Instruction specifications - CreationOnline - 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	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Delivering Agent	BIC ^b,c
	Party	counterparty’s BIC ^b,c
M	Seller	BIC^b
	Party	ordering party’s BIC^b
M	Account	ordering party’s account
	Receive Against Payment
M	Trade Date
O	Deal Price
C	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Delivering Agent	BIC ^b,c
	Party	counterparty’s BIC b,^c
M	Seller	BIC^b,c
	Party	ordering party’s BIC^b
M	Account	ordering party’s account
	Deliver Free
M	Trade Date
O	Deal Price
C	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Receiving Agent	BIC ^b,c
	Party	counterparty’s BIC ^b,c
M	Buyer	BIC ^b
	Party	beneficiary’s BIC^b
M	Account	beneficiary’s account
	Deliver Against Payment
M	Trade Date
O	Deal Price
C	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Receiving Agent	BIC ^b,c
	Party	counterparty’s BIC^b,c
M	Buyer	BIC ^b
	Party	beneficiary’s BIC ^b
M	Account	beneficiary’s account

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a. For Real-Time Gross Settlement (RTGS) instructions for CCASS instruments only, this field must contain OSP to indicate that the instruction is to be processed in the mandatory and/or optional settlement processings (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	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Delivering Agent	BIC ^b,c
	Party	counterparty’s BIC ^b,c
M	Seller	BIC ^b
	Party	ordering party’s BIC ^b
M	Account	ordering party’s account
M	Other Settlement Parties	Type: Deliverer’s Custodian Format: BIC Party: delivering global custodian’s BIC Account: global custodian’s account with the Delivering Agent
	Receive Against Payment
M	Trade Date
O	Deal Price
C	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Delivering Agent	BIC ^b,c
	Party	counterparty’s BIC ^b,c
M	Seller	BIC ^b
	Party	ordering party’s BIC ^b
M	Account	ordering party’s account
M	Other Settlement Parties	Type: Deliverer’s Custodian Format: BIC Party: delivering global custodian’s BIC Account: global custodian’s account with the Delivering Agent
	Deliver Free
M	Trade Date
O	Deal Price
C	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Receiving Agent	BIC ^b,c
	Party	counterparty’s BIC ^b,c
M	Buyer	BIC^b
	Party	beneficiary’s BIC ^b
M	Account	beneficiary’s account
M	Other Settlement Parties	Type: Receiver's Custodian Format: BIC Party: receiving global custodian’s BIC Account: global custodian’s account with the Receiving Agent
	Deliver Against Payment
M	Trade Date
O	Deal Price
C	Processing Indicator	^a
M	Place of Settlement	BIC
	Party	XHKCHKH1XXX - Hong Kong CCASS
M	Receiving Agent	BIC ^b,c
	Party	counterparty’s BIC ^b,c
M	Buyer	BIC ^b
	Party	beneficiary’s BIC ^b
M	Account	beneficiary’s account
M	Other Settlement Parties	Type: Receiver's Custodian Format: BIC Party: receiving global custodian’s BIC Account: global custodian’s account with the Receiving Agent

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

	Receive Free
M	Trade Date
O	Deal Price
M	Physical Transaction	'Yes'
M	Place of Settlement	a
	Party	HK - Hong Kong Physical
M	Delivering Agent	900021
	Party	counterparty’s name
O	Seller	Name and Address
	Party	ordering party’s name
O	Account	ordering party’s account
C	Additional Indicators	Type: Beneficial Ownership Indicator Code: No change of beneficial owner (if applicable)
	Receive against payment
M	Trade Date
O	Deal Price
M	Physical Transaction	"Yes"
M	Place of Settlement	a
	Party	HK - Hong Kong Physical
M	Delivering Agent	900021
	Party	counterparty’s name
O	Seller	Name and Address
	Party	ordering party’s name
O	Account	ordering party’s account
C	Additional Indicators	Type: Beneficial Ownership Indicator Code: No change of beneficial owner (if applicable)

	Deliver Free
M	Trade Date
O	Deal Price
M	Physical Transaction	'Yes'
M	Place of Settlement	a
	Party	HK - Hong Kong Physical
M	Receiving Agent	900023
	Party	counterparty’s name
O	Buyer	Name and Address
	Party	beneficiary’s name
O	Account	beneficiary’s account
C	Additional Indicators	Type: Beneficial Ownership Indicator Code: No change of beneficial owner (if applicable)

	Deliver against payment
M	Trade Date
O	Deal Price
M	Physical Transaction	'Yes'
M	Place of Settlement	a
	Party	HK - Hong Kong Physical
M	Receiving Agent	900023
	Party	counterparty’s name
O	Buyer	Name and Address
	Party	beneficiary’s name
O	Account	beneficiary’s account
C	Additional Indicators	Type: Beneficial Ownership Indicator Code: No change of beneficial owner (if applicable)

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

CMU instruments and Exchange Fund Paper

Receive Free
M	Trade Date
O	Deal Price
M	Place of Settlement	BIC
	Party	HKMAHKHCXXX - Hong Kong CMU
M	Delivering Agent	BIC ^a,b
	Party	counterparty’s BIC ^a,b
M	Account	counterparty’s CMU account
C^c	Seller	BIC ^a
	Party	ordering party’s BIC ^a
C^c	Account	ordering party’s account
C	Settlement Processing Narrative	Must contain "NEW ISSUE DISTRIBUTION" on receipts of new issue allotments
	Receive Against Payment
M	Trade Date
O	Deal Price
M	Place of Settlement	BIC
	Party	HKMAHKHCXXX - Hong Kong CMU
M	Delivering Agent	BIC ^a,b
	Party	counterparty’s BIC ^a,b
M	Account	counterparty’s CMU account
C^c	Seller	BIC ^a
	Party	ordering party’s BIC ^a
C^c	Account	ordering party’s account
C	Settlement Processing Narrative	Must contain "NEW ISSUE DISTRIBUTION" on receipts of new issue allotments
	Deliver Free
M	Trade Date
O	Deal Price
M	Place of Settlement	BIC
	Party	HKMAHKHCXXX - Hong Kong CMU
M	Receiving Agent	BIC ^a,b
	Party	counterparty’s BIC ^a,b
M	Account	counterparty’s CMU account
C^c	Buyer	BIC^a
	Party	beneficiary’s BIC^a
C^d	Account	beneficiary’s account
	Deliver Against Payment
M	Trade Date
O	Deal Price
M	Place of Settlement	BIC
	Party	HKMAHKHCXXX - Hong Kong CMU
M	Receiving Agent	BIC^a,b
	Party	counterparty’s BIC^a,b
M	Account	counterparty’s CMU account
C^c	Buyer	BIC ^a
	Party	beneficiary’s BIC^a
C^c	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.

Further Hong Kong MLG information

Related Hong Kong information

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