Hong Kong: A-Shares - Improved settlement deadlines
LuxCSD1 advises customers that, effective
21 March 2016
the settlement instruction deadlines for A-Shares on the Shanghai-Hong Kong Stock Connect Programme will be improved.
The improved deadlines are part of LuxCSD’s ongoing commitment to enhance its settlement services.
Impact on customers
The free of payment settlement instruction deadlines for transactions for Morning and Afternoon settlement windows will be as follows:
Central European Time (CET)
| Instruction | Current deadline (Winter time) | New deadline from 21 March 2016 to 26 March 2016 (Winter time) | New deadline from 27 March 2016 to 29 October 2016 (Summer time) |
Morning settlement window Chinese A-Shares moving from Clearstream Banking2 to brokers and custodians | |||
| Deliveries free of payment | 22:00 SD-1 | 22:55 SD-1 | 23:55 SD-1 |
Afternoon settlement window Chinese A-Shares moving between brokers and custodians | |||
| Receipts/Deliveries free of payment | 06:55 SD | 10:55 SD | 11:55 SD |
Hong Kong time
| Instruction | Current deadline (Winter and Summer time) | New deadline from 21 March 2016 (Winter and Summer time) |
Morning settlement window Chinese A-Shares moving from Clearstream Banking to brokers and custodians | ||
| Deliveries free of payment | 05:00 SD | 05:55 SD |
Afternoon settlement window Chinese A-Shares moving between brokers and custodians | ||
| Receipts/Deliveries free of payment | 13:55 SD | 17:55 SD |
Further information
The Creation Link Guide – Hong Kong and related documentation will be updated accordingly.
For further information, customers may contact LuxCSD Client Services or their Relationship Officer.
------------------------------------------
1. LuxCSD refers to LuxCSD, société anonyme registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, Luxembourg, registered with the Trade and Company Register of Luxembourg, under number B. 154 449.
2. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for CBF customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.