Operational Information

Transaction Management Rules - Hong Kong

Market Coverage | Hong Kong

Reference

Service level
CBL | 6-series account | CEU OneClearstream
Last Updated
10.09.2026

Market Claims

Overview 

CBL

Internal (CBL-CBL) 

Cross-CSD (CBL-CEU)  

Domestic (CBL-Domestic C/P) 

Bridge (CBL-EB) 

Detection  

Yes 

Yes 

Yes 

Yes 

Compensation 

Yes a

Yes a

Yes a

No 

----------------------

a. Equities only 

CEU 

Internal (CEU-CEU) 

Cross-CSD (CEU-CBL)  

Domestic (CEU- Domestic C/P) 

Bridge (CEU-EB) 

T2S Cross CSD (CEU-T2S C/P) 

Detection  

Yes 

Yes 

Yes  

Yes 

n/a  

Compensation 

Yes a,b

Yes a,b

Yes a,b

No 

n/a

----------------------

a.Market claims and reverse market claims in non-T2S eligible currencies and securities are processed on the corresponding CBL account of the CEU clients.  
b.Equities only 

Detection 

Detection period   

20 business days after the record date  

Eligible assets  

All securities 

Eligible corporate action events   

All distribution events 

Eligible transactions for detection   

 All as of status matched  

Detection key dates   

Securities in units   

  • Trade date   

  • Ex-date   

  • Record date   

  • Effective/actual settlement date   

Securities in nominal   

  • Record date   

  • Intended settlement date 

  • Effective settlement date   

Processing 

Eligible transactions for processing  

All as of status settled 

Opt-out/Ex/Cum/Hold/Partial indicator 

Not supported  

Characteristics of generated market claim instructions  

Internal and Cross-CSD: 

  • Transaction code “CLAI”  

  • Status settled  

  • Same trade date as per underlying instruction  

  • Settlement date being the payment date of the underlying event  

External:  

  • Cash and securities proceeds are compensated upon receipt of confirmation from the local agent.  

Market specifics  

Compensations on domestic transactions are processed upon confirmation from the market and as cash/securities booking on the CBL accounts for non T2S-eligible proceeds. T2S eligible proceeds will be paid on the CEU account. 

Tax basis for compensation  

Net 

Transformations 

Overview 

CBL 

Internal (CBL-CBL) 

Cross-CSD (CBL-CEU)  

Domestic (CBL-Domestic C/P) 

Bridge (CBL-EB) 

Detection  

Yes 

Yes 

Yes 

Yes 

Cancellation 

Yes 

Yes  

Yes   

Yes 

Re-instruction 

No 

No 

No 

No 

CEU 

Internal (CEU-CEU) 

Cross-CSD (CEU-CBL)  

Domestic (CEU- Domestic C/P) 

Bridge (CEU-EB) 

T2S Cross CSD (CEU-T2S C/P) 

Detection  

Yes 

Yes 

Yes  

Yes 

n/a

Cancellation 

Yes  

Yes 

Yes 

Yes 

n/a

Re-Instruction 

No 

No 

No 

No 

n/a

Detection & Cancellation  

Detection period   

20 business days after the record date / market deadline 

Eligible assets  

All securities 

Eligible corporate action events   

All reorganisation events 

Eligible transactions for detection/cancellation   

 All as of status matched  

Detection key dates 

Record date for Mandatory reorganisation events without options 

Market deadline for Mandatory reorganisation events with options 

Processing 

Not applicable  

Buyer Protection 

Not available 

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