Hong Kong: Stock Connect improved settlement deadlines
Clearstream Banking1 informs clients that effective settlement date
23 June 2023
and in line with our ongoing commitment to the enhancement of our settlement services, the client deadlines for Hong Kong – Stock Connect Delivery Against Payment and Delivery Free of Payment instructions will be improved as follows:
Instruction | Current deadline | New deadline from 23 June 2023 | |
Stock Connect | |||
Deliveries | AP | 10:40 SD | 11:15 SD |
FOP | 10:40 SD | 11:15 SD | |
Note: All times in this announcement are CET unless otherwise stated.
Clients are advised to instruct as early as possible to avoid settlement failure, which may result in buy-in and penalty claims from brokers.
Further information
The Settlement Timings Matrix and Market Link Guide will be updated on 23 June 2023.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.