Clearing and Settlement (Stock Connect Northbound)
Clearing and Settlement Services
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Fee Nature
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Transaction Nature
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Fee Amount
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Stock clearing fee
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China Connect securities trade
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Nil
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SI transaction
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SI input/amendment/revocation
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HK$1 per input
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STI transaction
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STI input by Clearing Participant or Custodian Participant(Movement of eligible securities of SSAs under the same participant)
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HK$1 per input
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Stock settlement fee
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China Connect securities trade
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Nil
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SI transaction
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Broker-custodian transaction
(with trade value data input)
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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
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Broker-custodian transaction
(without trade value data input)
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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 value calculated at nominal prices of the previous trading day.
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Other SI transactions
(e.g. portfolio movement)
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Transfer Fee
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China Connect securities trade
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0.002% of gross value of a China Connect Securities Trade
Notes:
This fee is in addition to any transfer fee payable by a China Connect Clearing Participant under Rule 14A11 and Rule 14B11 of the Rules of the Exchange. |
Notes:
SI-Settlement Instruction
STI-Stock Segregated Account Transfer Instruction
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 due to such reasons as may be specified by HKSCC from time to time.
Please refer to section 21 of CCASS Operational Procedures for the complete fee schedule of HKSCC.
Electronic Money Settlement Services
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Fee Nature
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Transaction Nature
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Fee Amount
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Money settlement fee
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China Connect securities trade
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HK$0.50 for HKD items, CNY items and USD items for each CPI issued by HKSCC for transactions settled on a DVP basis
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SI transaction
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HK$0.50 for HKD items, CNY items and USD items for each EPI issued by HKSCC for transactions settled on a DVP basis
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Other miscellaneous amounts to be paid to or collected from participants
(e.g. mainland settlement deposit and mainland security deposit)
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HK$0.50 for HKD items, CNY items and USD items for each DDI/DCI issued by HKSCC
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Cash prepayment service fee
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For releasing securities-on-hold at the request of a China Connect Clearing Participant
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HK$100 per cash prepayment instruction processed
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Notes:
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SI - Settlement Instruction
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DDI - Direct Debit Instruction
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DCI - Direct Credit Instruction
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EPI - Electronic Payment Instruction
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DVP - Delivery versus Payment |
Please refer to section 21 of CCASS Operational Procedures for the complete fee schedule of HKSCC.
Depository and Nominee Services
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Fee Nature
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Transaction Nature
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Fee Amount
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Special Segregated Account Maintenance Fee
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A full month’s fee will be charged for the months of opening and closing such Special Segregated Account.
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HK$50 per month per account
Notes:
This fee is waived until further notice.
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Portfolio fee
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For China Connect Securities held or recorded in CCASS.
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Accrued daily at fixed cumulative percentage per annum on the total daily stock portfolio value of China Connect Securities per Participant.
- 0.008% per annum for the first HK$50 billion;
- 0.007% per annum for the next HK$200 billion (portfolio values above HK$50 billion and up to HK$250 billion);
- 0.006% per annum for the next HK$250 billion (portfolio values above HK$250 billion and up to HK$500 billion);
- 0.005% per annum for the next HK$250 billion (portfolio values above HK$500 billion and up to HK$750 billion);
- 0.004% per annum for the next HK$250 billion (portfolio values above HK$750 billion and up to HK$1,000 billion);
- 0.003% per annum for the remainder (portfolio values above HK$1,000 billion).
Notes:
Fee calculated on aggregate daily stock portfolio value in Stock Accounts of each Participant and collected on a monthly basis.
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Notes: Please refer to section 21 of CCASS Operational Procedures for the complete fee schedule of HKSCC.