Clearing and Settlement Services 
06/12/2016 
 

I. Clearing and Settlement Services*

Fee Nature Transaction Nature Fee Amount

Stock clearing fee

Exchange trade

 

Nil

SI transaction

 

SI input/amendment/revocation HK$1 per input
ISI transaction ISI input/amendment

HK$1 per input

Notes: Fee not applicable to China Connect Securities

 

TI transaction

 

TI input HK$1 per input
STI transaction

STI input by Clearing Participant or Custodian Participant (Movement of eligible securities of SSAs under the same participant)

 

HK$1 per input
Stock settlement fee Exchange trade Broker-broker trade

0.002% of gross value of an Exchange trade, subject to a minimum fee of HK$2 and maximum of HK$100 per side per trade

 

Exercised stock options positions (between the two settlement counterparty participants)
Crossed trade (that is where the buy and sell of an Exchange trade is handled by the same Exchange participant)

0.001% of gross value of a crossed trade, subject to a minimum fee of HK$1 and maximum of HK$50 per side per trade

 

SI transaction Broker-custodian/clearing agency participant transaction (with trade value data input)

0.002% of gross value of a SI transaction, subject to a minimum fee of HK$2 and maximum of HK$100 per side per SI transaction

Notes: Gross value refers to input trade value of eligible non-Debt Securities or nominal value of eligible Debt Securities

 

Broker-custodian/clearing agency participant transaction(without trade value data input)

0.002% of gross value of a SI transaction, subject to a minimum fee of HK$2 and maximum of HK$100 per side per SI transaction

Notes: Gross value for eligible non-Debt Securities refers to value calculated at nominal prices of the previous trading day, and for eligible Debt Securities, refers to their nominal value

 

Other SI transactions (e.g. stock borrowing/lending, stock pledging and portfolio movement)

ISI transaction

 

Investor-broker/custodian participant transaction

Nil
Transfer Fee China Connect Securities Trade

0.002% of gross value of a China Connect Securities Trade

Notes: Fee applicable to China Connect Securities only

 

Stock transfer fee

Movement of eligible securities between stock accounts of the same participant (effected by ATI)

 

Nil
For each TI relating to a transfer of EFN and/or specified instruments** between a participant and a recognized dealer of Central Moneymarkets Unit

0.002% of the nominal value of the EFN and/or specified instruments, subject to a minimum fee of HK$2 and maximum of HK$100 for each transfer

 

Cross border transfer fee for receipts/deliveries of foreign securities

HK$200 per receipt/delivery instruction plus out-of-pocket expenses incurred by Hongkong Clearing

 

TSF FX transaction fee TSF*** Exchange trade

TSF FX transaction

 

TSF FX Clearing Fee Nil

TSF FX transaction

 

TSF FX Settlement Fee HK$2 per transaction
Disbursements and out-of-pocket expenses in connection with clearing and settlement services

Actual amounts incurred by HKSCC.

Recoveries of disbursements and out-of-pocket expenses are additional to other fees for relevant clearing and settlement services and will be debited or deducted as when incurred by HKSCC.

 


Notes: SI-Settlement Instruction ATI-Account Transfer Instruction ISI-Investor Settlement Instruction
  TI-Transfer Instruction EFN-Exchange Fund Notes STI-Stock Segregated Account Transfer Instruction 
 

*Stock Clearing Fee and Stock Settlement Fee of SI Transaction will be applied on China Connect Securities as well.

**Specified instruments refer to those capital market instruments (other than Exchange Fund Notes) (i) which are for the time being specified as capable of being held in the Exchange Fund Bills and Notes Clearing and Settlement System, (ii) which are listed or to be listed on the Stock Exchange and (iii) (where the issuer is a company or an overseas company, within the meaning of those terms in the Companies Ordinance) in respect of which a prospectus has been registered with the Registrar of Companies in Hong Kong.

***TSF refers to the trading support facility in the form of FX Services which HKSCC may provide for the purposes of facilitating the purchase and sale of TSF Stocks.

Concessions on stock clearing and settlement fees may be granted to participants for portfolio transfers involving SI transactions due to change of business. A discount in stock clearing fee and stock settlement fee may be granted to Participants, on written application by Participants, for SI Transactions involving China Connect Securities due to such reasons as may be specified by HKSCC from time to time.