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Client Connect

The Next Generation Post Trade Programme, or NextGen, goes beyond simply modernising our platforms – it will prepare HKEX and strengthen its competitive advantages amid a rapidly changing business, technology and regulatory environment. In particular, HKEX is focused on ensuring that our platform is able to best serve the existing and future needs of market participants and investors. The introduction of the Client Connect is one of the major deliverables in the initial phase.

 

OVERVIEW

The Client Connect aims to provide a single platform to unify all client access to HKEX services. Its primary objectives are:

  • To enhance the HKEX service offering by digitizing the majority of paper-based services
  • To simplify and enhance operational efficiency
  • To prepare for future integration with other NextGen applications

 

KEY FEATURES

The Client Connect provides access to Participants services through a secured web-based user interface.  The key features include:

  • 2-factor authentication (2nd password via email or mobile app)
  • Accessible from PC/tablet/mobile
  • Agile user account structure to support multiple memberships
  • Customized service access based on the user access right
  • Access to eServices which will replace current paper/fax based operations
  • Built-in intelligence to auto-fill and validate the eService input
  • Built-in workflow for maker-checker control
  • Email/on-screen notifications of outstanding tasks
  • Dashboard to show the outstanding and historical tasks with search and filter functions
  • Electronic enrolment for seminars and events
  • Centralized technical document download area

KEY BENEFITS
  • Access to the Service from anywhere at anytime
  • Single front-end with modern and secured accessibility
  • User-friendly dashboard to keep track of service request status
  • No more physical signatures and company chops
  • No more completion and scanning of physical forms
  • Full audit trail of the service request process

 

SCHEDULE

The Client Connect for post-trade related eServices will be launched in Q1-2019 with additional functionality provided in Q3-2019.  A numbers of participants will be invited to join the pilot rollout of Release 1 in Q4 2018.  High-level schedule of two Releases is presented below:

Picture1

 

eSERVICE COVERAGE

The initial eServices coverage will focus on approximately 45 manual activities focusing on Settlement & Depository activities, Membership Management, Technical Setup and participation in events.  Certain existing manual forms will be consolidated into a single eService to facilitate multiple instructions/ applications through one submission. 

Client connect schedule 

 

DETAILS OF THE TENTATIVE eSERVICES

Further information will be provided on the eServices implemented in each release.

Category

Clearing House

#

Type of eService

Existing forms

Settlement and Depository

HKSCC

1

Application to HKSCC for Exemption of Buy-in

Application Form for Exemption of Buy-in

Application Form for Exemption of Buy-in (China Connect Securities)

2

Early Buy-in Request to HKSCC

Early Buy-in Request Form

3

Request for Special Buy-In

Buy-in Reporting Slip

Request Letter for Exemption of Special Buy-in

4

Buy-in Request to HKSCC for CCASS Isolated Trades only

Buy-in Request Form (for CCASS Isolated Trades only)

Withdrawal of Buy-in Request Form (for CCASS Isolated Trades only)

5

Authorization to HKSCC from the short clearing participant for debiting their stock entitlement account

Authorization Letter from the short clearing participant for debiting their stock entitlement account

6

Dividend Bonus Claim Submission to HKSCC

Dividend/Bonus Claim Letter

7

Corporate Communication Request to HKSCC

Corporate Communications Mailing Address Label Data File transmitted from HKSCC to share registrars

8

Application to HKSCC for Withdrawal Fee Concession

Application for Withdrawal Fee Concession (Condition 1) - Sample Application Letters

Application for Withdrawal Fee Concession (Condition 2) - Sample Application Letters

9

Application to HKSCC for Scrip Fee Concession

Application for Scrip Fee Concession - Sample Application Letter from Transferee

Application for Scrip Fee Concession - Sample Application Letter from Transferor

Application for Scrip Fee Concession - Sample Application Letter from Client

10

Transfer Instruction (CMU) to HKSCC

Transfer Instruction Form - Exchange Fund Notes, Government Bonds, Specified Instruments or CMU Instruments - Receive "Delivery Versus Payment" Instruction

Transfer Instruction Form - Exchange Fund Notes, Government Bonds, Specified Instruments or CMU Instruments - Receive "Free of Payment" Instruction

Transfer Instruction Form - Exchange Fund Notes, Government Bonds, Specified Instruments or CMU Instruments - Deliver "Delivery Versus Payment" Instruction

Transfer Instruction Form - Exchange Fund Notes, Government Bonds, Specified Instruments or CMU Instruments - Deliver "Free of Payment" Instruction

Transfer Instruction Cancellation Form - Exchange Fund Notes, Government Bonds, Specified Instruments or CMU Instruments - Cancel Receive "Delivery Versus Payment" Instruction

Transfer Instruction Cancellation Form - Exchange Fund Notes, Government Bonds, Specified Instruments or CMU Instruments - Cancel Receive "Free of Payment" Instruction

11

Foreign Securities Withdrawal Instruction to HKSCC

Foreign Securities Withdrawal Form

12

Cross-border Transfer Instruction (Foreign Securities) to HKSCC

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

13

Transfer Instruction to HKSCC (for delisted stock)

Transfer Instructions (for transfer of delisted stock)

14

ETP Book-entry Deposit Request to HKSCC/HKCAS

Book-entry Deposit and Credit Authorisation Form

Unit Creation Confirmation Letter

15

ETP Book-entry Withdrawal Request to HKSCC/HKCAS

Book-entry Withdrawal and Debit Authorisation Form

Debit Confirmation Form and Cancellation of Units Instruction Letter

16

ETP Daily Reconciliation to HKSCC/HKCAS (with share registrar)

ETP - Letter of Daily Reconciliation (with share registrar)

Membership Management

HKSCC

17

Stock Account Mapping Maintenance to HKSCC for the Use of Shanghai and Shenzhen Stock Connect

Stock Account Mapping Maintenance Form for the Use of Shanghai and Shenzhen Stock Connect

18

Special Segregated Account and Designated Executing Broker Maintenance Request to HKSCC

Special Segregated Account and Designated Executing Broker Maintenance Form

19

Change of Company Name

Change of Company Name Form

20

Stock Segregated Account - Without Statement Maintenance Request to HKSCC

Stock Segregated Account Maintenance Form – Without Statement

21

Standing Instruction to HKSCC for Settlement of Intra-day Marks, Intra-day Margin and Intra-day Mainland Settlement Deposit by CPI

Standing Instruction for Settlement of Intra-day Marks, Intra-day Margin and Intra-day Mainland Settlement Deposit by CHATS Payment Instruction (CPI)

HKCC /SEOCH

22

DCASS Account Maintenance Request to HKCC/SEOCH

DCASS Account Maintenance Form (HKCC)

Maintenance of OBEP Individual Client Account Form

23

DCASS User Account Maintenance Request to HKCC/SEOCH

DCASS User Account Maintenance Form

Application Form for DCASS/CCMS Terminal

24

Selected Currency Designation Request to HKCC/SEOCH

Selected Currency Designation Form

25

CCMS Collateral Account Designation for Marks, Margin and Concentration Collateral Collection by SEOCH

CCMS Collateral Account Designation Form for Marks, Margin and Concentration Collateral Collection by SEOCH

26

Notification to HKCC of Execution of physical Delivery Agent Agreement

Notification of Execution of Physical Delivery Agent for Physically Settled Metal Futures Contract - HKCC

27

Depository Account Notice to HKCC

Depository Account Maintenance Notice for Physically Settled Metal Futures Contract - HKCC

28

Notification to HKCC of Termination of Physical Delivery Agent Agreement

Notification of Termination of Physical Delivery Agent for Physically Settled Metal Futures Contract - HKCC

SEHK /HKSCC

29

CCEP/CCCP Application for the Use of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect

Registration for the Use of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect

Confirmation of Readiness for the Use of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect

Undertaking for the Use of Shanghai-Hong Kong Stock Connect

Undertaking for the Use of Shenzhen-Hong Kong Stock Connect

HKSCC /HKCC /SEOCH

30

Change of Authorised Signatories

Change of Authorised Signatories Form

31

Update Bank Account

Additional/ Change of HKD Designated Bank Account Form

Change of USD Designated Bank Account Form

Change of RMB Designated Bank Account Form

Setup of USD Designated Bank Account Form

Setup of RMB Designated Bank Account Form

Change of Designated/Settlement Bank Account Form

32

Change of Company Particulars and Contact Persons

Change of Account Information Form

Change of CCMS / DCASS Contact Persons Form

33

Smartcard Maintenance for User and DA

User Profile for Delegated Administrator (DA)

Smartcard Request Form for CCASS/CCMS User

Report Loss of Smartcard

34

Smartcard Maintenance for user (PG or Special Request)

Smartcard User Profile List

35

Order Smartcard Reader(s)

Order Form for Smartcard Reader(s)

36

Request for Retrieving DCASS/CCMS/CCASS Reports and Data Files

Report Reprint Request Form

Request for Retrieving DCASS/CCMS Reports and Data Files Form

Technical setup

HKCC /SEOCH

37

DCASS/OAPI Connectivity Test Confirmation Request to HKCC / SEOCH

DCASS Server and/or DCASS OAPI Connectivity Test Confirmation

38

DCASS OAPI Certification Test Application/Confirmation Request to HKCC/SEOCH

DCASS OAPI Certification Test Application/Confirmation Form

39

DCASS OAPI Program Readiness Declaration Request to HKCC/SEOCH

DCASS OAPI Program Readiness Declaration Form

40

Request to HKCC/SEOCH for accessing DCASS OAPI Testing Environment

Request Form for accessing DCASS OAPI Testing Environment

41

DCASS Production / Testing Line Application and/or Change of Bandwidth Notification to HKCC/SEOCH

DCASS Central/Network Gateway/Testing Line Application and/or Change of SDNet Bandwidth Notification Form

HKSCC /HKCC /SEOCH

42

CCASS/CCMS SDNet Line Service Notification

CCASS/CCMS SDNet Line Service Notification Form for HKSCC/HKCC/SEOCH Participants/HKSCC Designated Banks

HKSCC

43

PG Acquisition Confirmation Reply to HKSCC

PG Acquisition Confirmation Reply and Explanatory Notes

 

CONTACT US:

Email: ClientConnect@hkex.com.hk

 

DISCLAIMER

HKEX and/or its subsidiaries endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon information contained in this information sheet.



Updated 22 Nov 2018

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