BCAN definition
Examples of BCAN in a sentence
If the Client holds any joint account with any other Client of Galaxy International Securities, the Client acknowledges that Galaxy International Securities will assign a separate BCAN to such joint account, and the CID of both the Client and the joint holder(s) should be provided under the BCAN for such joint account.
If the necessary authorisation and consent from an investor in relation to the collection, storage, use, disclosure and transfer of his CID and / or BCAN cannot be obtained by Dah Sing Bank, or the investor's BCAN or BCAN-CID mapping is otherwise invalid or deficient, then Dah Sing Bank may only input Northbound Trading sell order (but not any buy order) for such investor.
For example, clients who are (or become) Mainland Investors are not permitted to hold a BCAN and shall be subject to restrictions or prohibitions from trading under Stock Connect, and this includes participation in voluntary corporate action.
If you hold any joint account with CSSS, CSSS will assign a separate BCAN to such joint account, and the CID of both you and the joint account holder(s) should be provided under the BCAN for such joint account.