China Connect Securities Trade definition

China Connect Securities Trade means a trade in China Connect Securities (including Special China Connect Securities) executed on a China Connect Market through an SEHK Subsidiary under a Trading Link;
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China Connect Securities Trade means a trade in China Connect Securities (including Special China Connect Securities) executed on a China Connect Market through the SEHK Subsidiary under a Trading Link;“Clearing Agency Participant”means a Participant admitted to participate in CCASS as a Clearing Agency Participant. Where applicable, references in the Rules to “Clearing Agency Participant” shall be construed to include the Clearing Agency Participant in its capacity as a China Connect Clearing House;“Clearing Agency Transaction”means a transaction other than an SI Transaction between (i) a Participant other than an Investor Participant or in the case of a GCP, including its NCP, and (ii) a Clearing Agency Participant for settlement in CCASS as referred to in Rule 902. For the avoidance of doubt, a Clearing Agency Transaction does not include an Exchange Trade, one of the parties to which has been substituted by a Clearing Agency Participant under Rule 901;“Clearing Agreement”means a written agreement between an NCP and a GCP made pursuant to Rule 4001 or between a Special Participant and a China Connect Clearing House made pursuant to Rule 4205;“Clearing House of HKAB” or “Clearing House”means the clearing house of The Hong Kong Association of Banks managed by Hong Kong Interbank Clearing Limited for the clearance of payment transactions between its members (which include the Designated Banks);“Clearing Link”means any cross-boundary arrangement that may be entered into by HKSCC with a China Connect Clearing House as referred to in Rule 4101 or Rule 4201;“Clearing Links Agreement”means an agreement that may be entered into by HKSCC with a China Connect Clearing House relating to a Clearing Link;
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China Connect Securities Trade means a trade in China Connect Securities
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Examples of China Connect Securities Trade in a sentence

  • Each Market Contract between the relevant China Connect Clearing Participant and HKSCC arising from the Novation of the China Connect Securities Trade as described in this Rule 4106 shall be settled by the China Connect Clearing Participant in accordance with the Rules with HKSCC in its capacity as participating clearing house of the China Connect Clearing House.

  • HKSCC, in its capacity as participating clearing house and also a clearing participant of the China Connect Clearing House, will in turn settle the relevant rights and obligations between HKSCC and the China Connect Clearing House arising from the China Connect Securities Trade as described in this Rule 4106 in accordance with the rules of the China Connect Clearing House, subject to any Clearing Link Agreement which HKSCC may have entered into with such China Connect Clearing House.

  • HKSCC Insolvency EventFor the purposes of this Rule, references to “Market Contract” mean a Market Contract other than a contract between HKSCC and a China Connect Clearing Participant arising as a result of the Novation of a China Connect Securities Trade to be settled under the CNS System.

  • In respect of a China Connect Securities Trade with a China Connect Clearing Participant on one side or each of the two sides of the trade, there shall be created through Novation, simultaneous with the multilateral net settlement process of the relevant China Connect Clearing House, a Market Contract between HKSCC and the China Connect Clearing Participant as described in Rule 4106.

  • In respect of a China Connect Securities Trade with a China Connect Clearing Participant on one side or each of the two sides of the trade, there shall be created through Novation, simultaneous with the multilateral net settlement process of the China Connect Clearing House, a Market Contract between HKSCC and the China Connect Clearing Participant as described in Rule 4106.

  • Except expressly provided for under these Rules, HKSCC, the Exchange and HKEx and their respective directors, employees and agents shall not be liable for any obligation with respect to any China Connect Securities Trade, and all obligations and liabilities in relation to or arising from any China Connect Securities Trade, the holding of any China Connect Securities or the use of any China Connect Clearing Service by a Participant shall be borne by the Participant concerned.

  • Subject to the Rules, China Connect Securities Trades are to be cleared and settled in CCASS under the CNS System and any China Connect Securities Trade which has been accepted by HKSCC for settlement under the CNS System will be binding on the China Connect Clearing Participants concerned.

  • For the purposes of this Section, (i) references to “Eligible Securities” mean Eligible Securities other than China Connect Securities; and (ii) references to “Market Contract” mean a Market Contract other than a contract between HKSCC and a China Connect Clearing Participant arising as a result of the Novation of a China Connect Securities Trade to be settled under the CNS System.

  • A Buy-in trade executed by HKSCC or an authorized broker on behalf of the short China Connect Clearing Participant on the relevant China Connect Market via a Trading Link will be subject to the usual settlement period of a China Connect Securities Trade, will go through the substitution process (where applicable) and normal novation, daily netting and cross day netting processing and will be settled in the CNS System.

  • Hong Kong Law, provided that, in the case of a China Connect Securities Trade, the Market Contract between HKSCC and the relevant China Connect Clearing Participant is created on the same terms as the rights and obligations created pursuant to the rules of the relevant China Connect Clearing House – see CCASS Rule 4106.

Related to China Connect Securities Trade

  • Securities System means the Federal Reserve Book-Entry System, a clearing agency which acts as a Securities Depository, or another book entry system for the central handling of securities (including an Eligible Securities Depository).

  • Securities Trading Act means the Securities Trading Act of 2007 no.75 of the Relevant Jurisdiction.

  • Direct Registration System means the system for the uncertificated registration of ownership of securities established by The Depository Trust Company ("DTC") and utilized by the Depositary pursuant to which the Depositary may record the ownership of ADRs without the issuance of a certificate, which ownership shall be evidenced by periodic statements issued by the Depositary to the Holders entitled thereto. For purposes hereof, the Direct Registration System shall include access to the Profile Modification System maintained by DTC which provides for automated transfer of ownership between DTC and the Depositary.

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • EU Securitization Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017.

  • securities regulatory authority or “SRA” means a body created by statute in any Canadian or foreign jurisdiction to administer securities law, regulation and policy (e.g. securities commission), but does not include an exchange or other self regulatory entity;

  • CCMA means the Commission for Conciliation, Mediation and Arbitration established in terms of section 112 of the Labour Relations Act, 1995;

  • central securities depository or ‘CSD’ means a central securities depository as defined in point (1) of Article 2(1) of Regulation (EU) No 909/2014.

  • NYSE American means the NYSE American LLC;

  • Securitisation Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012, as such may be amended, supplement or replaced from time to time;