Operational Information

Instruction specifications - CASCADE Online - CEU - Hong Kong

Market Coverage | CASCADE | Hong Kong

Reference

Service level
CEU OneClearstream
Last Updated
10.09.2026
This page contains Governing Information.

In the following tables M=Mandatory; O=Optional; C=Conditional; 

CASCADE - Deliver (KVEE/WE) 

Deliver free 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

M 

Last-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O 

Referenz-Nr. 

Common Trade Reference a 

M 

Schlusstag 

Trade Date 

M 

Gut-Kto 

XHKCHKH1XXX 

M 

Empfaenger-P1 – BIC 

Counterparty`s BIC 

M 

Empfaenger-P2 - BIC 

Beneficiary Party's BIC if different from P1 

M 

Empfaenger-P3 – SAC 

Beneficiary’s account 

Delivery against Payment (DvP) 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

M 

Last-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O

Referenz-Nr. 

Common Trade Reference a

M 

Schlusstag 

Trade Date 

M 

Gut-Kto 

XHKCHKH1XXX 

M 

Gegenwert 

Cash amount (in HKD)  

M 

Empfaenger-P1 – BIC 

Counterparty`s BIC 

M 

Empfaenger-P2 - BIC 

Beneficiary Party's BIC if different from P1 

M 

Empfaenger-P3 – SAC 

Beneficiary’s account 

______________

a. The Common Reference may be populated based on market practices and in coordination with local counterparties.  

CASCADE  - Receipt (KVEE/MI) 

Receive Free 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

M 

Gut-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O 

Referenz-Nr. 

Common Trade Reference a

M 

Schlusstag 

Trade Date 

M 

Last-Kto 

XHKCHKH1XXX 

M 

Lieferer-P1 - BIC 

Counterparty`s BIC 

M 

Lieferer-P2 - BIC 

Ordering Party's BIC if different from P1 

M 

Lieferer-P3 - BIC 

Ordering Party’s account 

Receive against payment (RvP) 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

M 

Gut-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O 

Referenz-Nr. 

Common Trade Reference a

M 

Schlusstag 

Trade Date 

M 

Last-Kto 

XHKCHKH1XXX 

M 

Gegenwert 

Cash amount (in HKD)  

M 

Lieferer-P1 - BIC 

Counterparty`s BIC 

M 

Lieferer-P2 - BIC 

Ordering Party's BIC if different from P1 

M 

Lieferer-P3 - BIC 

Ordering Party’s account 

_______________

a. The Common Reference may be populated based on market practices and in coordination with local counterparties.  

CASCADE - Deliver (KVEE/WE) 

Deliver free 

CMU instruments 

M 

Last-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O 

Referenz-Nr. 

Common Trade Reference a

M 

Schlusstag 

Trade Date 

M 

Gut-Kto 

HKMAHKHCXXX 

M 

Empfaenger-P1 – BIC 

Counterparty`s BIC 

M 

Empfaenger-P1 – SAC 

Counterparty`s CMU account 

C b

Empfaenger-P2 - BIC 

Beneficiary Party's BIC if different from P1 

C b

Empfaenger-P3 – SAC 

Beneficiary’s account 

Delivery against Payment (DvP) 

CMU instruments

M 

Last-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O 

Referenz-Nr. 

Common Trade Reference a

M 

Schlusstag 

Trade Date 

M 

Gut-Kto 

HKMAHKHCXXX 

M 

Gegenwert 

Cash amount (in HKD)  

M 

Empfaenger-P1 – BIC 

Counterparty`s BIC 

M 

Empfaenger-P1 – SAC 

Counterparty`s CMU account 

C b

Empfaenger-P2 - BIC 

Beneficiary Party's BIC if different from P1 

C b

Empfaenger-P3 – SAC 

Beneficiary’s account 

CASCADE  - Receipt (KVEE/MI) 

Receive Free 

CMU instruments 

M 

Gut-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O 

Referenz-Nr. 

Common Trade Reference a

M 

Schlusstag 

Trade Date 

M 

Last-Kto 

HKMAHKHCXXX 

M 

Lieferer-P1 - BIC 

Counterparty`s BIC 

M 

Lieferer-P1 – SAC 

Counterparty`s CMU account 

C b

Lieferer-P2 - BIC 

Ordering Party's BIC if different from P1 

C b

Lieferer-P3 - BIC 

Ordering Party’s account 

Receive against payment (RvP) 

CMU instruments 

M 

Gut-Kto 

T2S PARTY BIC of CEU participant 

(alternative 4-digit account master or 7-digit account) 

O 

Referenz-Nr. 

Common Trade Reference a

M 

Schlusstag 

Trade Date 

M 

Last-Kto 

HKMAHKHCXXX 

M 

Gegenwert 

Cash amount (in HKD)  

M 

Lieferer-P1 - BIC 

Counterparty`s BIC 

M 

Lieferer-P1 – SAC 

Counterparty`s CMU account 

C b

Lieferer-P2 - BIC 

Ordering Party's BIC if different from P1 

C b

Lieferer-P3 - BIC 

Ordering Party’s account 

_________________

a. The Common Reference may be populated based on market practices and in coordination with local counterparties.  
b. This field becomes mandatory when Clearstream Banking's depository (Citibank Hong Kong) is also the counterparty. 

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