Under the Stock Exchange Listing Rules, all new equity securities to be listed, including derivatives, are required to be admitted to CCASS on their first dealing date. Issuers may choose to arrange the share application and allotment within or outside CCASS.

Investors who have successfully applied through a CCASS participant will receive the new shares through the participant's stock account in CCASS. These shares are registered in the name of the common nominee.

These allotment procedures make newly issued shares immediately available for electronic book-entry settlement in CCASS, saving the time and cost of re-registering and re-issuing shares deposited with CCASS in the name of the common nominee, as well as the future scrip fee.

Participants are not required to re-deposit allotted shares into CCASS because shares are already in the CCASS Depository and reflected in their stock accounts.

Shares may be issued in the form of jumbo certificates, with a single certificate representing a large number of shares. This reduces issuers' printing costs for issuing board-lot certificates.