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Instruction specifications - Xact Web Portal - China Connect securities

21.12.2022

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

Stock Connect - Buyer/Seller is direct client of Delivering/Receiving Agent

	Receive Free
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party’s BIC ^a
M	Party 2 Safekeeping account	ordering party’s account
M	Settlement instruction processing additional details	/SAFE/Beneficiary's account at CBL's depository ^c
	Receive Against Payment
M	Trade date
O	Deal price
C	Securities RTGS ^d
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party’s BIC ^a
M	Party 2 Safekeeping account	ordering party’s account
M	Settlement instruction processing additional details	/SAFE/Beneficiary's account at CBL's depository ^c
	Deliver Free
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary’s BIC ^a
M	Party 2 Safekeeping account	beneficiary’s account
M	Settlement instruction processing additional details	/SAFE/Ordering party's account at CBL's depository ^c
	Deliver Against Payment
M	Trade date
O	Deal price
C	Securities RTGS ^d
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary’s BIC ^a
M	Party 2 Safekeeping account	beneficiary’s account
M	Settlement instruction processing additional details	/SAFE/Ordering party's account at CBL's depository ^c

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a. If no BIC exists or none is available, the :95Q: Name and Address field must be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.

b. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the :95Q: Name and Address field must be used instead in each case. The format should be :95Q::DEAG//Broker Code or CCASS ID.

c. The account format is a 10-digit account number.

d. For Real-Time Gross Settlement (RTGS) instructions for Stock Connect instruments only, this field must contain YRTG to indicate that the instruction is to be processed in RDP settlement (see “RTGS instructions for Stock Connect instruments” under Settlement services).

Stock Connect - Buyer/Seller is indirect client of Delivering/Receiving Agent

	Receive Free
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC
	Party 2 Identifier	Delivering global custodian’s BIC
M	Party 2 Safekeeping account	Global custodian’s account with the Delivering Agent
M	Party 3 Format	BIC ^a
	Party 3 Identifier	ordering party’s BIC ^a
M	Party 3 Safekeeping account	ordering party’s account
M	Settlement instruction processing additional details	/SAFE/Beneficiary's account at CBL's depository ^c
	Receive Against Payment
M	Trade date
O	Deal price
C	Securities RTGS ^d
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC
	Party 2 Identifier	Delivering global custodian’s BIC
M	Party 2 Safekeeping account	Global custodian’s account with the Delivering Agent
M	Party 3 Format	BIC ^a
	Party 3 Identifier	ordering party’s BIC ^a
M	Party 3 Safekeeping account	ordering party’s account
M	Settlement instruction processing additional details	/SAFE/Beneficiary's account at CBL's depository ^c
	Deliver Free
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC
	Party 2 Identifier	Receiving global custodian’s BIC
	Party 2 Safekeeping account	Global custodian’s account with the Receiving Agent
M	Party 3 Format	BIC ^a
	Party 3 Identifier	beneficiary’s BIC ^a
M	Party 3 Safekeeping account	beneficiary’s account
M	Settlement instruction processing additional details	/SAFE/Ordering party's account at CBL's depository ^c
	Deliver Against Payment
M	Trade date
O	Deal price
C	Securities RTGS ^d
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 2 Format	BIC
	Party 2 Identifier	Receiving global custodian’s BIC
M	Party 2 Safekeeping account	Global custodian’s account with the Receiving Agent
M	Party 3 Format	BIC ^a
	Party 3 Identifier	beneficiary’s BIC ^a
M	Party 3 Safekeeping account	beneficiary’s account
M	Settlement instruction processing additional details	/SAFE/Ordering party's account at CBL's depository c^a

c. The account format is a 10-digit account number.

Bond Connect

	Receive Against Payment
M	Trade date
O	Deal price
M	Securities RTGS	Yes
M	Safekeeping place	NCSD/HKMAHKHC
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	NDCCCNB1 (for CCDC) or CHFMCNSH (for SHCH)
M	Party 1 Format	Proprietary
	Party 1 Identifier	Counterparty account number in Mainland CSDs
M	Settlement instruction processing additional details	SAFE/Beneficiary's account at CBL's depository ^a CBT ^b
	Deliver Against Payment
M	Trade date
O	Deal price
M	Securities RTGS	Yes
M	Safekeeping place	NCSD/HKMAHKHC
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	NDCCCNB1 (for CCDC) or CHFMCNSH (for SHCH)
M	Party 1 Format	Proprietary
	Party 1 Identifier	Counterparty account number in Mainland CSDs
M	Settlement instruction processing additional details	SAFE/Ordering party's account at CBL's depository ^a CBT

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a. The account format is a 10-digit account number to be indicated on the first line.
b. CFETS Trade reference number with the prefix “CBT” to be indicated on the second line. For example, CBT12345678910.

Further Hong Kong China Connect MLG information

Related Hong Kong information

This page contains Governing Information.