Examples of CSDC in a sentence
This market mechanism is similar to some CCP-based European electronic platforms (Mancini, Ranaldo, and Wrampelmeyer, 2016).Furthermore, unlike on the interbank market, the CSDC unilaterally sets the collateral pool (i.e., the list of securities eligible as collateral) and haircuts on a daily basis.
As to the withholding tax having been paid abroad, an individual investor may file an application for tax credit with the competent tax authority of CSDC with an effective credit document.
Upon attribution, the Restricted Shares will be registered with the CSDC under the Participant’s name.
Individual investors may, by producing valid tax payment certificates, apply to the competent tax authority under the CSDC for tax credit relating to the withholding tax already paid abroad.
The main reasons that the CSDC appears to rely primarily on credit ratings when setting the conversion rates include the transparency and third-party objectiveness of credit ratings, as well as the poor secondary market liquidity.