Creation Link Guide - U.S.A.


Key features

Settlement free of paymentYes  
Settlement against paymentYesEligible settlement currency: U.S. Dollars (USD).
Bridge settlementYesSee "Settlement restrictions applying to US customers" in "specific settlement rules/settlement restrictions" under Settlement services.
Shaping facilityNo 
Partial settlementNo 
Settlement penalty feesYes 
Back-to-back processingYes 
Automatic compensationYesFor against payment transactions only.
Registered securitiesYes 
Multi Market SecuritiesYes 
Lending and borrowingYesDebt securities only.
Proxy votingYes 
Investment FundsYesCertain open-end mutual funds, and DTC-eligible closed-end mutual funds
Liquidity Hub ConnectNo 
Sale and purchase of rightsYes 
Repo servicesNo 
Market restrictionsYesSee under Bridge settlement.
FATCA GIINNoNo GIIN required for US entity.
MiscellaneousYesSafekeeping of US restricted securities - Securities Payment Order (SPOs).
Type of linkCSD or settlement method
Indirect link Citibank N.A., New York (hereinafter referred to as Citibank)DTC and Fedwire Securities Services