Market Link Guide – South Korea – Equities and corporate bonds
Reference
Key features
| Yes/No | Remarks | |
| Settlement free of payment | Yes | |
| Settlement against payment | Yes | Eligible settlement currency: KRW (Korean Won). |
| Bridge settlement | No | |
| Shaping facility | No | |
| Partial settlement | No | Clearstream will cap the cash countervalue of against payment instructions in listed securities (excluding fixed income) to KRW 10 billion to prevent potential compulsory partial settlement in the market. |
| Settlement penalty fees | Yes | Refer to the Market Profile. |
| Pre-matching | Yes | |
| Back-to-back processing | No | |
| Allegements | Yes | |
| Automatic compensation | No | Refer to Entitlement Compensation Rules – South Korea – Equities and corporate bonds. |
| Registered securities | No | |
| Multi Market Securities | No | |
| Lending and borrowing | No | |
| Proxy voting | Yes | |
| Investment Funds | No | |
| Liquidity Hub Connect | No | |
| Sale and purchase of rights | No | |
| Repo services | No | |
| Market restrictions | Yes | Refer to Investment Regulation. |
| FTT | No | |
| FATCA GIIN | Yes | 4RI52Y.00000.BR.410 |
| LEI | Yes | HSBC Seoul 2HI3YI5320L3RW6NJ957 |
| Type of link | CSD or settlement method |
Out of network link via The Hongkong and Shanghai Banking Corporation Limited, Seoul branch | The Korea Securities Depository (KSD). |
Note: South Korean securities can only be transferred domestically; Internal and Bridge transactions are not allowed. Clients should note that access to this market is subject to conditions and criteria, which will be assessed on a case-by-case basis. Please contact your Relationship Manager to confirm or make the necessary arrangement, in case of doubt. Clearstream Banking reserves the right to revoke a client’s access to the market in the event that such conditions and criteria are not fulfilled.
