Examples of HKSCC in a sentence
For settlement of China Connect Securities trades, ChinaClear will debit or credit the securities accounts of its participants (including HKSCC as clearing participant) on the Trading Day on which the order is made (“T day”) free of payment.
All actions taken by Galaxy International Securities, the Stock Exchange, the SEOCH or the HKSCC in accordance with such Governing Rules shall be binding on the Client.
Under current Mainland China regulations, China Connect Securities will be recorded in a nominee account opened by HKSCC with ChinaClear and the Client’s title or interests in, and entitlements to, China Connect Securities (whether legal, equitable or otherwise) will be subject to Applicable Requirements, including laws relating to any disclosure of interest requirement or foreign shareholding restriction.
HKSCC will in turn distribute the China Connect Securities and/or monies recovered to clearing participants on a pro-rata basis as prescribed by the relevant Stock Connect Authorities.
All Transactions under the Account shall be effected in accordance with all Governing Rules including without limitation rules and regulations of the Stock Exchange, the SFC, the Futures Exchange, the Regulators, the Clearing House, HKSCC and the laws of Hong Kong, as may be amended from time to time.