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
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MDelivering AgentBIC b,c
Partycounterparty’s BIC b,c
MSellerBIC b
Partyordering party’s BIC b
MAccountordering party’s account


Receive Against Payment
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MDelivering AgentBIC b,c
Partycounterparty’s BIC b,c
MSellerBIC b,c
Partyordering party’s BIC b
MAccountordering party’s account


Deliver Free
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MReceiving AgentBIC b,c
Partycounterparty’s BIC b,c
MBuyerBIC b
Partybeneficiary’s BIC b
MAccountbeneficiary’s account


Deliver Against Payment
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MReceiving AgentBIC b,c
Partycounterparty’s BIC b,c
MBuyerBIC b
Partybeneficiary’s BIC b
MAccountbeneficiary’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
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MDelivering AgentBIC b,c
Partycounterparty’s BIC b,c
MSellerBIC b
Partyordering party’s BIC b
MAccountordering party’s account
MOther Settlement PartiesType: Deliverer’s Custodian
Format: BIC
Party: delivering global custodian’s BIC
Account: global custodian’s account with the Delivering Agent

Receive Against Payment
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MDelivering AgentBIC b,c
Partycounterparty’s BIC b,c
MSellerBIC b
Partyordering party’s BIC b
MAccountordering party’s account
MOther Settlement PartiesType: Deliverer’s Custodian
Format: BIC
Party: delivering global custodian’s BIC
Account: global custodian’s account with the Delivering Agent

Deliver Free
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MReceiving AgentBIC b,c
Partycounterparty’s BIC b,c
MBuyerBIC b
Partybeneficiary’s BIC b
MAccountbeneficiary’s account
MOther Settlement PartiesType: Receiver's Custodian
Format: BIC
Party: receiving global custodian’s BIC
Account: global custodian’s account with the Receiving Agent

Deliver Against Payment
MTrade Date
ODeal Price
CProcessing Indicatora
MPlace of SettlementBIC
PartyXHKCHKH1XXX - Hong Kong CCASS
MReceiving AgentBIC b,c
Partycounterparty’s BIC b,c
MBuyerBIC b
Partybeneficiary’s BIC b
MAccountbeneficiary’s account
MOther Settlement PartiesType: Receiver's Custodian
Format: BIC
Party: receiving global custodian’s BIC
Account: global custodian’s account with the Receiving Agent

------------------------------------------
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.

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

Receive Free
MTrade Date
ODeal Price
MPhysical Transaction'Yes'
MPlace of Settlementa
PartyHK - Hong Kong Physical
MDelivering Agent900021
Partycounterparty’s name
OSellerName and Address
Partyordering party’s name
OAccountordering party’s account
CAdditional IndicatorsType: Beneficial Ownership Indicator
Code: No change of beneficial owner (if applicable)
Receive against payment
MTrade Date
ODeal Price
MPhysical Transaction"Yes"
MPlace of Settlementa
PartyHK - Hong Kong Physical
MDelivering Agent900021
Partycounterparty’s name
OSellerName and Address
Partyordering party’s name
OAccountordering party’s account
CAdditional IndicatorsType: Beneficial Ownership Indicator Code:
No change of beneficial owner (if applicable)
Deliver Free
MTrade Date
ODeal Price
MPhysical Transaction'Yes'
MPlace of Settlementa
PartyHK - Hong Kong Physical
MReceiving Agent900023
Partycounterparty’s name
OBuyerName and Address
Partybeneficiary’s name
OAccountbeneficiary’s account
CAdditional IndicatorsType: Beneficial Ownership Indicator Code: 
No change of beneficial owner (if applicable)
Deliver against payment
MTrade Date
ODeal Price
MPhysical Transaction'Yes'
MPlace of Settlementa
PartyHK - Hong Kong Physical
MReceiving Agent900023
Partycounterparty’s name
OBuyerName and Address
Partybeneficiary’s name
OAccountbeneficiary’s account
CAdditional IndicatorsType: 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

Cc

Seller

BIC a

 

Party

ordering party’s BIC a

Cc

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

Cc

Seller

BIC a

 

Party

ordering party’s BIC a

Cc

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

Cc

Buyer

BIC a

 

Party

beneficiary’s BICa

Cd

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

BICa,b

 

Party

counterparty’s BIC a,b

M

Account

counterparty’s CMU account

Cc

Buyer

BIC a

 

Party

beneficiary’s BICa

Cc

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.