Instruction specifications - Xact Web Portal - Hong Kong

02.07.2018

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

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent

Receive Free

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

BIC b

Party 2 Identifier

ordering party’s BIC b

M

Party 2 Safekeeping account

ordering party’s account

Receive Against Payment

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

BIC b,c

Party 2 Identifier

ordering party’s BIC b

M

Party 2 Safekeeping account

ordering party’s account

Deliver Free

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

BIC b

Party 2 Identifier

beneficiary’s BIC b

M

Party 2 Safekeeping account

beneficiary’s account

Deliver Against Payment

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

BIC b

Party 2 Identifier

beneficiary’s BIC b

M

Party 2 Safekeeping account

beneficiary’s account

------------------------------------------
a. For Real-Time Gross Settlement (RTGS) instructions for CCASS instruments only, to indicate that the instruction is to be processed in the mandatory and/or optional settlement processing (see “RTGS instructions for CCASS instruments” under Settlement services).
b. If no BIC exists or none is available, the 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.
c. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the Broker Code/CCASS ID must be included in the Name and Address field.

CCASS-eligible equities and warrants - Buyer/Seller is indirect client (custodian bank) of Delivering/Receiving Agent

Receive Free

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

Party 2 Identifier

Party 2 Safekeeping account

BIC
delivering global custodian’s BIC
global custodian’s account with the Delivering Agent

M

Party 3 Format

BIC b

Party 3 Identifier

ordering party’s BIC b

M

Party 3 Safekeeping account

ordering party’s account

Receive Against Payment

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

Party 2 Identifier

Party 2 Safekeeping account

BIC
delivering global custodian’s BIC
global custodian’s account with the Delivering Agent

M

Party 3 Format

BIC b

Party 3 Identifier

ordering party’s BIC b

M

Party 3 Safekeeping account

ordering party’s account

Deliver Free

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

Party 2 Identifier

Party 2 Safekeeping account

BIC
receiving global custodian’s BIC
global custodian’s account with the Receiving Agent

M

Party 3 Format

BIC b

Party 3 Identifier

beneficiary’s BIC b

M

Party 3 Safekeeping account

beneficiary’s account

Deliver Against Payment

M

Trade date

O

Deal price

C

Securities RTGS a

 

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

XHKCHKH1XXX

M

Party 1 Format

BIC b,c

Party 1 Identifier

counterparty’s BIC b,c

M

Party 2 Format

Party 2 Identifier

Party 2 Safekeeping account

BIC
receiving global custodian’s BIC
global custodian’s account with the Receiving Agent

M

Party 3 Format

BIC b

Party 3 Identifier

beneficiary’s BIC b

M

Party 3 Safekeeping account

beneficiary’s account

------------------------------------------
a. For Real-Time Gross Settlement (RTGS) instructions for CCASS instruments only, to indicate that the instruction is to be processed in the mandatory and/or optional settlement processing (see “RTGS instructions for CCASS instruments” under Settlement services).
b. If no BIC exists or none is available,  the 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.
c. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the Broker Code/CCASS ID must be included in the Name and Address field.

Physical CCASS- and Non–CCASS-eligible equities and warrants

Receive Free

M

Trade date

O

Deal price

M

Sett. transaction cond.

PHYS – Physical

 

Delivering settlement parties

 

M

Depository Format

a

Depository Identifier

HK - Hong Kong Physical

M

Party 1 Format

900021

Party 1 Identifier

counterparty’s name

O

Party 2 Format

Name

Party 2 Identifier

ordering party’s name

O

Party 2 Safekeeping account

ordering party’s account

C

Beneficial ownership

unticked

Receive against payment

M

Trade date

O

Deal price

M

Sett. transaction cond.

PHYS – Physical

 

Delivering settlement parties

 

M

Depository Format

a

Depository Identifier

HK - Hong Kong Physical

M

Party 1 Format

900021

Party 1 Identifier

counterparty’s name

O

Party 2 Format

Name

Party 2 Identifier

ordering party’s name

O

Party 2 Safekeeping account

ordering party’s account

C

Beneficial ownership

unticked

Deliver Free

M

Trade date

O

Deal price

M

Sett. transaction cond.

PHYS – Physical

 

Receiving settlement parties

 

M

Depository Format

a

Depository Identifier

HK - Hong Kong Physical

M

Party 1 Format

900023

Party 1 Identifier

counterparty’s name

O

Party 2 Format

Name

Party 2 Identifier

beneficiary’s name

O

Party 2 Safekeeping account

beneficiary’s account

C

Beneficial ownership

unticked

Deliver against payment

M

Trade date

O

Deal price

M

Sett. transaction cond.

PHYS – Physical

 

Receiving settlement parties

 

M

Depository Format

a

Depository Identifier

HK - Hong Kong Physical

M

Party 1 Format

900023

Party 1 Identifier

counterparty’s name

O

Party 2 Format

Name

Party 2 Identifier

beneficiary’s name

O

Party 2 Safekeeping account

beneficiary’s account

C

Beneficial ownership

unticked

a. For equities, PSET should be XHKCHKH1. For CMU instruments, PSET should be HKMAHKHC.

CMU instruments and Exchange Fund Paper

Receive Free

C

Settlement instruction processing
additional details

Must contain "NEW ISSUE DISTRIBUTION" on
receipts of new issue allotments

M

Trade date

 

O

Deal price

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

HKMAHKHCXXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 1 Safekeeping account

counterparty’s CMU account

Cc

Party 2 Format

BIC a

Party 2 Identifier

ordering party’s BIC a

Cc

Party 2 Safekeeping account

ordering party’s account

Receive Against Payment

C

Settlement instruction processing additional details

Must contain "NEW ISSUE DISTRIBUTION" on
receipts of new issue allotments

M

Trade date

 

O

Deal price

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

HKMAHKHCXXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 1 Safekeeping account

counterparty’s CMU account

Cc

Party 2 Format

BIC a

Party 2 Identifier

ordering party’s BIC a

Cc

Party 2 Safekeeping account

ordering party’s account

Deliver Free

M

Trade date

O

Deal price

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

HKMAHKHCXXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 1 Safekeeping account

counterparty’s CMU account

Cc

Party 2 Format

BIC a

Party 2 Identifier

beneficiary’s BICa

Cc

Party 2 Safekeeping account

beneficiary’s account

Deliver Against Payment

M

Trade date

O

Deal price

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

HKMAHKHCXXX

M

Party 1 Format

BIC a,b

Party 1 Identifier

counterparty’s BIC a,b

M

Party 1 Safekeeping account

counterparty’s CMU account

Cc

Party 2 Format

BIC a

Party 2 Identifier

beneficiary’s BICa

Cc

Party 2 Safekeeping account

beneficiary’s account


------------------------------------------
a. If no BIC exists or none is available,  the 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/CMU ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the Broker Code/CMU ID must be included in the Name and Address field.
c.This field becomes mandatory when Clearstream Banking's depository (Citibank Hong Kong) is also the counterparty.