Master SPSA Holder definition

Master SPSA Holder means Master Special Segregated Account Holder, as defined in the rules of CCASS.

Master SPSA Holder means an entity which has been assigned with a Master SPSA ID for using the services for Special Segregated Accounts mapped to the Master SPSA ID;

Master SPSA Holder means an entity which has been assigned with a Master SPSA ID for using the services for Special Segregated Accounts mapped to the Master SPSA ID; “ Master SPSA ID” m eans a 6-digit investor identification number in CCASS assigned to a Master SPSA Holder pursuant to the terms and conditions (as approved by the Commission from time to time) governing the use of the services for Special Segregated Accounts mapped to a Master SPSA ID; “ SPSA ID” m eans a 6-digit investor identification number assigned to a Special Segregated Account;

Examples of Master SPSA Holder in a sentence

• As one Master SPSA Holder can apply for more than one Master SPSA ID, the same CCEP(s) can be designated for all or some of its Master SPSA IDs.

• It refers to a breakdown of the sell quantity per SPSA provided to CCEPs by Master SPSA Holder prior to trade.

• A Master SPSA Holder will only need to instruct its Custodian Participants or non-EP GCP to transfer the relevant China Connect Securities from its SPSA to its designated broker’s account after execution and not before placing the sell order.

• For any CCEPs or China Connect Clearing Participants (“CCCP”) who would like to apply for the Master SPSA service, they will be in the capacity as a Master SPSA Holder and subject to the Terms and Conditions of the Services for Master SPSA Holder.

• The Terms and Conditions of the Services for Master SPSA Holder are bilaterally binding between the Master SPSA Holder and HKSCC.

• CCEPs should ensure that they have received pre- allocation instructions from the Master SPSA Holder in respect of the relevant China Connect Securities before inputting a Master SPSA order into the CSC.

• If, however, any CCEP to be mapped to a Master SPSA ID has assigned BCAN at the fund level, the Master SPSA ID can only be used exclusively for a particular fund designated by the Master SPSA Holder.

• Master SPSA Holder should notify the designated CCEPs to use the Master SPSA ID for placing sell order, or else the order will be rejected if SPSA ID is used.

• Where a Special Segregated Account is mapped by a Master SPSA Holder to a Master SPSA ID, HKSCC will notify the relevant Custodian Participant or the relevant GCP which is not an Exchange Participant of such mapping information and any changes thereto as provided by the Master SPSA Holder.

• The Master SPSA Holder can then map the existing unique 6- digit SPSA investor identification numbers assigned by CCASS (“SPSA ID”) to the assigned Master SPSA ID, and designate at most 20 China Connect Exchange Participants (“CCEPs”) as its executing brokers for such Master SPSA ID.

More Definitions of Master SPSA Holder

Master SPSA Holder has the same meaning as defined in the CCASSHKSCC Rules;

Master SPSA Holder means an entity which has been assigned with a

Master SPSA Holder means Master Special Segregated Account Holder, as defined in the CCASS China Connect Rules.