Creation Link Guide - South Korea

15.01.2015

Key features

Yes/NoRemarks
Settlement free of paymentYes 
Settlement against paymentYesEligible settlement currency: KRW (Korean Won).
Bridge settlementNo 
Shaping facilityNo 
Partial settlementNo 
Settlement penalty feesYesRefer to the Market Profile.
Pre-matchingYes 
Back-to-back processingNo 
AllegementsYes 
Automatic compensationNoRefer to Entitlement Compensation Rules.
Registered securitiesNo 
Multi Market SecuritiesNo 
Lending and borrowingNo 
Proxy votingYes 
Investment FundsNo 
Liquidity Hub ConnectNo 
Sale and purchase of rightsNo 
Repo servicesNo 
Market restrictionsYesRefer to Investment Regulation.
FTTNo 
FATCA GIINYes4RI52Y.00000.BR.410 
Type of linkCSD or settlement method
Indirect via HSBC Seoul.The Korea Securities Depository (KSD).

Note: South Korean securities can only be transferred domestically; Internal and Bridge transactions are not allowed.