Asset servicing – Hong Kong

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

See Section “Asset servicing” of the relevant Client Handbook.

See Connectivity manuals on the Clearstream website.

Proceeds are calculated based on the positions recorded at the close of business on the record date and paid to the client's account upon successful receipt and reconciliation of funds. 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 “Financing: availability of funds” of the relevant Client Handbook.

Clearstream advises clients of their entitlement to participate in Hong Kong corporate actions (including, but not limited to, rights issues, stock splits and tender offers) subject to their availability to foreign investors.

No specific deviations from standard reporting provided by Clearstream apply to the Hong Kong market.

Clients may instruct Clearstream 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 etc.

In addition, Clearstream informs clients, on an “as and if received” basis, of unscheduled securities events occurring on account holdings, such as rights offers, exchange offers, purchase offers etc.