Asset servicing – Hong Kong


Income collection

Service offeredRemarks
Notification to clients

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

See Section 8 “Asset servicing” of the Client Handbook.

See Connectivity manuals on the Clearstream website.

Payment of proceeds

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 “5.6 Financing: availability of funds” of the Client Handbook.

Corporate actions

Service offeredRemarks
Notification to clients

Clearstream Banking 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 CBL apply to the Hong Kong market.

Instruction to CBL

Clients may instruct CBL 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, CBL 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.

Proxy voting procedures

Proxy voting services are available in CBL for this market. For details about the proxy voting services offered by CBL, please refer to the CBL Client Handbook and, for the market specific practices, please refer to the Securities administration section of the Market Profile – Hong Kong.

Entitlement compensation rules

Please refer to the Securities administration section of the Market Profile – Hong Kong.