Instruction specifications - Xact Web Portal - China Connect securities

20.11.2017

In the following tables, M=Mandatory; O=Optional; C=Conditional.

Stock Connect China A-shares - Buyer/Seller is direct client of Delivering/Receiving Agent

Receive Free

M

Trade date

 

O

Deal price

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC a

Party 2 Identifier

ordering party’s BIC a

M

Party 2 Safekeeping account

ordering party’s account

M

Settlement instruction processing additional details 

/SAFE/Beneficiary's account at CBL's depository c

Receive Against Payment

M

Trade date

O

Deal price

C

Securities RTGS d

 

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC a

Party 2 Identifier

ordering party’s BIC a

M

Party 2 Safekeeping account

ordering party’s account

M

Settlement instruction processing additional details 

/SAFE/Beneficiary's account at CBL's depository c

Deliver Free

M

Trade date

 

O

Deal price

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC a

Party 2 Identifier

beneficiary’s BIC a

M

Party 2 Safekeeping account

beneficiary’s account

M

Settlement instruction processing additional details 

/SAFE/Ordering party's account at CBL's depository c

Deliver Against Payment

M

Trade date

 

O

Deal price

C

Securities RTGS d

 

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC a

Party 2 Identifier

beneficiary’s BIC a

M

Party 2 Safekeeping account

beneficiary’s account

M

Settlement instruction processing additional details 

/SAFE/Ordering party's account at CBL's depository c

------------------------------------------
a. If no BIC exists or none is available, the :95Q: Name and Address field must be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.

b. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the :95Q: Name and Address field must be used instead in each case. The format should be :95Q::DEAG//Broker Code or CCASS ID.

c. The account format is a 10-digit account number.

d. For Real-Time Gross Settlement (RTGS) instructions for Stock Connect instruments only, this field must contain YRTG to indicate that the instruction is to be processed in RDP settlement (see “RTGS instructions for Stock Connect instruments” under Settlement services).

Stock Connect China A-shares - Buyer/Seller is indirect client of Delivering/Receiving Agent

Receive Free

M

Trade date

 

O

Deal price

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC

 

Party 2 Identifier

Delivering global custodian’s BIC

M

Party 2 Safekeeping account

Global custodian’s account with the Delivering Agent

M

Party 3 Format

BIC a

Party 3 Identifier

ordering party’s BIC a

M

Party 3 Safekeeping account

ordering party’s account

M

Settlement instruction processing additional details 

/SAFE/Beneficiary's account at CBL's depository c

Receive Against Payment

M

Trade date

 

O

Deal price

C

Securities RTGS d

 

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC

 

Party 2 Identifier

Delivering global custodian’s BIC

M

Party 2 Safekeeping account

Global custodian’s account with the Delivering Agent

M

Party 3 Format

BIC a

Party 3 Identifier

ordering party’s BIC a

M

Party 3 Safekeeping account

ordering party’s account

M

Settlement instruction processing additional details 

/SAFE/Beneficiary's account at CBL's depository c

Deliver Free

M

Trade date

 

O

Deal price

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC

 

Party 2 Identifier

Receiving global custodian’s BIC

 

Party 2 Safekeeping account

Global custodian’s account with the Receiving Agent

M

Party 3 Format

BIC a

Party 3 Identifier

beneficiary’s BIC a

M

Party 3 Safekeeping account

beneficiary’s account

M

Settlement instruction processing additional details 

/SAFE/Ordering party's account at CBL's depository c

Deliver Against Payment

M

Trade date

 

O

Deal price

C

Securities RTGS d

 

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 2 Format

BIC

Party 2 Identifier

Receiving global custodian’s BIC

M

Party 2 Safekeeping account

Global custodian’s account with the Receiving Agent

M

Party 3 Format

BIC a

Party 3 Identifier

beneficiary’s BIC a

M

Party 3 Safekeeping account

beneficiary’s account

M

Settlement instruction processing additional details 

/SAFE/Ordering party's account at CBL's depository ca

 ------------------------------------------
a. If no BIC exists or none is available, the :95Q: Name and Address field must be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.

b. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the :95Q: Name and Address field must be used instead in each case. The format should be :95Q::DEAG//Broker Code or CCASS ID.

c. The account format is a 10-digit account number.

d. For Real-Time Gross Settlement (RTGS) instructions for Stock Connect instruments only, this field must contain YRTG to indicate that the instruction is to be processed in RDP settlement (see “RTGS instructions for Stock Connect instruments” under Settlement services).

Bond Connect

Receive Against Payment

M

Trade date

 

O

Deal price

M

Securities RTGS

 Yes

M

Safekeeping place

 //NCSD/HKMAHKHC

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

NDCCCNB1 (for CCDC) or CHFMCNSH (for SHCH)

M

Party 1 Format

BIC

Party 1 Identifier

//HKMA/Counterparty account number in Mainland CSDs

M

Settlement instruction processing additional details

/SAFE/Beneficiary's account at CBL's depository a
CBT b

Deliver Against Payment

M

Trade date

O

Deal price

M

Securities RTGS

 Yes

M

Safekeeping place

 //NCSD/HKMAHKHC

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

NDCCCNB1 (for CCDC) or CHFMCNSH (for SHCH)

M

Party 1 Format

BIC

Party 1 Identifier

//HKMA/Counterparty account number in Mainland CSDs

M

Settlement instruction processing additional details

/SAFE/Ordering party's account at CBL's depository a
CBT b

------------------------------------------
a. The account format is a 10-digit account number to be indicated on the first line.
b. CFETS Trade reference number with the prefix “CBT” to be indicated on the second line. For example, CBT12345678910.