CSDCC definition
Examples of CSDCC in a sentence
Any China A-shares or other permissible securities acquired for a Portfolio through the QFII investment quota of a QFII will be maintained by the QFII’s custodian, in electronic form via a securities account in such name as may be permitted or required in accordance with PRC law with CSDCC.
For settlement of China Connect Securities trades, CSDCC will debit or credit the securities accounts of its participants (including HKSCC as clearing participant) on T day free of payment.
CSDCC has established a risk management framework and measures that are approved and supervised by the CSRC.
Although the likelihood of a default by CSDCC is considered to be remote, investors should be aware of this arrangement and of this potential exposure before engaging in Northbound trading.
Under current PRC regulations, China Connect Securities will be recorded in a nominee account opened by HKSCC with CSDCC and Northbound investors have rights and interests in China Connect Securities acquired through China Connect according to the applicable laws.