| DEFINITIONS |
| PART ONE |
CCASS |
| SECTION 1 |
INTRODUCTION |
1.1
1.2
1.3
1.4 |
HKSCC
What is CCASS ?
Main CCASS services
Additional services |
| SECTION 2 |
PARTICIPANTS |
2.1
2.2
2.3
2.4
2.5
2.6
2.7 |
Admission of Participants
Admission fee
Stock Accounts and CCMS Collateral Accounts
Money Ledger
Authorised Signatories
Designated Officer and Alternate Designated Officer
List of Participants |
| SECTION 3 |
CCASS TERMINALS / CCASS PHONE SYSTEM / CCASS INTERNET SYSTEM / PARTICIPANT GATEWAYS |
3.1
3.2
3.3
3.4
3.4A
3.5
3.6
3.7
3.8
3.9
3.10 |
Direct linkage
Commissioning of CCASS Terminals and Participant Gateways
Delegated Administrators
Authorised Users
SSA Statement Recipients
Access control
Operations undertaken through CCASS Terminals and Participant Gateways
Servicing of CCASS Terminals and Participant Gateways
Back-up Centre for CCASS Terminals
CCASS Terminals of Designated Banks
CCASS Phone System and CCASS Internet System |
| SECTION 4 |
BACK-UP CENTRE / CUSTOMER SERVICE CENTRE |
4.1
4.2 |
Introduction
Customer Service Centre |
| SECTION 5 |
ELIGIBLE SECURITIES |
5.1
5.2
5.3
5.4 |
Securities accepted as Eligible Securities
Currency of denomination and settlement
Stock code number and description
Restrictions affecting Eligible Securities |
| SECTION 6 |
OPERATIONAL AND SERVICE SCHEDULE |
6.1
6.2
6.3 |
Processing and service
Daily processing and service schedule
Daily service schedule for Designated Banks
|
| PART TWO |
SERVICES AND FACILITIES |
| SECTION 7 |
DEPOSITORY AND RELATED SERVICES |
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12 |
CCASS Depository Services
Operating principles
Procedures for deposit
Procedures for withdrawal
Security control
Forms
Withdrawal order functions available for use
Purging of withdrawal orders
Relevant CCASS reports
Exchange Fund Notes & Specified Instruments
Foreign Securities
Structured Products |
| SECTION 8 |
NOMINEE SERVICES |
8.1
8.2
8.3
8.4
8.5
8.6
8.7
8.8
8.9
8.10
8.11
8.12
8.13
8.13A
8.13B
8.14
8.15
8.16
8.17
8.17A
8.18
8.19
8.20
8.20A
8.20B
8.21
8.22
8.23
8.24
8.25 |
Provision of nominee services
General principles
Corporate announcement information
Corporate announcements
Corporate communications
Voting
Cash dividend entitlements
Bonus issues of securities
Dividend entitlements with options
Rights issues
Open offers
Take-over offers
Conversion of warrants
Automatic exercise of derivative warrants at expiry
Automatic exercise of Callable Bull/Bear Contracts at expiry
Sub-divisions, consolidations etc.
Interest payments
Conversion of bonds
Bond, Exchange Fund Notes, Specified Instruments and CMU Instruments redemption
Redemption of Shares
Electronic Application Instructions for New Issue Shares
Tender Instructions for Exchange Fund Notes, Specified Instruments and CMU Instruments
Electronic Applications for the issue & redemption of Units
Redemption of Equity Linked Instruments at expiry
Redemption of Structured Products which have a rollover mechanism
Fractional securities
Unclaimed entitlements
Decimal places for calculation purposes
Forms
Intra-day payment in an Eligible Currency |
| SECTION 9 |
OVERVIEW OF CLEARING AND SETTLEMENT IN CCASS |
9.1
9.2
9.3
9.4
9.5
9.6
9.6A
9.7
9.8 |
Transactions accepted for settlement in CCASS
Exchange Trades
SI Transactions
ISI Transactions
Clearing Agency Transactions
Transfer Instructions
Cross Border Transfer Instructions
Securities settlement
Money settlement |
| SECTION 10 |
EXCHANGE TRADES - CNS SYSTEM |
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
10.9
10.10
10.11
10.12
10.13
10.14
10.15 |
Acceptance for settlement under the CNS System
Trade amendments, "late" Exchange Trades and trades not recognized by the Exchange
Netting
Settlement under the CNS System
Money settlement under the CNS System
Late delivery : default fee
Late delivery : compulsory stock borrowing by HKSCC
Late delivery : Buy-in
Late delivery : adjustments for entitlements
Risk management : Marks
Risk management : Collateral
Risk management : Securities-on-hold
Risk management: Evidence of securities available for settlement
Risk management : Closing-out
Risk management : Cash and Collateral Securities |
| SECTION 11 |
EXCHANGE TRADES - ISOLATED TRADES EXCHANGE TRADES |
11.1
11.2
11.3
11.4
11.5
11.6
11.7
11.8
11.9
11.10 |
Settlement under the Isolated Trades System
Trade amendments, "late" Exchange Trades and trades not recognized by the Exchange
HKSCC not responsible for Isolated Exchange Trades
Settlement of Isolated Exchange Trades
Money settlement of Isolated Exchange Trades
Late delivery: default fee
Late delivery: stock borrowing
Late delivery: Buy-in
Late delivery: adjustments for entitlements
Late delivery: accrued interest of interest bearing Debt Securities |
| SECTION 12 |
NON-EXCHANGE TRADES - SI TRANSACTIONS, CLEARING AGENCY TRANSACTIONS, ISI TRANSACTIONS AND TRANSFER INSTRUCTIONS |
12.1
12.2
12.3
12.4
12.5 |
SI Transactions (Between Participants other than Investor Participants)
Clearing Agency Transactions
ISI Transactions (Involving Investor Participants)
Transfer Instructions
Cross-Border Transfer Instructions |
| SECTION 13 |
SECURITIES SETTLEMENT |
13.1
13.2
13.3
13.4
13.5
13.6 |
General
Settlement by DIs
Settlement by Batch-settlement-runs
Allocation algorithm for long CNS stock positions
Enquiries and reports
Cancelling stock positions |
| SECTION 14 |
MONEY SETTLEMENT |
14.1
14.2
14.3
14.4
14.5
14.6
14.7
14.8 |
Scope of money settlement services
Designated Banks and authorisation forms
Instructions by HKSCC to Designated Banks
DDIs and DCIs
Electronic Payment Instructions
Autopay
CHATS Payment Instructions
Intra-day Payment Instructions |
| SECTION 15 |
ENQUIRY SERVICES |
15.1
15.2
15.3
15.4 |
Enquiry services
Use of various enquiry functions available
Hours when services are available
Access rights to enquiry services |
| SECTION 16 |
STATEMENTS AND REPORTS |
16.1
16.2
16.3
16.4
16.5
16.6
16.7
16.8
16.9 |
Statements and reports available
Access rights to report retrieval functions
Retrieval of reports through CCASS Terminals / Participant Gateways
Downloading of report data image
Request for re-prints
Reports and statements for Participants
Reports and statements for Designated Banks
Reports and statements for SSA Statement Recipients relating to SSA with Statement Service
Errors |
| SECTION 17 |
SUSPENSION OF SERVICES |
17.1
17.2
17.3
17.4 |
General
Typhoon
"Black" rainstorm
Other contingency situations
|
| PART THREE |
DUTIES AND RESPONSIBILITIES OF PARTICIPANTS |
| SECTION 18 |
GUARANTEE FUND |
18.1
18.2
18.3
18.4
18.5
18.6 |
General
Calculation of Contributions
Form of Contributions
Review of Contributions
Payments to be made out of the Guarantee Fund
Replenishment of Guarantee Fund |
| SECTION 19 |
FINANCIAL AND ACCOUNTING REQUIREMENTS |
19.1
19.2 |
Financial requirements
Accounting requirements |
| SECTION 20 |
DISCIPLINARY ACTION |
20.1
20.2
20.3
20.4
20.5
20.6
20.7
20.8
20.9
20.10
20.11 |
Information
Monitoring and investigations
Responsibility of Participants
Acts of misconduct
The disciplinary function of HKSCC
Membership of Committee and Panel
Referral to the Disciplinary Committee
Pre-hearing preparation and pre-hearing review
The Disciplinary Committee hearing
Appeal to the Disciplinary Appeals Panel
Publicity and public censure
|
| PART FOUR |
TARIFF |
| SECTION 21 |
COSTS AND EXPENSES |
21.1
21.2
21.3
21.3A
21.3B
21.4
21.5
21.6
21.7
21.8
21.9
21.10
20.11
21.12
21.13
21.14
21.15
21.16
21.17
21.18
21.18a |
Clearing and settlement of Exchange Trades
Clearing and settlement of SI Transactions
Clearing and settlement of ISI Transactions
Clearing and settlement of Transfer Instructions
Cross-Border Transfer (Receives/Deliveries) Instructions
Account Transfer Instructions
Depository services
Nominee services
Other money settlement fees
Report reprinting service
(i) Repealed
(ii) Repealed
(iii) Fees for CCASS Terminal accessed by smartcard
(iv) Fees for Participant Gateways
Applicable interest rates
SSA with statement service
Compulsory stock borrowing transactions
Costs and expenses - miscellaneous
Billing
Review of costs and expenses
Default fee for later delivery under the CNS System
Foreign Currency denominated transactions
Publications
[Repealed] |
| SECTION 22 |
TARIFF FOR INVESTOR PARTICIPANTS |
22.1
22.1A
22.1B
22.2
22.3
22.4
22.5
22.6
22.7
22.8
22.9
22.10
22.11
22.12 |
Clearing and settlement of ISI Transactions
Clearing and settlement of TI Instructions
Cross-Border Transfer (Receives/Deliveries) Instructions
Depository services
Nominee services
Other money settlement fees
Customer Service Centre
Investor accounts maintenance fees
Applicable interest rates
Costs and expenses - miscellaneous
Billing
[Repealed]
Review of costs and expenses
Foreign Currency denominated transactions |
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Forms for Depository Services
Stock Collection Authorization Form
Stock Pledgee Declaration Form
Stock Deposit Form
[Repealed]
Void Voucher
Adjustment Voucher
Beneficiary Details and Registration Authorization Form |
|
Forms for Nominee Services
Voting Request Form
Foreign Currency Dividend Entitlement Instruction Form
Cash/Scrip Dividend Election Form
Subscription of Open Offers Form
Takeover Offer Acceptance/Election Form
Rights Issue Subscription Request Form
Warrant Conversion Request Form
Conversion Voucher
Dividend/Bonus Claim Letter
Letter of Indemnity
Bond Conversion Election Form
Bond Redemption Acceptance/Election Form |
|
Forms for Miscellaneous Matters
Stock Segregated Account Maintenance Form - Without Statement
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
Buy-in Reporting Slip
Application Form for Exemption of Buy-in
Early Buy-in Request Form
Voting Request Form - CNS Positions
Entitlement Election Form - CNS Positions
Rights Issues Subscription Election Form - CNS Positions
Subscription of Open Offer Form - CNS Positions
Take-over Offer Acceptance/Election Form - CNS Positions
Warrant Exercise Election Form - CNS Positions
Application Form for Cancellation of Settlement Position
Buy-in Request Form (for CCASS Isolated Trades only)
Withdrawal of Buy-in Request Form (for CCASS Isolated Trades)
Cash Prepayment - Intra-bank Transfer Sample
CHATS Payment Instruction Sample
Rights Issues Subscription Election Form - IT Positions
Warrant Exercise Election Form - IT Positions
Transfer Instruction Form - Exchange Fund Notes, Specified Instruments and/or CMU Instruments - Receive Free of Payment Instruction
Transfer Instruction Form - Exchange Fund Notes, Specified Instruments and/or CMU Instruments - Deliver Free of Payment Instruction
Debt Securities Conversion Request Form - IT Positions
Debt Securities Redemption Request Form - IT Positions
[Repealed]
[Repealed]
Stock Lending Account Opening Form
Debt Securities Conversion Request Form - CNS Positions
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
Request for Maintenance of Day-End Standing Withdrawal Instruction
Application/Change Request for Liquid Capital Apportionment |
|
[Repealed] |
|
Compulsory Stock Borrowing and Lending Regulations
Notification of Opening of a Stock Lending Account in CCASS by Lender |
|
Foreign Securities Withdrawal Form & Cross-border Transfer Instruction Forms
Foreign Securities Withdrawal Form
Cross-border Transfer Instruction Form : Foreign Securities - 'Deliver Free of Payment' Instruction
Cross-border Transfer Instruction Form : Foreign Securities - 'Receive Free of Payment' Instruction
Cross-border Transfer Instruction Form : Foreign Securities - Cancel 'Receive Free of Payment' Instruction |
|
Creation / Redemption of Units - Debit and Credit Authorization Forms
Creation of Units - Credit Authorization Form (Cash Application)
Creation of Units (In Kind Creation) - Debit and Credit Authorization Form
Redemption of Units - Debit and Credit Authorization Form | |
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