Creation Link Guide - South Africa

01.11.2017

Key features

Yes/NoRemarks
Settlement free of paymentYes 
Settlement against paymentYesEligible settlement currency: South African Rand (ZAR).
Bridge settlementYesDebt securities only (government and corporate bonds).
Shaping facilityNo 
Partial settlementNo 
Settlement penalty feesYesRefer to the CLG.
Pre-matchingYes 
Back-to-back processingYesFor dematerialised securities.
AllegementsNo 
Automatic compensationNoRefer to Entitlement Compensation Rules for South Africa.
Registered securitiesNo 
Multi Market SecuritiesYesRefer to the Multi-Market Securities Guide.
Lending and borrowingYesDebt securities only.
Proxy votingYes 
Investment FundsNo 
Liquidity Hub ConnectNo 
Sale and purchase of rightsNo 
Repo servicesYesCBL Internal.
Market restrictionsYesRefer to Investment Regulation.
FTTNo 
FATCA GIINYesJXJVJM.00000.LE.710
Type of linkCSD or settlement method
Indirect via Standard Chartered Bank - Johannesburg BranchSTRATE Ltd for equities, warrants and bonds