Examples of CSDCC in a sentence
A Fund’s ownership interest in Stock Connect securities will not be reflected directly in book entry with CSDCC and will instead only be reflected on the books of its Hong Kong sub- custodian.
CSDCC has established a risk management framework and measures that are approved and supervised by the CSRC.
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.
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.
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.