Settlement arrangements. Northbound Trading follows the settlement cycle of A shares listed on the relevant China Connect Market. 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. Galaxy International Securities may have settlement arrangements in place that are different from the ChinaClear settlement arrangements. Unless Galaxy International Securities agrees to prefund, settlement of funds relating to such trading will be effected on the Trading Day following T day (“T+1 day”).
Settlement arrangements. Unless the Commitment Termination Date has occurred, Collections that would otherwise be payable to the Company may be applied as payment for all or part of any Further Instalment under any Further Notice that is payable by the Company on the day the Collections are payable to the Company.
