Asset servicing - China - B-Shares


Income collection

Service offeredRemarks
Notification to customers

Standard Asset Servicing reporting via SWIFT MT56x, Xact Web Portal and Xact File Transfer.

See Section 8 “Asset servicing” of the Customer Handbook.  

See Connectivity manuals on the Clearstream website.

Payment of proceeds

Dividend proceeds are calculated based on the positions recorded at the close of business on the record date and paid to the customer's account upon successful receipt and reconciliation of funds.

In Shanghai market, there is no fixed period between record date and payment date. The date is announced by the company separately.

In Shenzhen market, payment date is normally one business day after the Record Date.

Proceeds will be paid with the value with which they are received.

Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value.

The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR.

For further details on entries qualified as ACL, please refer to the section “5.6 Financing: availability of funds” of the Customer Handbook.

Corporate actions

Service offeredRemarks
Notification to customers

Clearstream Banking advises customers of their entitlement to participate in Chinese corporate actions (including, but not limited to, rights issues, stock split and tender offers) subject to their availability to foreign investors.

No specific deviations from standard reporting provided by CBL apply to the Chinese market.

Instruction to CBL

Customers may instruct CBL to carry out options foreseen in the terms and conditions of the underlying type of security. These options include, but are not limited to, put options, conversions, exercises of warrants, exchanges, detachment of warrants etc.

In addition, CBL informs customers, on an “as and if received” basis, of unscheduled securities events occurring on account holdings, such as rights offers, reinvestment options, exchange offers, purchase offers, mergers etc.

Proxy Voting procedures

Proxy Voting Services are available in CBL for this market. For details; please refer to the CBL Customer Handbook.

Entitlement compensation rules

Please refer to the Securities administration section of the Market Profile - China.