Alternate Country-Security-Method Combinations for Cash
Use of CASH Security Type
Only use the CASH security type when
- the CASH instructions are different from the F/X instructions and
- to settle clean cash payments, such as fee payments, as outlined in the next table.
Use of CASH Security Type
| Country | Security | Method | Note |
|---|---|---|---|
| Country Code | F/X | CASH | For use only with F/X or cash-related items that share the same instructions. |
| Country Code | CSH | CASH |
For use with clean cash payments and when the CASH instructions are different from the F/X instructions. Note: Use this combination to support precious metals transaction settlements. |
| US | F/X | FEDWIRE | For use only with F/X or cash-related items that share the same instruction. Settlement is via FEDWIRE. |
| US | CSH | CASH | For use when the CASH instructions differ from the F/X instructions. |
| US | TBA | CASH |
For use with TBA Pair Offs if the instruction differs from the US-F/X-Cash instruction. This combination only applies if the instruction is different from the F/X instructions Note: DO NOT use the FEDWIRE method. |
Country-Specific Requirements for F/X & Cash
The only exceptions to this rule relate to specific countries, as outlined in the tables that follow.
| Country | CSM Combination | Settlement Currency Code |
|---|---|---|
| Australia (AUD payments via RTGS) | AU-F/X-CASH | AUD |
| Australia (AUD payments via Austraclear) | AU-CSH-CASH | AUD |
| Brazil (for Non Taxable) | BR-FX-CASH | BRL |
| Brazil (for Taxable) | BR-FX1-CASH | BRL |
| India (for FPI/FII) | IN-FX-CASH | INR |
| India (for FDI) | IN-FX1-CASH | INR |
| Thailand NRBA | TH-FX-CASH | THB |
| Thailand NRBS | TH-FX1-CASH | THB |
| Vietnam | VN-F/X-CASH | VND |
| Vietnam | VN-CSH-CASH | USD |
Specific Country-Security-Method options for China and Hong Kong Cash
| Country | CSM Combination | Settlement Currency Code |
|---|---|---|
| China (for CNY payments of A shares - Shanghai / Shen zhen) | CN-F/X-CASH | CNY |
| China (for HKD payments for B shares in HKD - Shenzhen) | CN-FX1-CASH | HKD |
| China (for USD payments of B shares in USD - Shanghai) | CN-FX2-CASH | USD |
| Hong Kong (for HKD payments - primary SSI for HKD) | HK-F/X-CASH | HKD |
|
Hong Kong (for CNH - synthetic currency derived) Hong Kong (for CNH - synthetic currency derived from CNY) |
HK-FX1-CASH | CNY |
| Hong Kong (for HK Stock Connect USD) | HK-FX2-CASH | USD |
| Hong Kong (for HK Bond Connect CNY) | HK-FX3-CASH | CNY |
Specific Country-Security-Method options for India Cash
| Country | CSM Combination |
|---|---|
| India (for clean cash payments on GDRs) | IN-GDR-CASH |
| India (for clean cash payments on GDRs) | IN-FX2-CASH |
| India (for clean cash payments on Foreign Currency Convertible Bonds) | IN-CON-CASH |
| India (for clean cash payments on Foreign Currency Convertible Bonds) | IN-FX3-CASH |
| India (for clean cash payments on derivative products) | IN-Derivative Security-CASH |
| India (for clean cash payments on derivative products) | IN-FX4-CASH |