and Special Segregated Accounts (SPSA) accounts.
CSDCCB X                
  • PSET BIC
  • A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees))
  

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
  • MMT = Money Market (alternate)
  • Unsp = Unspecified