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Instruction specifications - Xact Web Portal - Hong Kong

02.07.2018

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

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

	Receive Free
M	Trade date
O	Deal price
C	Securities RTGS^a
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC ^b,c
M	Party 2 Format	BIC^b
	Party 2 Identifier	ordering party’s BIC^b
M	Party 2 Safekeeping account	ordering party’s account
	Receive Against Payment
M	Trade date
O	Deal price
C	Securities RTGS^a
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC b,^c
M	Party 2 Format	BIC^b,c
	Party 2 Identifier	ordering party’s BIC^b
M	Party 2 Safekeeping account	ordering party’s account
	Deliver Free
M	Trade date
O	Deal price
C	Securities RTGS^a
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC ^b,c
M	Party 2 Format	BIC ^b
	Party 2 Identifier	beneficiary’s BIC^b
M	Party 2 Safekeeping account	beneficiary’s account
	Deliver Against Payment
M	Trade date
O	Deal price
C	Securities RTGS^a
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC^b,c
M	Party 2 Format	BIC ^b
	Party 2 Identifier	beneficiary’s BIC ^b
M	Party 2 Safekeeping account	beneficiary’s account

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a. For Real-Time Gross Settlement (RTGS) instructions for CCASS instruments only, to indicate that the instruction is to be processed in the mandatory and/or optional settlement processing (see “RTGS instructions for CCASS instruments” under Settlement services).
b. If no BIC exists or none is available, the 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.
c. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the Broker Code/CCASS ID must be included in the Name and Address field.

CCASS-eligible equities and warrants - Buyer/Seller is indirect client (custodian bank) of Delivering/Receiving Agent

	Receive Free
M	Trade date
O	Deal price
C	Securities RTGS^a
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC ^b,c
M	Party 2 Format Party 2 Identifier Party 2 Safekeeping account	BIC delivering global custodian’s BIC global custodian’s account with the Delivering Agent
M	Party 3 Format	BIC ^b
	Party 3 Identifier	ordering party’s BIC ^b
M	Party 3 Safekeeping account	ordering party’s account
	Receive Against Payment
M	Trade date
O	Deal price
C	Securities RTGS^a
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC ^b,c
M	Party 2 Format Party 2 Identifier Party 2 Safekeeping account	BIC delivering global custodian’s BIC global custodian’s account with the Delivering Agent
M	Party 3 Format	BIC ^b
	Party 3 Identifier	ordering party’s BIC ^b
M	Party 3 Safekeeping account	ordering party’s account
	Deliver Free
M	Trade date
O	Deal price
C	Securities RTGS^a
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC ^b,c
M	Party 2 Format Party 2 Identifier Party 2 Safekeeping account	BIC receiving global custodian’s BIC global custodian’s account with the Receiving Agent
M	Party 3 Format	BIC^b
	Party 3 Identifier	beneficiary’s BIC ^b
M	Party 3 Safekeeping account	beneficiary’s account
	Deliver Against Payment
M	Trade date
O	Deal price
C	Securities RTGS^a
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	XHKCHKH1XXX
M	Party 1 Format	BIC ^b,c
	Party 1 Identifier	counterparty’s BIC ^b,c
M	Party 2 Format Party 2 Identifier Party 2 Safekeeping account	BIC receiving global custodian’s BIC global custodian’s account with the Receiving Agent
M	Party 3 Format	BIC ^b
	Party 3 Identifier	beneficiary’s BIC ^b
M	Party 3 Safekeeping account	beneficiary’s account

Physical CCASS- and Non–CCASS-eligible equities and warrants

	Receive Free
M	Trade date
O	Deal price
M	Sett. transaction cond.	PHYS – Physical
	Delivering settlement parties
M	Depository Format	a
	Depository Identifier	HK - Hong Kong Physical
M	Party 1 Format	900021
	Party 1 Identifier	counterparty’s name
O	Party 2 Format	Name
	Party 2 Identifier	ordering party’s name
O	Party 2 Safekeeping account	ordering party’s account
C	Beneficial ownership	unticked
	Receive against payment
M	Trade date
O	Deal price
M	Sett. transaction cond.	PHYS – Physical
	Delivering settlement parties
M	Depository Format	a
	Depository Identifier	HK - Hong Kong Physical
M	Party 1 Format	900021
	Party 1 Identifier	counterparty’s name
O	Party 2 Format	Name
	Party 2 Identifier	ordering party’s name
O	Party 2 Safekeeping account	ordering party’s account
C	Beneficial ownership	unticked
	Deliver Free
M	Trade date
O	Deal price
M	Sett. transaction cond.	PHYS – Physical
	Receiving settlement parties
M	Depository Format	a
	Depository Identifier	HK - Hong Kong Physical
M	Party 1 Format	900023
	Party 1 Identifier	counterparty’s name
O	Party 2 Format	Name
	Party 2 Identifier	beneficiary’s name
O	Party 2 Safekeeping account	beneficiary’s account
C	Beneficial ownership	unticked

	Deliver against payment
M	Trade date
O	Deal price
M	Sett. transaction cond.	PHYS – Physical
	Receiving settlement parties
M	Depository Format	a
	Depository Identifier	HK - Hong Kong Physical
M	Party 1 Format	900023
	Party 1 Identifier	counterparty’s name
O	Party 2 Format	Name
	Party 2 Identifier	beneficiary’s name
O	Party 2 Safekeeping account	beneficiary’s account
C	Beneficial ownership	unticked

a. For equities, PSET should be XHKCHKH1. For CMU instruments, PSET should be HKMAHKHC.

CMU instruments and Exchange Fund Paper

	Receive Free
C	Settlement instruction processing additional details	Must contain "NEW ISSUE DISTRIBUTION" on receipts of new issue allotments
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	HKMAHKHCXXX
M	Party 1 Format	BIC^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 1 Safekeeping account	counterparty’s CMU account
C^c	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party’s BIC ^a
C^c	Party 2 Safekeeping account	ordering party’s account
	Receive Against Payment
C	Settlement instruction processing additional details	Must contain "NEW ISSUE DISTRIBUTION" on receipts of new issue allotments
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	HKMAHKHCXXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 1 Safekeeping account	counterparty’s CMU account
C^c	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party’s BIC ^a
C^c	Party 2 Safekeeping account	ordering party’s account
	Deliver Free
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	HKMAHKHCXXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC ^a,b
M	Party 1 Safekeeping account	counterparty’s CMU account
C^c	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary’s BIC^a
C^c	Party 2 Safekeeping account	beneficiary’s account
	Deliver Against Payment
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	HKMAHKHCXXX
M	Party 1 Format	BIC ^a,b
	Party 1 Identifier	counterparty’s BIC^a,b
M	Party 1 Safekeeping account	counterparty’s CMU account
C^c	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary’s BIC^a
C^c	Party 2 Safekeeping account	beneficiary’s account

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a. If no BIC exists or none is available, the 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/CMU ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the Broker Code/CMU ID must be included in the Name and Address field.
c.This field becomes mandatory when Clearstream Banking's depository (Citibank Hong Kong) is also the counterparty.

Further Hong Kong MLG information

Related Hong Kong information

This page contains Governing Information.