Hong Kong Monetary Authority

CMU Reference Manual – Appendix

CMU Reference Manual

Appendix

Sep 2024 Version 2.8

Hong Kong Monetary Authority
Central Moneymarkets Unit

Appendices

Part I - General Information for Membership with the CMU

A. Membership Maintenance Forms
B. Daily Operational Timetable

Part II - Clearing and Settlement Services

F. Lodgement and Withdrawal Forms
G. CMU BID Forms, EFCS Tender Forms and Underwriting Arrangement
H. Government Bond Swap Facility and Switch Tender
I. Securities Transfer
J. Custodial Services
K. Southbound Bond Connect Services

Part III - Collateral Management

L. Collateral Management
M. Securities Lending & Borrowing Programme
N. Bank Repo

Part IV - Linkage Services with ICSDS/ CSDS

P. Linkage Services with International Central Securities Depository
Q. Bilateral Linkage with Australia
R. Bilateral Linkage with South Korea
S. Linkage Service with Central Clearing and Settlement System
(“CCASS”)
T. Northbound Bond Connect Linkage Services

Part V - CMU Fund Order Routing and Settlement Services

W. CMU Fund Order Routing and Settlement Services
Hong Kong Monetary Authority
Central Moneymarkets Unit

Part I – General Information for

Membership with the CMU

1
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix A.1

A.1 CMU Membership Application Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From :
Name of Institution

We request for your approval for ___________________________________ (Name of Application)

to be admitted as a Members of the Central Moneymarkets Unit Service (CMU Service). We
understand that the continuation of a CMU Membership is subject to the CMU Member’s
compliance with the CMU Rules from time to time prescribed by the Monetary Authority. The
Monetary Authority may suspend or terminate the membership of a CMU Member in the event of a
breach of any of the CMU Rules.

Applicant Institution :

Place of Incorporation

Member Code
(please select a four letter code) :

Address:

Telephone :

Facsimile :

Name(s) of person(s) to contact in

respect of this application :

e-mail address :

_________________________
Authorized Signature(s)
Company Chop
 Appendix A.2

A.2 Specimen Letter for applying a Recognized Dealer

(COMPANY’S LETTERHEAD)

< Date >

Hong Kong Monetary Authority

Monetary Operations Division
55th Floor, Two International Finance Centre,
8 Finance Street,
Central,
Hong Kong

(Attn: Head of Monetary Operations)

RE: APPLICATION FOR BEING A RECOGNIZED DEALER

FOR HONG KONG EXCHANGE FUND BILLS, NOTES
AND GOVERNMENT BONDS

We are writing to apply for being a Recognized Dealer for Hong Kong Exchange
Fund Bills, Notes and Government Bonds. Our full name is:

<COMPANY’S FULL NAME>

We look forward to hearing from you soon. In the meantime, should you have any
question, please do not hesitate to contact Mr/Ms at <Telephone number>.

___________________________
Authorized Signature(s)
Company Chop

1
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix A.3

A.3 Record of Authorized Signatures

(New / Add / Delete*)
To : Hong Kong Monetary Authority Date: ________________

Facsimile : (852) 2878 1676-7

Email : [email protected]

Name of Participant :_________________________________________________________

Member Code :__________________ Telephone Number : _________________________

Address :__________________________________________________________________

A. Specimen wet-ink signatures of our authorized signatories:

The following persons are authorized to sign for and on behalf of us under the Central Moneymarkets
Unit Service.

We refer to our list of authorized signature dated ___________________ and wish to add / delete* the
following authorized signatories with effect from ____________________.

AUTHORIZED SIGNATURE AND/OR STAMP(1) AUTHORIZED SIGNATURE AND/OR STAMP(2)

NAME AND TITLE (IN BLOCK LETTERS) NAME AND TITLE (IN BLOCK LETTERS)

AUTHORIZED SIGNATURE AND/OR STAMP(3) AUTHORIZED SIGNATURE AND/OR STAMP (4)

NAME AND TITLE (IN BLOCK LETTERS) NAME AND TITLE (IN BLOCK LETTERS)

AUTHORIZED SIGNATURE AND/OR STAMP(5) AUTHORIZED SIGNATURE AND/OR STAMP (6)

NAME AND TITLE (IN BLOCK LETTERS) NAME AND TITLE (IN BLOCK LETTERS)

AUTHORIZED SIGNATURE AND/OR STAMP(7) AUTHORIZED SIGNATURE AND/OR STAMP (8)

NAME AND TITLE (IN BLOCK LETTERS) NAME AND TITLE (IN BLOCK LETTERS)

AUTHORIZED SIGNATURE AND/OR STAMP(9) AUTHORIZED SIGNATURE AND/OR STAMP (10)

NAME AND TITLE (IN BLOCK LETTERS) NAME AND TITLE (IN BLOCK LETTERS)

SIGNING INSTRUCTIONS: (e.g. any one or any two of the above authorized signatures)

Page 1 of 3
Hong Kong Monetary Authority
Central Moneymarkets Unit

B. Specimen digital signatures of our authorized signatories (optional)

For first time registration of digital signatures

We advise that we will also use digital signatures to communicate with the CMU. The list of names in this
section B can be the same as or the sub-set of names present in section A. The soft copies of the digital
signatures of the following names are attached in separate pdf document(s) (per p.3 of this Appendix A.3)
for your record. One pdf document is provided for each authorized signatory.

We confirm that our digital signatures are valid and enforceable and comply with the Electronic Transactions
Ordinance (ETO). We assure the MA that the digital signature system we use is sufficiently reliable and
secure. Our digital signatures are supported by:

________________________________________________________
(name of the Certification Authority #)

Name Title Name Title

(1) (2)

Certificate Serial No.: Certificate Serial No.:

(3) (4)

Certificate Serial No.: Certificate Serial No.:

(5) (6)

Certificate Serial No.: Certificate Serial No.:

For addition and/or deletion of digital signatures

We refer to our list of digital signatures dated ___________________ and wish to add and/or delete the
following digital signatories with effect from ____________________. The soft copies of the added digital
signatories are attached in separate pdf document(s) (per p.3 of this Appendix A.3) for your record. One pdf
document is provided for each authorized signatory.

Name Title Name Title

(1) (2)

Certificate Serial No.: Certificate Serial No.:

add / delete* add / delete*
(3) (4)

Certificate Serial No.: Certificate Serial No.:

add / delete* add / delete*
(5) (6)

Certificate Serial No.: Certificate Serial No.:

add / delete* add / delete*

__________________________
Authorized Signature(s)
Company Chop
* Please delete as inappropriate
#
List of Recognised Certification Authorities under the ETO:
https://www.ogcio.gov.hk/en/our_work/regulation/eto/ordinance/ca_in_hk/

Page 2 of 3
Hong Kong Monetary Authority
Central Moneymarkets Unit
If the digital signature is not supported by a recognized Certification Authority under the ETO, the MA
reserves the right not to accept digital signature from a Certification Authority not recognized under the
ETO.

CMU Member Code :________________________________________________________

Name and Title :________________________________________________________

Specimen digital signature:

Page 3 of 3
Hong Kong Monetary Authority Appendix A.4
Central Moneymarkets Unit

A.4 Membership Maintenance Form

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
We refer to the appointment of Recognized Dealer/Membership of the CMU
Service, the following are the information of our institution:

Type of Institution

Full Licensed bank Restricted Licensed Bank

Deposit Taking Company Others ________________
Licensed Corporations (regulated by SFC) (Please specify)

Place of Incorporation: _____________________________________________________

Legal Entity Identifier (LEI):

Exchange Fund Clearing and Settlement System

Contact Person :
Telephone number :
Facsimile number :
Address :

Group/individual e-mail :

CMU Service

Contact Person :
Telephone number :
Facsimile number :
Address :

Group/individual e-mail :

Direct Participants of HKD/USD/EUR/CNY* RTGS System

Yes, Clearing Code : ____________ No.

Foreign Account Tax Compliance Act (FATCA) information

1. Is your organization a Foreign Financial Institution (FFI) for FATCA purposes?

Yes No
Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit

Appendix A.4

2. If your answer to item 1 above is yes, is your organization one of the following
(please chose one below). Otherwise, please skip to item 4:

A Reporting FFI in a Model 2 or Model 1 IGA jurisdiction

A Non-Reporting FFI in a Model 2 or Model 1 IGA jurisdiction
A Participating FFI or a Registered Deemed Compliant FFI in a non-IGA
jurisdiction
A Certified Deemed Compliant FFI in a non-IGA jurisdiction
An Exempt Beneficial Owner
A Nonparticipating FFI or Limited FFI
Other (please specify:
_____________________________________________ )

3. Please provide the Global Intermediary Identification Number (GIIN) in relation

to FATCA if your organization has already obtained a GIIN.

GIIN of my Organization: _________________________________________

4. If your organization is not an FFI, please confirm your Organization’s FATCA

status below:

Active NFFE
Passive NFFE
Specified U.S. Person
An Exempt Beneficial Owner
Other (please specify:
_____________________________________________ )

5. Is your organization an intermediary as defined under FATCA with respect to

any payment made by or through CMU?

Yes No

Authorized Signature(s) or Test Number on no

Company Chop amount

* Please circle as appropriate

Page 2 of 2
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix A.5

A.5 Opening / Maintenance of Specific Custody Accounts Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

On behalf of our clients, whose details are given below, we request that clients’
accounts be opened / amended* in the CMU register in their names. We certify
that we have been authorized by them individually to operate their respective
accounts, when opened, from time to time.

Name of Client Assigned For

(in block letters and limit to 50 characters) Code # Northbound
(new code to be Bond
agreed with Connect
CMU)
only
(Y/N)

* Delete as appropriate
# Existing special custody account number is not transferable. If the client no longer exists for that
specific account number, you must close that account and cannot re-use that account number for
another client.

Foreign Account Tax Compliance Act (FATCA) information

For specific client account, complete question 1 to 5. For omnibus account,
complete question 5 only.

1. Is your client a Foreign Financial Institution (FFI) for FATCA purposes?

Yes No

2. If your answer to item 1 above is yes, is your client one of the following
(please chose one below). Otherwise, please skip to item 4:

A Reporting FFI in a Model 2 or Model 1 IGA jurisdiction

Hong Kong Monetary Authority
Central Moneymarkets Unit
A Non-Reporting FFI in a Model 2 or Model 1 IGA jurisdictionAppendix A.5

A Participating FFI or a Registered Deemed Compliant FFI in a non-IGA

jurisdiction
A Certified Deemed Compliant FFI in a non-IGA jurisdiction
An Exempt Beneficial Owner
A Nonparticipating FFI or Limited FFI
Other (please specify:
_____________________________________________ )

3. Please provide the Global Intermediary Identification Number (GIIN) in relation

to FATCA if your client has already obtained a GIIN.

GIIN of my client: _________________________________________

4. If your client is not an FFI, please confirm your client’s FATCA status below:

Active NFFE
Passive NFFE
Specified U.S. Person
An Exempt Beneficial Owner
Other (please specify:
_____________________________________________ )

5. Is your client an intermediary as defined under FATCA with respect to any

payment made by or through CMU?

Yes No

Person to contact in case of query : ______________________ (Tel : _________________ )

or e-mail: __________________________________________________________

Authorized Signature(s) or Test Number on no

Company Chop amount

For use only by the Hong Kong Monetary Authority

Member’s code Client’s codes Accounts Signature(s)/Test No.

verified assigned opened verified
Hong Kong Monetary Authority
Appendix A.6
Central Moneymarkets Unit

Custody Account Opening Form for

General Custody Account - Retail Individual Investors
A.6 Custody Account Opening Form for General Custody Account - Retail Individual Investors

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We request to open a general custody account for our retail individual customers
who are eligible for exemption of CMU custodian fee.

Name of Client
CMU Member Code
(in block letters)

General Custody Account – Retail Individual ________801

Investors

Authorized Signature(s) or Test Number on no

Company Chop amount

N.B. Declaration for Exemption of CMU Custodian Fee for Retail Individual Investors
(Appendix A.7) must be submitted in conjunction with this appendix.
_______________________________________________________________________________

For use only by the Hong Kong Monetary Authority

Member’s Code Client’s code Account

verified assigned opened
Hong Kong Monetary Authority
Appendix A.7
Central Moneymarkets Unit

A.7 Declaration for Exemption of CMU Custodian Fees

for Retail Individual Investors

To : Hong Kong Monetary Authority Date : _____________________

55/F, Two International Finance Centre
8 Finance Street
Central
Hong Kong

Attn : CMU

Part I Identification of Entity

1. Name of the CMU Participant and member code

2. Address

Part II Certification

3. We certify that the beneficial owner(s) of the securities that are held in the following CMU
account(s) is/are individual(s), not corporations. We undertake to inform the CMU
immediately if the underlying clients cease to maintain account(s) (Not applicable to A/C
XXXX801) with us.

CMU Account No. Name

____________________________________
Authorized Signatures
Company Chop

4
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix A.8

A.8 Guideline for Exemption of Custodian Fees for Retail Investors

Qualification of retail investors:

Only individuals are eligible for the exemption.

Procedure for exemption:

1. In order to obtain exemption, CMU Participants must declare that their holdings on
behalf of their clients have fulfilled the above criterion.
2. The CMU Participants have to sign the “Declaration for Exemption of CMU
Custodian Fees – Retail Individual Investors” (Appendix A.7) to claim exemption of
custodian fees on debt securities held by retail investors.
3. Upon receipt of the form A.7 from the CMU Participants, the custodian fees of the
designated CMU “specific custody accounts” will be waived.
4. Besides claiming exemption through “specific custody account”, participants can choose
to safe-keep debt securities of all their eligible clients in the “general custody account” to
claim exemption. The “General Custody Account – Retail Individual Investors”
(XXXX801) is reserved for the purpose. Please return Appendix A.6 together with A.7 to
the CMU should you wish to open such account.
5. Once the CMU Participants returned the completed declaration forms A.7 to the CMU
for account XXXX801, the CMU Participants undertake that holdings in this account by
their underlying clients are all individuals but not corporations.

Disclosure to retail investors:

CMU Participants have to disclose to their clients the exemption of custodian fees by the
CMU, though CMU Participants retain their right to charge their client the custodian fees.

5
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix A.9

A.9 Direct Debit Limit

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Settlement Bank Code

We have agreed with our client, ___________________________________________,

on the direct debit limit for their daily maximum settlement amount for the transactions
arising from the CMU. We have also received standing authorization from our client to
accept settlement instructions from the CMU.

The settlement details of our client are as follows:

Account Name : _______________________________________________

Settlement Currency : _____________________________________________

Settlement Account
Number in our book : _______________________________________________

Initial Direct Debit Limit : _______________________________________________

______________________________
Authorized Signature(s)
Company Chop

6
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix A.10

Arrangement for Settling CMU Transactions with The

A.10
Monetary Authority / Settlement Institution / Clearing Bank

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We agree to settle *HKD/ USD/ EUR/ CNY transactions arising from CMU related
transactions with the Monetary Authority/ Settlement Institution/ Clearing Bank by
direct credit to or debit from our settlement account specified below, on instructions
from the Monetary Authority/ Settlement Institution/ Clearing Bank.

Name of Settlement Bank : _______________________________

Settlement Currency : _______________________________

Our Account Number

with the Settlement Bank : _______________________________

Contact Person and

Phone Number : _______________________________

We have given standing authorization to the above bank to accept such instructions
from the Monetary Authority. We have also agreed with the above settlement bank
on the direct debit limit for our daily maximum settlement amount for transactions
arising from CMU. A direct debit limit form for our institution will be forwarded to
you directly from our settlement bank.

__________________________________
Authorized Signature(s)
Company Chop

* Please circle as appropriate

 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix A.11

A.11 Settlement Arrangement for MPF Money Settlement

Service with the Monetary Authority
(New / Amendment*)
To : Hong Kong Monetary Authority Date :
Facsimile : (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We agree to settle transactions arising from CMU MPF Money Settlement Service
(the Service) by direct credit to or debit from our settlement account(s) specified
below with effect from_________________. To facilitate payment of fees (if any)
incurred by us for using the Service, we also agree for the Monetary Authority (MA)
to debit the first account listed below for the purpose of monthly billing on the
specified billing date.

We also provide the MA with the name(s) we opened account(s) with our
settlement bank if it is not the same as the one we opened with the CMU.

Name of Settlement Bank Bank, Branch & Account Number New / Delete
(only support 9 digits for a/c no.)

1. - -

Bank account name :

2. - -

Bank account name :

3. - -

Bank account name :

4. - -

Bank account name :

5. - -

Bank account name :

6. - -

Bank account name :

Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
7. - -

Bank account name :

8. - -

Bank account name :

9. - -

Bank account name :

We have given standing authorization to the above bank(s) to accept such

instructions from the Monetary Authority. We have also agreed with the above
settlement bank(s) on the direct debit limit for our daily maximum settlement
amount for transactions (including billing) arising from the CMU.

_______________________________
Authorized Signature(s)
Company Chop

* Please delete as appropriate

Page 2 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix A.12

A.12 Confirmation of MPF Settlement Information

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Settlement Bank Code

We have agreed with our client, _______________________________________, on

the use of the below bank account(s) for payment instruction(s) arising from CMU MPF
Money Settlement Service provided by the CMU. We have also received standing
authorization from our client to accept settlement instructions from the MPF Money
Settlement Service.

The settlement details of our client are as follows:

Bank Account Name Bank, Branch & Account Number

1. - -

2. - -

3. - -

4. - -

5. - -

6. - -

7. - -

8. - -

9. - -

10. - -

______________________________
Authorized Signature(s)
Company Chop
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix A.13
A.13 CMU Related Payment Setting
To : Services Management Date :
Hong Kong Interbank Clearing Limited
(Facsimile no. (852) 2533 1123)

From : ( )
Name of Participant (Clearing Code/Member Code)
Please tick whichever appropriate:
Description CHATS
HKD USD Euro RMB
1. Generation of CMU related
payments (only applicable to a
Member who operates SAP
settlement account(s) of the
respective currencies and is a Yes No * Yes No* Yes No* Yes No*
CMU Participant):
 Automatic Generation of CMU
related payments to Normal
Queue / Pending Queue via
CHATS for the Member itself
 Automatic Generation of CMU
related payments to Normal
Queue / Pending Queue via
CHATS for the Member’s
clients

2. Receipt of Settlement
Notification for the following Yes No Yes No Yes No Yes No
transactions in SWIFT format
(pacs.009, camt.054):
 CMU Related Payment
 Intraday Repo
 DW/FPS DW/Overnight Repo

3. Receipt of Notification Message Yes No Yes No Yes No Yes No

in SWIFT format (pain.001) for:
 CMU Payment Notification

* Participant has to send the pacs.009 to HKICL if ticks “No” for generation of CMU related payments
Person to contact in case of query : (Tel: )

Authorized Signature(s)
Company Chop

2
Hong Kong Monetary Authority Appendix A.14
Central Moneymarkets Unit

A.14 Authorization For Collection of Testkey

To : Hong Kong Monetary Authority Date : ________________

Please let the bearer of this letter (whose signature appears below) have the
Testkey (to be delivered in a sealed envelope) for our use in sending instructions to
you in relation to Central Moneymarkets Unit Service.

________________________________ ________________________________
Authorized Signature(s) Bearer’s Signature
Company Chop

Name of CMU Participant : _____________________________________________

Member Code : ____________________________________

FOR USE ONLY BY THE HONG KONG MONETARY AUTHORITY

Code verified Signature(s) verified

Testkey handed over by : ________________________________________

Date : _________________________ Time : ______________________

Remarks:

Testkey collected by:

_______________________
Date:

3
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix A.15

A.15 SWIFT Registration for CMU Transaction

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We would like to register to use SWIFT to submit instructions and related messages to the
HKMA for CMU central matching and linkage transactions.

Our SWIFT BIC:_________________________________________________________

Account Numbers: All accounts under the above Participant

Account numbers (XXXXnnn):________________________

We would also like to register to receive the following outgoing SWIFT message from CMU:

Central Matching Services:

MT544 to MT547 (Confirmations)
MT548 (Settlement Status and Processing Advice)
End of Life
Intermediate (all statuses)
Intermediate (with unmatched and matched statuses only)
MT578 (Settlement Allegement)
Notification

Linkage Services:
MT508 (Intra-Position Advice)
MT544 to MT547 (Confirmations)
MT548 (Settlement Status and Processing Advice)
End of Life
Intermediate
MT578 (Settlement Allegement)
MT298 (Proprietary Message)
MT900/910 (Confirmation of Debit/Credit)
MT564, 566, 567, 568 (for CMU-Clearstream Link only)
HKMA use only
Statements: Signature (s)/Test No.
Verified by:
MT535 (Statement of Holdings)
MT536 (Statement of Transactions)
MT537 (Statement of Pending Transactions)
MT950 (Statement of Message)

Authorized Signature(s) or Test Number on no

Company Chop amount
 Appendix A.16

[ON THE LETTERHEAD OF THE USER]

[Insert Date]

The Chief Executive Officer

Hong Kong Interbank Clearing Limited
Unit B, 25/F MG Tower
133 Hoi Bun Road
Kwun Tong
Hong Kong

Dear Sir,

A.16 Local Terminal Service Invocation

We hereby notify you that we wish to make use of the Service as that term is defined
in the terms and conditions for using Local Terminal Service which specified in the
Local Terminal Activation Procedure version [version number to be inserted]
(“Conditions”).

In consideration of HKICL providing the Service, we hereby acknowledge our

irrevocable acceptance of the Conditions.

Pursuant to the Conditions, we hereby provide the following details:

Requested Commencement of Services:

[eMBT / eCMT / iCMT - to be inserted]

Name, position and Hong Kong Identification Card Number or Staff Identity Card of
User nominee:

[to be inserted]

Yours sincerely,

Authorised Signature(s)
Company Chop
Hong Kong Monetary Authority Appendix A.17
Central Moneymarkets Unit

A.17 Confirmation of Holdings

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Please confirm the following holdings as at the close of business on

__________________:

For CMU Account : _____________ in name of _______________________________________

(xxxxnnn)

Instrument Quantity Instrument Quantity

Number (in Mn) Number (in Mn)

Total Holdings:

___________ Mn

Authorized Signature(s) or Test Number on total

Company Chop Holdings

_______________________________________________________________________________

For use only by the Hong Kong Monetary Authority

Holdings Confirmed

To : __________________________________

Date : _________________________________ ________________________________

Authorized Signature(s)
Hong Kong Monetary Authority
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix B.1

B.1 Daily Operational Timetable

For HK dollar, US dollar, euro & renminbi Settlement
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position
12:00 noon  Retail EFNs
(one Distributors to
business submit non-
day before competitive
tender day) tender bids

3:00 p.m.  Deadline for

(one lodgement slip
business from
day before issuer/lodging
lodgement) agent.

8:30 a.m.  CMUP re-  Intraday Repo Period

opens starts for HK dollar /
US dollar / euro /
renminbi
 Overnight Repo
Period starts for
renminbi
 Special repurchase
run for FPS DW

11:00 a.m.  Collateralized lending

service - converting
any not re-purchased
US dollar and euro
Discretionary Intraday
Repo Transactions to
Overnight Repo
Transactions
10:00 a.m.  Cut-off time for  Mark-to-
receipt of Market
Eligible Bonds/ Operation run
Equivalent for Bank Repo
Requested transactions
Bonds by the
MA for Govt
Bond Swap
Facility

 Cut-off time for

receipt of
Redeemed
Bonds by the
MA for Govt
Bond Switch
Tender

10:30 a.m.  Tender cut-off

for CMU BID
 Deadline for
tendering of

Page 1 of 8
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position
(a) Exchange
Fund Papers
(b) Government
Bonds
(Institutional
Bond
Issuance
Programme)
and
(c) Specified
Instruments

11:30 a.m. Lodgement  Delivery of  On Day D+1, perform

 Credit of new new issue by interbank settlement
issue to new issuer/ lodging for MPF items.
issue account agent to
of issuer/ allottees
lodging agent.

Allotment of
(a) Government Settlement of
Bonds (both allotment will be in the
Institutional form of direct debit
Bond from the settlement
Issuance account of the
Programme allottee’s settlement
and Retail bank
Bond
Issuance
Programme)
(b) Specified
Instrument
subject to the
receipt of
funds and
(c) Replacement
Bonds under
the
Government
Bond Switch
Tender

11:47 a.m.  Commenceme  Substitution /  Settlement of CMU

nt of CMU Additional transactions upon
optimiser run purchase and successful
for same day sale in completion of the
secondary relation to CMU optimiser run.
market Securities
transactions Repo

12:00 noon  MA to inform

any defaulting
PDs by this
time (where
applicable)
(a) the amount to
be charged in
relation to a
Page 2 of 8
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position
Failed
Reversal for
Govt Bond
Swap Facility
(b) the amount to
be charged in
relation to a
Fail for Switch
Tender

2:30 p.m.  Automatic repurchase

of outstanding Bank
Repo.
 Automatic repurchase
of outstanding
(a) DW/FPS DW Repo
Transactions
(b) US dollar-/euro-
/renminbi-
Overnight Repo
Transactions if any

2:47 p.m.  Commenceme  Substitution /  Settlement of CMU

nt of CMU Additional transactions upon
optimiser run purchase and successful completion
for same day sale in of the CMU optimiser
secondary relation to run.
market Securities
transactions Repo

3:00 p.m.  Announcement

of GB’s tender
result (Reuters
page
HKGB001)

 Cut-off time for

submission of
Govt Bond
Swap Facility
Request for
T+1 settlement

3:45 p.m.  Funds for settlement

of coupon payment
and redemption will
be debited from the
settlement account of
paying agent for
income distribution
service
 Upon successful debit
of funds from paying
agent’s settlement
account, credit the
proceeds to the
settlement accounts
of holders.

Page 3 of 8
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position

4:00 p.m.  MA to confirm .  Converting any

PDs whether  Cut-off time DW/FPS DW Repo
their submitted for Bank Repo Transactions which
requests for purchase cannot be
Govt Bond request / repurchased into
Swap Facility cancellation permanent trade
are valid sent through
facsimile.  Converting Bank
 Allotment of Repo which cannot
Exchange Fund be repurchased into
Papers permanent trade.

 Converting any not

re-purchased US
dollar / euro /
renminbi Overnight
Repo Transactions
into permanent trade
or rolling it over to the
following day on
which US dollar, euro
and renminbi RTGS
systems open, as it
cannot be
repurchased

 Cancel payment for

unsuccessful debit of
funds from paying
agent’s settlement
account for income
distribution service

Page 4 of 8
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position
4:00 p.m.  Commencem  Securities
ent of CMU Repo  Settlement of
optimiser run repurchase for Investment Fund
for same day market order instructions
secondary making
market arrangement  Settlement of CMU
transactions for previous transactions upon
and money business day successful completion
settlement of of the CMU optimiser
investment  Securities run.
fund order Repo for
instructions market
 Posting of making
securities arrangement
transfer for for current
successful business day
CMU
optimiser run

 Continuation
of real-time
settlement

5:00 p.m.  Cut-off time for

correction of
manifest error in
Page 5 of 8
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position
the Confirmation
for Govt Bond
Swap Facility

5:30 p.m.  DW/Overnight Repo

Availability Period
starts for HK dollar /
US dollar / euro

6:00 p.m.  Deadline for  Bank repo cut-off

receiving
subscription  Cancel outstanding
applications Bank repo payment
from: request.
(a) Placing Banks
for Government
Bonds (Retail
Bond Issuance
Programme) on
the business
day immediately
after the closing
day
(b) HKSCC for
Government
Bonds (Retail
Bond Issuance
Progremme)
until closing day
+4

Page 6 of 8
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position
6:30 p.m.  Cut-off time for  Cut-off time  Intraday Repo Period
PDs to input for same day ends for HK dollar /
transfer value real- US dollar / euro
instruction for time
T+1 settlement securities  Automatic repurchase
for Govt Bond transfer, of outstanding HK
Swap Facility/ transmitted dollar / US dollar /
Switch Tender via CMT or euro Intraday Repo
SWIFT Transactions

 Conversion of  Converting any not

investment re-purchased HK
fund order dollar / US dollar /
routing only euro Intraday Repo
instruction Transaction to (as the
from case may be)
“confirmed” to (a) DW/FPS DW
“completed” Repo Transaction ; or
status (b) US dollar / euro
Overnight Repo
 Unsettled / Transaction if any
unmatched
transactions  Collateralized lending
to be carried service - converting
forward to the any not re-purchased
next value HK dollar and
date (if renminbi Intraday
applicable) by Repo Transactions to
the CMU Overnight Repo
system Transaction.

 Cancellation  DW / Overnight Repo

of unsettled Availability Period
securities ends for HK dollar /
transfer and US dollar / euro
unmatched
instruction
with expected
settlement
date more
than 10
calendar days

8:00 p.m.  Cut-off time

for
submission of
MPF payment
file

11:00 p.m.  Perform clearing of

MPF items

5:00 a.m. of  Cut-off time  renminbi Intraday

the next for real-time Repo Period ends
calendar house
day transfers  renminbi Overnight
Repo Period ends

Page 7 of 8
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of
Time Primary Issuance Daily Transfer Money Settlement
Short Position
 Automatic repurchase
of renminbi
outstanding Intraday
Repo Transactions

 Converting any not

re-purchased
renminbi Intraday
Repo Transaction to
renminbi- Overnight
Repo Transaction if
any

*5:15 a.m.  Same day-

of the next value
calendar unsettled
day value house transfer
date cut-off may be
carried
forward to the
next value
date (if
applicable) by
the CMU
system

 Cancellation
of any
unsettled real-
time house
transfer with
expected
settlement
date more
than 10
calendar
days.

* Remark: at 5:15 a.m. of the next calendar day or at such other time as determined by the MA
from time to time.

Page 8 of 8
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix B.2

B.2 Daily Operational Timetable For Foreign Currency (other

than US dollar, euro and renminbi) Settlement
Clearing of Short
Time Lodgement Daily Transfer Money Settlement
Position
3:00 p.m.  Deadline for
(one day lodgement slip
before from
lodgement) issuer/lodging
agent.

3:30 p.m.  Cut-off time for

(one day new issue DvP
before allotment
lodgement) instructions from
lodging agent and
allottees.

10:00 a.m.  Mark-to-  Funds for

Market settlement in
Operation run new issue DvP
for Bank allotment will be
Repo available in
transaction allottees’
accounts.

 CMU forwards
settlement
instructions for
new issue DvP
allotment to
agent bank.

11:00 a.m.  Cut-off time

for same day
value trading.

11:30 a.m.  Credit new issue  Delivery of  Agent bank

to new issue new issue to informs CMU of
account of allottees any allottee with
lodging agent. insufficient fund.

 Agent bank
confirms to CMU
money
settlement of
DvP new issue
allotment
completed.

11:30 a.m.  Inform the issuer  Funds in the

or lodging agent issuer’s account
on the status of for DvP new
the DvP issue allotment
allotment. will be released.

Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Clearing of Short
Time Lodgement Daily Transfer Money Settlement
Position
12:30 p.m.  Agent bank
informs CMU of
any members
with insufficient
fund for the DvP
settlement.
CMU will inform
participant to
arrange fund.

4:00 p.m.  Commencem  Participants  Settlement of

ent of the being informed payment for
CMU of their short coupon,
optimiser run positions in redemption
on secondary securities (when MA acts
market trade regarding the as the paying
of CMU secondary agent and for
Instruments trade income
distribution
 Posting of  Securities service)
securities transfer will be
transfer of rejected if  Settlement of
CMU short positions CMU transaction
Instruments still not upon successful
upon rectified. completion of
successful the CMU
completion of optimiser run
CMU
optimiser run  CMU informs
agent bank to
effect money
settlement for
DvP transaction

 Agent bank
confirms to CMU
money
settlement
completed for
DvP transaction.

6:30 p.m.  Conversion of

investment
fund order
routing only
instruction
from
“confirmed” to
“completed”
status

Page 2 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit

Part II – Clearing and Settlement

Services
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix F.1

F.1 Lodgement Slip

To : Hong Kong Monetary Authority Date:
Facsimile/Email: (852) 2878 1676-7 / [email protected]
From : ( )
Name of Lodging Agent Code
SECTION A: Lodgement Details

The following instrument is lodged in accordance with the CMU Rules. Details of the instrument are as follows:
CMU Instrument No. :
Issuer/Acceptor * :
Name of Issuer / Acceptor :
Type of Business :
Place of Incorporation :
(For FATCA purpose, this field is
mandatory for US issuer) :
Subject to FATCA withholding tax : Yes No
Guarantor (if any): :

Lead Manager/Arranger*
Name of Lead Manager / Arranger :

Paying Agent :

Instrument Type :

Issue Size (Currency and Amount) :

Total Lodgement Value :

Minimum Tradable Amount @ (if any) :

Multiple Tradable Amount @ (if any) :
Minimum Denomination @ (if any) :

Issue Date : Maturity Date :

Tenure : Issue Price :

Coupon Rate (p.a.) :

Global/Definitives*
(If Definitives, please specify
total number of Definitives) : No. (if any) :

Interest Calculation method : Actual/365(Fixed, adjusted), Actual/360, 30/360, 30E/360,

Actual/Actual, others*______________
If others, please specify :
Calculation of income proceeds
based on: per 1,000 unit per denomination per holdings

Business days as stated in the relevant

documentation of the issue :
If others, please specify :
Record Date : One business day prior to payment date
Others : _______________________________________
If calendar day basis, holiday adjustment for record date can
be backward / forward,
If not selected, the system default is backward convention.
Interest Payment Dates :

* Please select as appropriate

@ Information about (1) minimum tradable amount and multiple tradable amount, or (2) minimum denomination, must be provided if you would like this issue to be

considered by the Inland Revenue Department for eligibility for profits tax concession under sections 14A and 26A of the Inland Revenue Ordinance.

Page 1 of 4
Hong Kong Monetary Authority Appendix F.1
Central Moneymarkets Unit

Lodgement Slip
SECTION B: Other information on Instrument (please tick)

 CMU will apply an ISIN Number for domestic securities from Hong Kong Exchange and Clearing
Limited.
Please tick the box if you do NOT wish us to do so.

ISIN Number : ____________________________ (Please advise if already have ISIN)

 CMU will apply a Common Code to facilitate clearing by Euroclear and Clearstream.

Please tick the box if you do NOT wish us to do so.

Common Code : _________________________ (Please advise if already have Common Code)

 Bearer Registered

 Issuance Facility : Yes, please specify (e.g. MTN) :____________________________

`
No
 Governing Law:________________________________________________________________

 Credit Rating# (if applicable) : _________________________________________________

Name of Rating Agency# : _________________________________________________

 Any specific transfer restrictions, e.g. restriction for US investors

TEFRA C
TEFRA D
Others, please specify _______________________________________

 Form of Certificate : Permanent Global Note

Temporary Global Note
Definitives

If Temporary Global Note, Form of Certificate to be Exchanged for :

Permanent Global Note
Permanent Definitives
Date of Exchange : ____________________________

 Certification of Non-US beneficial ownership : Yes

No

Frequency of Certification : ______________________________________

# Information must be provided if you would like this issue to be considered by the Inland Revenue Department for
eligibility for profits tax concession under sections 14A and 26A of the Inland Revenue Ordinance.

Page 2 of 4
Hong Kong Monetary Authority
Appendix F.1
Central Moneymarkets Unit

Lodgement Slip

 I/we confirm that interest and any other payments made on the instrument are “withholdable
payments” for the purposes of FATCA.1 Yes No

If Yes, I/we confirm that (a) I/we or another party designated by me/us (which shall not be CMU
unless CMU shall have expressly agreed in writing in advance with me/us to such effect with
respect to the instrument) will cause all withholding, reporting and/or other obligations under
FATCA (and, as applicable, under Chapter 3 of the Code) relating to such withholdable
payments to be properly and timely satisfied, and (b) CMU is not obligated to assist me/us to
satisfy such obligations.

 Options :
Call Put
Exact Dates :
Minimum Notice Calendar Days :
Maximum Notice Calendar Days :
Redemption Amount : Whole/Partly/N.A.* Whole/Partly/N.A.*
Allocation Method : Lottery/Pro Rata/ Lottery/Pro Rata/
Serial No./Trustee/N.A.* Serial No./Trustee/N.A.*
Redemption Schedule :
Redemption Price :

Other information (if any) : ____________________________________________________

 Listing in Stock Exchange :  Yes  No

Place: ___________________________if listed in HK, please provide stock code if available

  Securities are unsecured

 Securities are unsubordinated

 Other Special Redemption:  Taxation Reasons

 Change of Ownership
 Others

 Negative Pledge:  Yes  No

 Cross Default:  Yes  No

 Force Majeure:  Yes  No

1 FATCA refers to Sections 1471 through 1474 of the US Internal Revenue Code of 1986, as amended (the “Code”), any US
Treasury Regulations and other guidance issued thereunder, any intergovernmental agreement to implement any of the
foregoing, and any guidance or laws implementing such an intergovernmental agreement.

Page 3 of 4
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix F.1

Lodgement Slip
SECTION C: Profits Tax Concession under the Inland Revenue Ordinance

 We hope that this issue will be considered by the Inland Revenue Department (IRD) for
eligibility for profits tax concession under sections 14A and 26A of the Inland Revenue
Ordinance (IRO). We understand that any subsequent changes regarding this issue, such
as credit rating, need to be reported to the MA and as the case may be, to the IRD, at the
earliest time possible.

 Yes, I/we confirm that the instrument is, at issuance, issued in Hong Kong to:

 (i) 10 or more persons; or

 (ii) less than 10 persons, none of whom is an associate of the issuer of the
instrument. (Please refer to section 14A(A) of the IRO for the definition of
“associate”. For more information, you may also wish to visit
http://www.ird.gov.hk/eng/tax/bus_pft.htm#08.)

(Please note that you may be required by the Inland Revenue Department to provide
documentary proof to support your above claim.)

 No

SECTION D: Income Distribution

 If the income payment currency of the security is HKD, USD, EUR or CNY, and the record date
is one business day prior to the coupon payment date, the security will automatically be linked
up to the CMU system with income payment distributed via CMU’s corporate action platform.
Income proceeds will be distributed automatically in the CMU system at the start of the “CMUS
coupon and redemption processing window” scheduled at 3:45 p.m. Paying agent should
exercise due diligence in ensuring income distributed in the CMU system has no conflict with all
terms and conditions of the security. Please refer to Part II – clause 5.4 of the CMU Reference
Manual.

Please tick the below box if you do NOT wish the income payment to be automatically debited
by the CMU system at 3:45 p.m.:

 I/We, as the paying agent, will release income payment ourselves on the intended
payment day via the “Maintain Income Payment Details” function of CMT before the
start of “CMUS coupon and redemption processing window” scheduled at 3:45 p.m.

 Please also select whether income proceeds will still be distributed during full-day
typhoon:
 Yes  No

Paying agent can change the setting of this typhoon indicator at any time via the “Maintain Income
Payment Details” function of CMT before typhoon day.

_____________________________________
Authorized Signature(s)
Company Chop

*Please delete as appropriate

Page 4 of 4
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix F.2

F.2 Lodging Agent’s Undertaking

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

1. We refer to the CMU Membership Agreement between us dated _____________ (“the

Agreement”). Clause 1 of the Agreement shall apply to the interpretation of this
undertaking.

2. In consideration of your agreeing to our acting as lodging agent for

____________________(“the CMU Instrument”) issued or accepted by the principals
listed in Schedule 1 (each a “Principal”) we hereby represent and warrant that we have
obtained from each of the Principals acknowledgements and authorities in the terms set
out in Schedule 2.

3. We undertake to inform you immediately if we cease to act as lodging agent for the CMU
Instrument. This undertaking shall survive the termination of the lodging agent’s
membership with the CMU system.

SCHEDULE 1

[Names and addresses of principals]

Page 1 of 3
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix F.2

SCHEDULE 2

A. An acknowledgement by the Principal, expressed to be in favour of the Monetary

Authority (the “MA”) and its servants and agents, that the terms of the CMU Membership
Agreement and the CMU Rules (as defined in the CMU Membership Agreement) will
apply to the CMU Instrument specified in paragraph 2 above which is lodged with the
CMU Service and to all transactions and operations effected through the CMU Service in
relation to the CMU Instrument, including transactions and operations relating to the
lodgement, withdrawal or redemption of the CMU Instrument and in particular (but
without limiting the generality of the foregoing) -

(i) that the MA and its servants and agents are, with the limited exceptions
expressly provided in the CMU Membership Agreement, exempt from liability
caused directly or indirectly by the operation of the CMU Service and MA is
entitled without liability to act without further enquiry on instructions or
information or purported instructions or information received through the CMU
Service or otherwise in accordance with the CMU Manual;

(ii) that notwithstanding any checks or other investigations carried out by the MA,
the MA is under no liability to any person (whether or not a member of the
CMU Service) as a result of any actual or alleged defect or irregularity with
respect to any CMU Instrument lodged with or held in the CMU Service, any
signature or purported signature appearing on any such CMU Instrument, any
disposition or purported disposition of any such CMU Instrument or any
inconsistency of any such CMU Instrument with the details specified in respect
of that CMU Instrument in the CMU Service.

Page 3 of 3
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix F.2

B. An authority for the CMU Member on behalf of the Principal to do all such acts and
things and execute all such documents as may be required to enable the CMU Member
fully to observe and perform its obligations under the CMU Membership Agreement and
the CMU Rules and to enter into any arrangement which the CMU Member considers
proper in connection with the lodgement with the CMU Service of the CMU Instrument,
the holding of the CMU Instrument in the CMU Service and (unless another CMU
Member is for the time being appointed to act as paying agent of the CMU Instrument on
behalf of the Principal) the redemption of the CMU Instrument, including (but without
limiting the generality of the foregoing) authorities for the CMU Member on behalf of the
Principal -

(i) to issue and authenticate the CMU Instrument (including issue and
authentication on splitting and, where necessary, on withdrawal from the CMU
Service);

(ii) to make payments in respect of the CMU Instrument in the manner prescribed
by the CMU Rules.

C. An acknowledgement by the Principal that no further or other demand or presentation for

payment of the CMU Instrument shall be required than the offer of the CMU Instrument
to a CMU Account of a CMU Member (whether acting on its own behalf or as paying
agent) in accordance with the CMU Rules and a waiver by the Principal of any further or
other demand or presentment for payment.

________________________
Authorized Signatures (s)
Company Chop

Page 3 of 3
 Appendix F.3

F.3 CMU Service – Lodging Authority from Issuer

Date:

To :

From:

c.c. Hong Kong Monetary Authority as operator of

The Central Moneymarkets Unit Service (“CMU Service”)

1. We refer to the __ (the

“Certificates”) due _
with deposit date initially represented by a global
certificate of with provision to exchange for
definitive certificates in denominations of each.

2. We confirm that we are/are not* a member of the CMU Service pursuant to

a CMU Membership Agreement (the “Membership Agreement”) entered
into between us and the CMU Service and dated _________________and
are subject to the terms of Membership Agreement and the CMU Rules (as
defined in the Membership Agreement).

3. We acknowledge that you intend to lodge the Certificates with the CMU
Service and that the terms of the Membership Agreement and the CMU
Rules will apply to the Certificates and to all transactions and operations
effected through the CMU Service in relation to the Certificates including
transactions relating to the lodgement, withdrawal or redemption of the
Certificates and in particular (but without limiting the generality of the
foregoing):-

(i) that the CMU Service and its servants and agents are, with the limited
exceptions expressly provided in the Membership Agreement, exempt
from liability caused directly or indirectly by the operation of the CMU
Service and the CMU Service is entitled without liability to act without
further enquiry on instructions or information or purported instructions
or information received through the CMU Service or otherwise in
accordance with the CMU Manual (as defined in the Membership
Agreement);

(ii) that the CMU Service is under no liability to any person (whether or
not a member of the CMU Service) as a result of any actual or alleged
defect or irregularity with respect to any Certificate lodged with or held
in the CMU Service, any signature or purported signature appearing
on any such Certificate, any disposition or purported disposition of any
such Certificate or any inconsistency of any such Certificate with the
details specified in respect of that Certificate in the CMU Service.

*Please delete as appropriate.

Page 1 of 2
4. We authorise you on our behalf to do all such acts and things and execute
all such documents as may be required to enable you fully to observe and
perform your obligations under your Membership Agreement and the CMU
Rules and to enter into any agreement which you consider proper in
connection with the lodgement with the CMU Service of the Certificates, the
holding of the Certificates in the CMU Service and (unless another CMU
Member is for the time being appointed to act as paying agent of the
Certificates on our behalf) the redemption of the Certificates, including (but
without limiting the generality of the foregoing):-

(i) authenticating the Certificates (including authentication or withdrawal

from the CMU Service);

(ii) making payments in respect of the Certificates in the manner

prescribed by the CMU Rules.

5. We acknowledge that no further or other demand or presentment for

payment of the Certificates shall be required than the credit of the
Certificates to the relevant CMU Accounts of CMU Members (whether acting
on their own behalf or as paying agent) in accordance with the CMU Rules
and we waive the requirement for any further or other demand or
presentment for payment.

6. We warrant that the Certificates have been issued in accordance with (and
lodging the Certificates with the CMU Service will not be contrary to) all
applicable laws, regulations, orders, directives, requests or requirements
(including regulations, orders, directives, request or requirements which do
not have the force of law but which are generally complied with by the
persons to whom they are addressed)

7. These confirmations, warranties and acknowledgements are given for your

benefit and for the benefit of the CMU Service and its servants and agents.

8. We authorise you to nominate yourselves ___________________________

to the CMU Service as the lodging agent in respect of the Certificates.

Page 2 of 2
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix F.4

F.4 Allotment of CMU Instruments – for Allottees

(New/Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Please receive against/free* of payment in real time mode the following CMU
Instrument(s) into our CMU Account for value on ___________________ :

Participant’s Participant’s Lodging Allottee’s CMU Quantity Settlement

TRN TRN Agent’s Account No. Instrument (Mn) Currency and
(for new (for New Issue No. Amount
instruction) cancellation) Account
(max 16 (max 16
char) char) (XXXX333) (XXXXNNN)

Total

Person to contact in case of query : __________________ (Tel : ____________ )

Authorized Signature(s) or Test Number on

Company chop quantity
HKMA use only
Signature(s) / Test
No.
Verified by:

_______________________________________________________________________________
IMPORTANT: Please send this form to CMU no later than 6:00 p.m. on the value date. If the settlement currency of the
DvP allotment is non-RTGS currencies (i.e. HKD, USD, euro or CNY), please send this form to CMU no later than
3:30pm one day before value date.
* Please delete as appropriate
Hong Kong Monetary Authority
Appendix F.5
Central Moneymarkets Unit

F.5 Allotment of CMU Instruments – for Lodging Agent

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Please deliver against/free* of payment in real time mode CMU Instrument no.
___________________ from our CMU Account ________333 for value on ______.

Participant’s TRN Participant’s Allottee’s

(for new TRN (for Account No. Settlement
Quantity
instruction) cancellation) Currency and
(Mn)
(max 16 char) (max 16 char) (XXXXNNN) Amount

Total

Person to contact in case of query : ___________________ (Tel : ___________ )

HKMA use only
Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on quantity

Company chop
_______________________________________________________________________________
IMPORTANT: Please send this form to CMU no later than 6:00 p.m. on the value date. If the settlement
currency of the DvP allotment is non-RTGS currencies (i.e. HKD, USD, euro or CNY), please send this form
to CMU no later than 3:30pm one day before value date.

* Please delete as appropriate

Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix F.6

F.6 Withdrawal Request at Maturity

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We write to request for the physical withdrawal of the following CMU Instrument:

Name of the Issuer :_____________________________________________

CMU Instrument No. :_______________Min Denomination :_______________

Total Quantity :_______________Maturity Date:____________________

We confirm that we had effected the repayment of principal to the respective CMU
Members and supporting evidence is attached for your reference. We would
arrange for the physical withdrawal of the above instrument(s) by our representative
____________________ of _______________ on _____________ .
(Name) (I.D. No.)

Please contact __________________ at telephone no. _____________ in case of

query.

___________________________
Authorized Signature(s)
Company Chop
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix F.7

F.7 Withdrawal Request for Early Redemption

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We write to request for the physical withdrawal of the following CMU Instrument at
redemption date __________________________ .

Name of the Issuer :__________________________________________

CMU Instrument No.:_________________Maturity Date :______________

Total Quantity:_________________Min Denomination : ______________

We confirm that we had effected the repayment of principal to the respective CMU
Members and the supporting evidence is attached for your reference.

We would arrange for the physical withdrawal of the above instrument(s) by our
representative _________________ of ________________ on ______________ .
(Name) (I.D. No.)

Please contact ___________ at telephone no. ___ ______in case of query.

____________________________
Authorized Signature(s)
Company Chop
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix F.8

F.8 Replacement of Global Certificate

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CMU Instrument No. : _________________________

Name of the Issuer : _________________________

Maturity Date : _________________________

Pursuant to the terms set out in the Temporary Global, we, as the issuing agent of
the subject issue confirm that the certificates in the forms of
____________________ set out in the
______________________________________ have been received from the
holders certifying their positions on _______________(being ________ days after
closing). The Temporary Global is exchangeable in whole for the Permanent
Global Certificate on ____________________.

Enclose please find a copy of the Permanent Global Certificate which will be lodged
into your account with The Hongkong and Shanghai Banking Corporation Limited
on _______________________.

Please arrange to release the Temporary Global to the bearer of this letter : -

Name :

I.D. No :

__________________________
Authorized Signature(s)
Company Chop
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix F.9

F.9 Endorsement of Global Instruments

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We write to request for the endorsement of the following Permanent Global Instrument on
the basis of *:

 principal repayment due to exercise of call/put option; or

 purchase and cancellation; or
 further issuance; or
 partial repayment; or
 interest payment,

CMU Instrument No. : _________________________

Name of the Issuer : _________________________

Issue Size : __________________________

Maturity Date : __________________________

The outstanding principal amount will be marked down / changed* from _____________
to___________________ value _________________.

We confirm that we had enacted our obligation to the noteholders and supporting
evidence is attached for your reference.

We would arrange the following representative(s) to endorse the global instrument: -

Name : Name :

I.D. No : I.D. No. :

__________________________
Authorized Signature(s)
Company Chop
Remark : * Please delete as appropriate.
Hong Kong Monetary Authority Appendix F.10
Central Moneymarkets Unit

Specimen Letter for Confirmation of Lodgement from Issuer

[Company letter head of the issuer]

Hong Kong Monetary Authority (“MA”)
55, Two International Finance Centre
8 Finance Street, Central
Hong Kong
Attn: CMU

Date:

Re: Lodgement confirmation from [ ]

(“Issuer”)
The lodging agent, [ ],
acting on our behalf, will send electronic copy of the executed global instruments to CMU
before the issue day, instead of lodging the original executed global instrument to the sub-
custodian of CMU. We, in the capacity of the Issuer of the debt securities to be issued in
the CMU confirm the following:

(i) that the debt securities are registered securities. So long as the MA is registered in
the issuer’s register as the holder of the bonds on the issue day, legal title to the
bonds is with the MA. The executed global instrument in electronic form does not
affect the fact that the MA is the registered holder of the bonds on the issue day as
indicated in the Issuer’s register;

(ii) that Hong Kong Monetary Authority (in its capacity as operator of the Central
Moneymarkets Unit) is the person registered in the Issuer’s register;

(iii) that the electronic copy of the executed global instrument provided to the MA is a
true copy of the original executed global instrument; and

(iv) that the MA may rely on the electronic copy of the executed global instrument
provided to the MA according to its terms as from the issue day.

[ (Issuer) ]

_____________________________________
Authorised Signatories
c.c. [ (Lodging Agent) ]
Hong Kong Monetary Authority Appendix G.1
Central Moneymarkets Unit

G.1 CMU BID Service - Tender Notice and Lodgement Slip

(New/ Cancel*)
To : Hong Kong Monetary Authority Date : ____________
From : _____________________________________________ (___________)
Issuer/ Issuing and lodging agent Code

SECTION A: Tender and Lodgement Details

The following instrument is lodged in accordance with the CMU Rules. Details of the instrument are as follows:

CMU Instrument No. :

Name of Issuer :
Type of Business :
Place of Incorporation :
(For FATCA purpose, this field is
mandatory for US issuer)

Subject to FATCA withholding tax : Yes No

Guarantor (if any) :
Lead Manager / Arranger* :
Name of Lead Manager / Arranger

Paying Agent :
Underwriter (if any) :

Instrument Type :

Issue Size (Currency and Amount) :

Total Lodgement Value :

Minimum Tradable Amount @ (if any) :

Multiple Tradable Amount @ (if any) :
Minimum Denomination @ (if any) :

Tender Date :
Issue Date : Maturity Date :
Tenure : Issue Price :

Coupon Rate (p.a.) :

Floor Price / Yield (if any) :
Global / Definitives*
(If Definitives, please specify
total number of Definitives) : No. (if any) :

Interest Calculation Method : Actual/365(Fixed), Actual/360, 30/360, 30E/360, Actual/Actual,

If others, please specify :
Calculation of income proceeds
based on: per 1,000 unit per denomination

Business days as stated in the relevant

documentation of the issue :
If others, please specify :
Record Date : One business day prior to payment date
Others : _______________________________________
If calendar day basis, holiday adjustment for record date can be
backward / forward,
If not selected, the system default is backward convention.
Interest Payment Dates :
:
* Please select as appropriate
@ Information about (1) minimum tradable amount and multiple tradable amount, or (2) minimum denomination, must be provided if you would like this issue to be considered

by the Inland Revenue Department for eligibility for profits tax concession under sections 14A and 26A of the Inland Revenue Ordinance.

Page 1 of 4
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix G.1
SECTION B: Other information on Instrument (please tick)

 CMU will apply ISIN No. for domestic non-listed securities from Hong Kong Exchange and Clearing
Limited.
Please tick the box if you do NOT wish us to do so.

ISIN No:________________________________________ (Please advise if already have ISIN)

 CMU will apply a Common Code to facilitate clearing by Euroclear and Clearstream.
Please tick the box if you do NOT wish us to do so.

Common Code: (Please advise if already have Common Code)

 Bearer Registered

 Issuance Facility : Yes, please specify (e.g. MTN) :__________________________

No

 Governing Law :________________________________________________________________

 Credit Rating (if applicable) # : ____________________________________________________

Name of Rating Agency # : ___________________________________________________

 Any specific transfer restrictions, e.g. restriction for US investors

TEFRA C
TEFRA D
Others, please specify _______________________________________

 Form of Certificate : Permanent Global Note

Temporary Global Note
Definitives

If Temporary Global Note, Form of Certificate to be Exchanged for :

Permanent Global Note
Permanent Definitives

Date of Exchange : ____________________________

 Certification of Non-US beneficial ownership : Yes

No

Frequency of Certification : ______________________________________

# Information must be provided if you would like this issue to be considered by the Inland Revenue Department for eligibility for
profits tax concession under sections 14A and 26A of the Inland Revenue Ordinance.

Page 2 of 4
Hong Kong Monetary Authority
Appendix G.1
Central Moneymarkets Unit

 I/we confirm that interest and any other payments made on the instrument are “withholdable payments”
for the purposes of FATCA1 Yes No

If Yes, I/we confirm that (a) I/we or another party designated by me/us (which shall not be CMU unless
CMU shall have expressly agreed in writing in advance with me/us to such effect with respect to the
instrument) will cause all withholding, reporting and/or other obligations under FATCA (and, as
applicable, under Chapter 3 of the Code) relating to such withholdable payments to be properly and
timely satisfied, and (b) CMU is not obligated to assist me/us to satisfy such obligations.

 Options :
Call Put
Exact Dates :
Minimum Notice Calendar Days :
Maximum Notice Calendar Days :
Redemption Amount : Whole/Partly/N.A.* Whole/Partly/N.A.*
Allocation Method : Lottery/Pro Rata/ Lottery/Pro Rata/
Serial No./Trustee/N.A.* Serial No./Trustee/N.A.*
Redemption Schedule :
Redemption Price :

Other information (if any) : ____________________________________________________

 Listing in Stock Exchange :  Yes  No

Place: ___________________________if listed in HK, please provide stock code if available

  Securities are unsecured

 Securities are unsubordinated

 Other Special Redemption:  Taxation Reasons

 Change of Ownership
 Others

 Negative Pledge:  Yes  No

 Cross Default:  Yes  No

 Force Majeure:  Yes  No

1 FATCA refers to Sections 1471 through 1474 of the US Internal Revenue Code of 1986, as amended (the “Code”), any US Treasury
Regulations and other guidance issued thereunder, any intergovernmental agreement to implement any of the foregoing, and any
guidance or laws implementing such an intergovernmental agreement.

Page 3 of 4
Hong Kong Monetary Authority
Appendix G.1
Central Moneymarkets Unit
SECTION C: Profits Tax Concession under the Inland Revenue Ordinance
 We hope that this issue will be considered by the Inland Revenue Department (IRD) for eligibility
for profits tax concession under Section 14A and 26A of the Inland Revenue Ordinance (IRO). We
understand that any subsequent changes regarding this issue, such as credit rating, need to be
reported to the MA and as the case may be, to the IRD at the earliest time possible.

 Yes, I/we confirm that the instrument is, at issuance, issued in Hong Kong to:
 (i) 10 or more persons; or
 (ii) less than 10 persons, none of whom is an associate of the issuer of the instrument.
(Please refer to section 14A(A) of the IRO for the definition of “associate”. For more information, you may also
wish to visit http://www.ird.gov.hk/eng/tax/bus_pft.htm#08.)
(Please note that you may be required by the Inland Revenue Department to provide documentary proof to support
your above claim.)
 No

SECTION D: Income Distribution

 If the income payment currency of the security is HKD, USD, EUR or CNY, and the record date is one
business day prior to the coupon payment date, the security will automatically be linked up to the CMU
system with income payment distributed via CMU’s corporate action platform. Income proceeds will be
distributed automatically in the CMU system at the start of the “CMUS coupon and redemption
processing window” scheduled at 3:45 p.m. Paying agent should exercise due diligence in ensuring
income distributed in the CMU system has no conflict with all terms and conditions of the security.
Please refer to Part II – clause 5.4 of the CMU Reference Manual.

Please tick the below box if you do NOT wish the income payment to be automatically debited by the
CMU system at 3:45 p.m.:

 I/We, as the paying agent, will release income payment ourselves on the intended payment
day via the “Maintain Income Payment Details” function of CMT before the start of “CMUS
coupon and redemption processing window” scheduled at 3:45 p.m.

 Please also select whether income proceeds will still be distributed during full-day typhoon:
 Yes  No

Paying agent can change the setting of this typhoon indicator at any time via the “Maintain Income
Payment Details” function of CMT before typhoon day.

SECTION E: Settlement Details

For DvP Allotment

Upon receipt of the allotment proceeds from the successful bidders, please credit the same into the
following account:

Name of the Bank :

Account Name :
Account Number :

In case of unsuccessful allotment due to insufficient fund of the allottee(s), the related securities will be
allotted free of payment to (CMU Account Code).

_____________________________________
Authorized Signature(s)
Company Chop
*Please select as appropriate
Page 4 of 4
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix G.2
G.2 CMU BID Service - CMU Instrument
(for Yield/Coupon-Bid issue) Bid Form (New/ Cancel*#)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
We hereby submit/cancel# the following bid(s) for CMU A/C _______________________:

CMU Instrument Number ______________________ to be issued on _______________________

Participant TRN (max 16 chars) _____________________________

Original Participant TRN (for cancellation only) _____________________________

Yield bid / Coupon-bid# in CCY Quantity Currency and For use only by the
ascending order bid for Amount payable Monetary Authority
(percent to the nearest four (in Mn) if allotted in full
decimal points) (rounded to the
nearest cent)

TOTAL Mn

We undertake to arrange sufficient funds to our settlement account before 11:30a.m. also authorize
you to debit from our settlement account (a/c no.____________________) the amount payable for
any CMU Instrument that are allotted to us under any of the above bids.

Person to contact in case of query : (Tel: ) For the MA use only

Signature(s) / Test
No.
Verified by:
Authorized Signature(s) or Test Number on CCY/total amount
Company Chop
_______________________________________________________________________________
Remark : Please quote original Participant TRN and a new Participant TRN for cancellation.
* Cancel whole tender application only. # Please delete as appropriate.

5
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix G.3

G.3 CMU BID Service - CMU Instrument (for Price-Bid issue)

Bid Form (New/ Cancel*#)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
We hereby submit/cancel# the following bid(s) for CMU A/C _______________________:

CMU Instrument Number _____________________ to be issued on _______________________

Participant TRN (max 16 chars) _____________________________

Original Participant TRN (for cancellation only) _____________________________

Price bid in descending CCY Quantity bid Currency and For use only by
order for Amount the Monetary
(percent to the nearest four (in Mn) payable if Authority
decimal points) allotted in full
(rounded to the
nearest cent)

TOTAL Mn
We undertake to arrange sufficient funds to our settlement account before 11:30a.m. and also
authorize you to debit from our settlement account (a/c no.____________________) the amount
payable for any CMU Instrument that are allotted to us under any of the above bids.

Person to contact in case of query : (Tel: ) For the MA use only

Signature(s) / Test
No.
Verified by:
Authorized Signature(s) or Test Number on CCY/total amount
Company Chop
_______________________________________________________________________________
Remark : Please quote original Participant TRN and a new Participant TRN for cancellation
* Cancel whole tender application only. # Please delete as appropriate.

6
Hong Kong Monetary Authority Appendix G.4
Central Moneymarkets Unit

G.4 Price-Yield Conversion Algorithm

Calculation of Bond Price

For a coupon bearing issue that is allotted at yield, the equivalent bond price is
determined by the following formulae:

(1) If there is one coupon period or less until redemption, bond price is calculated
as follows:

 rate  100 
 100( M  freq )   A rate  100 
Pr ice    
  DSC  E freq 
100   E  y  100  
 

(2) If there are more than one coupon period until redemption, bond price is
calculated as follows:

rate
100 
M N
freq  A rate  100 
Pr ice    
( N 1
DSC
) h 1 ( h 1
DSC
) E freq 
(1  y ) E
(1  y ) E

where
yld = input yield or allotted yield of individual bid
freq = number of interest payments per year
y = yld/freq
N = number of coupons payable between settlement date and redemption
date (round up to integer)
rate = coupon rate
DSC = number of days from settlement date to the next coupon date

A = number of days from beginning of coupon period to settlement date

E = number of days in coupon period in which the settlement date falls
M = 100% = maturity value

The interest interval of the issues must be 1, 3, 6 or 12 months.

Interest Interval Frequency

(freq)
1 12
3 4
6 2
12 1

7
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix G.5

G.5 Exchange Fund Bills Tender Form

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Eligible Market Maker Code

We hereby #submit/cancel the following tender(s) for Exchange Fund Bills via the
main account ____________000:
(Member Code)

Exchange Fund Bills Issue Number ______ __ to be issued on ______________

Participant’s TRN (for new bid) :___________________________________ (max 16 chars)

Participant’s TRN (for cancellation): ___________________________________ (max 16 chars)

Yield bid in CCY Nominal Currency and For use only by

ascending order Amount bid for Amount payable if the Monetary
(percent to the (in Mn) allotted in full Authority
nearest two (rounded to the
decimal points) nearest cent)

TOTAL Mn
We authorize you to debit from our settlement account the amount payable for any
Bills that are allotted to us under any of the above tenders.
HKMA use only
Person to contact in case of query: (Tel: ) Signature(s) / Test
No.
Verified by:
Authorized Signature(s) or Test Number on total mount
Company Chop

IMPORTANT: For fax transmission, please provide Test Number for the total nominal value tendered for/ to
be cancelled #.
* Cancel whole tender application only. # Please delete as inappropriate.

8
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix G.6

G.6 Exchange Fund Notes Competitive Tender Form

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Eligible Market Maker Code

We hereby #submit/cancel the following tender(s) for Exchange Fund Notes via
the main account __________000:
(Member Code)

Exchange Fund Notes Issue Number ____ __ to be issued on ______________

Participant’s TRN (for new bid) :___________________________________ (max 16 chars)

Participant’s TRN (for cancellation): ___________________________________ (max 16 chars)

Price bid in CCY Nominal Currency and For use only by

descending Amount bid Amount payable if the Monetary
order (percent for allotted in full Authority
to the (in Mn) (rounded to the
nearest two nearest cent)
decimal points)

TOTAL Mn
We authorize you to debit from our settlement account the amount payable for any
Notes that are allotted to us under any of the above tenders.
HKMA use only
Person to contact in case of query : (Tel: ) Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on total amount

Company Chop

IMPORTANT: For fax transmission, please provide Test Number for the total nominal value
tendered for/to be cancelled #.
* Cancel whole tender application only. # Please delete as inappropriate.

9
 Hong Kong Monetary Authority Appendix G.7
Central Moneymarkets Unit

G.7 Exchange Fund Notes Non-Competitive Tender Form

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Retail Exchange Fund Notes Distributor / Code
HKSCC

We hereby submit the following tender(s) for Exchange Fund Notes via the Main
account ___________000:
(Member Code)

Exchange Fund Notes Issue Number ___________to be issued on _____________

Application Number Nominal Value tendered For use only by the Hong
(in a format as agreed for Kong Monetary Authority
with the Monetary
Authority) (HK$ Mn)

TOTAL HK$ Mn
We authorize you to debit from our settlement account the amount payable for any
Notes that are allotted to us under any of the above tenders.
HKMA use only
Person to contact in case of query : (Tel: ) Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on total amount

Company Chop

IMPORTANT: For fax transmission, please provide Test Number for the total nominal value
tendered for/to be cancelled#.
* Cancel whole tender application only. # Please delete as inappropriate.

10
 Appendix G.8

G.8 MTR CORPORATION LIMITED ( “MTRC”) Tender Form

NOTE ISSUEANCE PROGRAMME (THE “PROGRAMME”)
(established by an Agreement dated 19th January, 1995 between MTRC, and the Monetary Authority)
New/Cancel*

TENDER FORM

To: Monetary Authority Date of Message: _________________

From: ( )
(Recognized Dealer)
Code
We hereby #submit/cancel the following tender(s) to subscribe for the notes (“Notes”) to be issued by MTRC under the
Programme details of which are set out or referred to in the Tender Notice in respect of the Issue specified below:

Tender Issue Number ________________________ in respect of Issue dated ______________________________

Subscription price bid in descending Principal amount tendered Amount payable if allotted in For use only by the
order for each Note (expressed as a for in multiples of full (HK$ to the nearest cent) Monetary Authority
percentage of the principal amount of a HK$50,000 (HK$ fifty
Note to the nearest two decimal points) thousand)

Total HK$

We irrevocably and unconditionally offer, upon the terms and subject to the conditions set out or referred to in this Tender
Form, to subscribe for the Notes at the subscription price(s) and in the amount(s) specified above and authorize you to debit
from our settlement clearing account the amount payable for any Notes that are allotted to us under any of the above
tenders.
MA use only
Person to contact in case of query : ____________________ (Tel: ________________) Signature(s) Test Number verified
by :

Authorised Signature(s) and/or Test Number

Important: For fax transmission, please provide Test Number for the total principal amount #tendered for/to be cancelled.

Note: The terms upon which this Tender Form was issued, and subject to which any tender is deemed to be
made are set out, or otherwise specified, on the reverse of this form.
_______________________________________________________________________________________
(MA use only)

ACCEPTANCE ON BEHALF OF THE MTRC

Principal Amount Subscription Price Amount Payable

TOTAL HK$
* : Cancel whole tender application only.
# : Please delete as inappropriate.

Accepted: ………………………………
For Monetary Authority

Date: ……………………………………

11
From: ( )
(Recognized Dealer) Code

1. This Tender Form has been made available by the Monetary Authority on behalf of MTRC to dealers
appointed by the Monetary Authority for the purposes of the MTRC Note Issuance Programme (“Recognized
Dealers”) as an arranger for the issue of Notes by MTRC.

2. In arranging the issue of Notes, the Monetary Authority is acting solely as the agent of MTRC - neither
the issue of the Tender Form by the Monetary Authority, the submission of the Tender Form by a Recognized
Dealer nor the acceptance of any tender by the Monetary Authority or the MTRC will give rise to any
contractual relationship between relevant Recognized Dealer and the Monetary Authority.

3. The submission of a Tender Form to the Monetary Authority will constitute an irrevocable and
unconditional offer by the relevant Recognized Dealer to the MTRC to subscribe for Notes in the amounts and
at the prices indicated overleaf and may be accepted in whole or in part by the MA on behalf of the MTRC.
Such offer, once accepted in whole or in part by the MA on behalf of the MTRC (such acceptance to be
conclusively evidenced by the completion and signature for or on behalf of the Monetary Authority of the
Acceptance at the bottom of this Tender Form), will result in a contract (“Tender Contract”) between the
relevant Recognized Dealer and the MTRC for the allotment and subscription of Notes in the amounts and at
the subscription price(s) accepted by the Monetary Authority subject to and on the terms set out below:

the Tender Contract incorporates (and the Notes will be subscribed for and issued in accordance with and
subject to) all of the provisions set out in the standard form schedule current at the date of the contract, which
schedule is entitled “Mass Transit Railway Corporation – HK$10,000,000,000 Note Issuance Programme –
Standard Tender Contract Schedule” and is available for inspection at the offices of the Monetary Authority at
55th Floor ,Two International Finance Centre, 8 Finance Street, Central, Hong Kong

the Notes will be constituted by a trust deed (as amended, supplemented or novated, the “Trust Deed”) dated
19th January, 1995 between the MTRC and Bermuda Trust (Far East) Limited as trustee, and holders of the
Notes are entitled to the benefit of, and are bound by, and deemed to have notice of, the provisions of the
Trust Deed; and

the Notes will be issued on the terms and subject to the Conditions set out in the Notes (including the terms
and conditions endorsed thereon or incorporated by reference therein substantially in the form set out in the
Trust Deed (a summary of which is set out, for information purposes only, in the Information Memorandum
relating to the Programme), read together with (and subject to) the Tender Notice referred to overleaf).

12
 Appendix G.9

G.9 AIRPORT AUTHORITY ( “AA”) Tender Form

NOTE ISSUEANCE PROGRAMME (THE “PROGRAMME”)
(established by a Programme, Agency and Operations Agreement dated 16th October, 1997 between AA, the Monetary
Authority (“MA”) and Bermuda Trust (Far East) Limited as Trustee)
New/Cancel*

TENDER FORM

To: Monetary Authority Date of Message: _________________

From: ( )
(Recognized Dealer) Code

We hereby #submit/cancel the following tender(s) to subscribe for the notes (“Notes”) to be issued by AA under the
Programme details of which are set out or referred to in the Tender Notice in respect of the Issue specified below:

Tender Issue Number ________________________ in respect of Issue dated ______________________________

Subscription price bid in descending Principal amount tendered Amount payable if allotted in For use only by the
order for each Note (expressed as a for in multiples of full (HK$ to the nearest cent) Monetary Authority
percentage of the principal amount of a HK$50,000 (HK$ fifty
Note to the nearest two decimal points) thousand)

Total HK$

We irrevocably and unconditionally offer, upon the terms and subject to the conditions set out or referred to in this Tender
Form, to subscribe for the Notes at the subscription price(s) and in the amount(s) specified above and authorize you to debit
our settlement account the amount payable for any Notes that are allotted to us under any of the above tenders.

Person to contact in case of query : ____________________ (Tel: ________________) MA use only

Signature(s) Test Number verified
by :

Authorised Signature(s) and/or Test Number

Important: For fax transmission, please provide Test Number for the total principal amount #tendered for/to be cancelled.

Note: The terms upon which this Tender Form was issued, and subject to which any tender is deemed to be
made are set out, or otherwise specified, on the reverse of this form.
(MA use only)

ACCEPTANCE ON BEHALF OF THE AA

Principal Amount Subscription Price Amount Payable

TOTAL HK$
* : Cancel whole tender application only.
# : Please delete as inappropriate.

13
Accepted: ………………………………
For Monetary Authority

Date: ……………………………………

From: ( )
(Recognized Dealer) Code

1. This Tender Form has been made available by the MA on behalf of AA and in its capacity as arranger for the Issue of
Notes by AA dealers appointed by MA for the purpose of the Programme (“Recognized Dealers”)

2. In arranging the issue of Notes, MA is acting solely as the agent of AA - neither the issue of the Tender Form by MA,
the submission of the Tender Form by a Recognized Dealer nor the acceptance of any tender by MA or AA will give rise to
any contractual relationship between relevant Recognized Dealer and MA.

3. The submission of a Tender Form to MA will constitute an irrevocable and unconditional offer by the relevant
Recognized Dealer to AA to subscribe for Notes in the amounts and at the prices indicated overleaf and may be accepted in
whole or in part by MA on behalf of the AA. Such offer, once accepted in whole or in part by MA on behalf of AA (such
acceptance to be conclusively evidenced by the completion and signature for or on behalf of MA of the Acceptance at the
bottom of this Tender Form), will result in a contract (“Tender Contract”) between the relevant Recognized Dealer and AA
for the allotment and subscription of Notes in the amounts and at the subscription price(s) accepted by MA subject to and on
the terms set out below:

the Tender Contract incorporates (and the Notes will be subscribed for and issued in accordance with and subject to) all of
the provisions set out in the standard form schedule current at the date of the contract, which schedule is entitled “Airport
Authority – HK$5,000,000,000 Note Issuance Programme – Standard Tender Contract Schedule” and is available for
inspection at the offices of MA at 55th Floor ,Two International Finance Centre, 8 Finance Street, Central, Hong
Kong;

the Notes will be constituted by a trust deed (as amended, supplemented or novated, the “Trust Deed”) dated 16th October
1997 between AA and Bermuda Trust (Far East) Limited as Trustee, and holders of the Notes will be entitled to the benefit
of, and will be bound by, and deemed to have notice of, the provisions of the Trust Deed; and

the Notes will be issued on the terms and subject to the Conditions set out in the Notes (including the conditions endorsed
thereon or incorporated by reference therein substantially in the form set out in the Trust Deed (a summary of which is set
out, for information purposes only, in the Information Memorandum relating to the Programme), read together with (and
subject to) the Tender Notice referred to overleaf).

14
 Appendix G.10

G.10 HKMC TENDER FORM For Competitive Tenders

For Competitive Tenders
Important

If you are in any doubt about this Tender Form you should consult your stockbroker, bank manager, solicitor,
professional accountant or other professional adviser.

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this Tender Form, makes no
representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever
arising from or in reliance upon the whole or any part of the contents of this Tender Form.

A copy of this Tender Form, the Prospectus dated 15 October 1999 for the Programme and the Supplemental Prospectus
dated 5 December 2000 for the Notes, together with the documents, if any, referred to as being so registered under
“General Information” in any applicable Supplemental Prospectus for the Notes referred to below has been registered by the
Registrar of Companies. Neither the Securities and Futures Commission nor the Registrar of Companies in Hong Kong
takes any responsibility as to the contents of any of the above documents.

The Hong Kong Mortgage Corporation Limited (the “HKMC”)

Note Issuance Programme (the “Programme”)
(established by an Agreement (as amended supplemented or novated ) dated 6 January 1998
between the HKMC, the Monetary Authority (the “MA”) and Bermuda Trust (Far East) Limited)

TENDER FORM
New/Cancel*

To: Monetary Authority Date of Message: _________________

From: ( )
(Recognized Dealer) Code

We hereby #submit/cancel the following tender(s) to subscribe for the notes (“Notes”) to be issued by the HKMC under the
Programme details of which are set out or referred to in the Tender Notice in respect of the Issue specified below:

Tender Issue Number ________________________ in respect of Issue dated _____________________________

Subscription yield bid in descending order Principal amount Amount payable if allotted For use only by the
for each Note (expressed as a percentage tendered for in multiples of in full (HK$ to the nearest MA
of the principal amount of a Note to the HK$50,000 (HK$ fifty cent)
nearest two decimal points) thousand)

TOTAL HK$

We irrevocably and unconditionally offer, upon the terms and subject to the conditions set out or referred to in this Tender
Form, to subscribe for the Notes at the subscription price(s) and in the amount(s) specified above and authorise you to debit
from our Settlement Account the amount payable for any Notes that are allotted to us under any of the above tenders.

Person to contact in case of query : ____________________ (Tel: ________________)

MA use only
Signature(s) Test Number verified by :

Authorised Signature(s) and/or Test Number

Important: For fax transmission, please provide Test Number for the total principal amount #tendered for/to be
cancelled

Note: The terms upon which this Tender Form was issued, and subject to which any tender is deemed to be
made are set out, or otherwise specified, on the reverse of this form.
* : Cancel whole tender application only.
# : Please delete as inappropriate.

15
 (MA use only)
ACCEPTANCE ON BEHALF OF THE HKMC

Principal Amount Subscription Price Amount Payable

TOTAL HK$

Accepted: ………………………………
For Monetary Authority

Title: ……………………………………

Date: ……………………………………

From: ( )
(Recognized Dealer) Code

1. This Tender Form has been made available by the MA on behalf of the HKMC to dealers appointed by the
MA for the purposes of the Programme (“Recognized Dealers”).

2. In arranging the issue of Notes, the MA is acting solely as the agent of the HKMC - neither the issue of
the Tender Form by the MA, the submission of the Tender Form by a Recognized Dealer nor the acceptance
of any tender by the MA or the HKMC will give rise to any contractual relationship between the relevant
Recognized Dealer and the MA.

3. The submission of a Tender Form to the MA will constitute an irrevocable and unconditional offer by the
relevant Recognized Dealer to the HKMC to subscribe for Notes in the amounts and at the prices indicated
overleaf and may be accepted in whole or in part by the MA on behalf of the HKMC. The MA, in consultation
with the HKMC, reserves the right not to allot all the Notes, or to scale down the allotment to any Recognized
Dealer. Such offer, once accepted in whole or in part by the MA on behalf of the HKMC (such acceptance to
be conclusively evidenced by the completion and signature for or on behalf of the MA of the Acceptance at the
bottom of this Tender Form), will result in a contract (“Tender Contract”) between the relevant Recognized
Dealer and the HKMC for the allotment and subscription of Notes in the amounts and at the subscription
price(s) accepted by the MA subject to and on the terms set out below:

the Tender Contract incorporates (and the Notes will be subscribed for and issued in accordance with and
subject to) all of the provisions set out in the standard form Schedule current at the date of the contract, which
Schedule is entitled “The Hong Kong Mortgage Corporation Limited –HK$20,000,000,000 Note Issuance
Programme – Standard Tender Contract Schedule” and is available for inspection at the offices of the MA at
55th Floor ,Two International Finance Centre, 8 Finance Street, Central, Hong Kong;

the Notes will be constituted by a trust deed (as amended, supplemented or novated, the “Trust Deed”) dated
6 January 1998 between the HKMC and Bermuda Trust (Far East) Limited as trustee, and holders of the
Notes will be entitled to the benefit of, and will be bound by, and deemed to have notice of, the provisions of
the Trust Deed; and

the Notes will be issued on the terms and subject to the Conditions set out in the Notes (including the terms
and conditions endorsed thereon or incorporated by reference therein substantially in the form set out in the
Trust Deed (a summary of which is set out, for information purposes only, in the Prospectus relating to the
Programme), read together with (and subject to) the Tender Notice referred to overleaf).

16
 Appendix G.11

G.11 HKMC TENDER FORM For Competitive Tenders

Important

If you are in any doubt about this Tender Form you should consult your stockbroker, bank manager, solicitor, professional
accountant or other professional adviser.

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this Tender Form, makes no representation as
to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance
upon the whole or any part of the contents of this Tender Form.

A copy of this Tender Form, the Prospectus dated 17 August 2001 for the Programme and the Supplemental Prospectus dated 17
August 2001 for the Notes, together with the documents, if any, referred to as being so registered under “General Information” in any
applicable Supplemental Prospectus for the Notes referred to below has been registered by the Registrar of Companies. Neither the
Securities and Futures Commission nor the Registrar of Companies in Hong Kong takes any responsibility as to the contents of any of
the above documents.

The Hong Kong Mortgage Corporation Limited (the “HKMC”)

Note Issuance Programme (the “Programme”)
(established by an Agreement (as amended supplemented or novated ) dated 6 January 1998
between the HKMC, the Monetary Authority (the “MA”) and Bermuda Trust (Far East) Limited)

TENDER FORM
New/Cancel*

To: Monetary Authority Date of Message: _________________

From: ( )
(Recognized Dealer) Code

We hereby #submit/cancel the following tender(s) to subscribe for the notes (“Notes”) to be issued by the HKMC under the
Programme details of which are set out or referred to in the Tender Notice in respect of the Issue specified below:

Tender Issue Number ________________________ in respect of Issue dated _____________________________

Subscription price bid in descending order Principal amount Amount payable if allotted For use only by the
for each Note (expressed as a percentage tendered for in multiples of in full (HK$ to the nearest MA
of the principal amount of a Note to the HK$50,000 (HK$ fifty cent)
nearest two decimal points) thousand)

TOTAL HK$

We irrevocably and unconditionally offer, upon the terms and subject to the conditions set out or referred to in this Tender Form, to
subscribe for the Notes at the subscription price(s) and in the amount(s) specified above and authorise you to debit from our
Settlement Account the amount payable for any Notes that are allotted to us under any of the above tenders.

Person to contact in case of query : ____________________ (Tel: ________________)

MA use only
Signature(s) Test Number verified by :

Authorised Signature(s) and/or Test Number

Important: For fax transmission, please provide Test Number for the total principal amount #tendered for/to be cancelled.

Note: The terms upon which this Tender Form was issued, and subject to which any tender is deemed to be made are set
out, or otherwise specified, on the reverse of this form.
* : Cancel whole tender application only.
# : Please delete as inappropriate.
 (MA use only)
ACCEPTANCE ON BEHALF OF THE HKMC

Principal Amount Subscription Price Amount Payable

TOTAL HK$

Accepted: ………………………………
For Monetary Authority

Title: ……………………………………

Date: ……………………………………

From: ( )
(Recognized Dealer) Code

1. This Tender Form has been made available by the MA on behalf of the HKMC to dealers appointed by the MA for
the purposes of the Programme (“Recognized Dealers”).

2. In arranging the issue of Notes, the MA is acting solely as the agent of the HKMC - neither the issue of the Tender
Form by the MA, the submission of the Tender Form by a Recognized Dealer nor the acceptance of any tender by the
MA or the HKMC will give rise to any contractual relationship between the relevant Recognized Dealer and the MA.

3. The submission of a Tender Form to the MA will constitute an irrevocable and unconditional offer by the relevant
Recognized Dealer to the HKMC to subscribe for Notes in the amounts and at the prices indicated overleaf and may be
accepted in whole or in part by the MA on behalf of the HKMC. The MA, in consultation with the HKMC, reserves the
right not to allot all the Notes, or to scale down the allotment to any Recognized Dealer. Such offer, once accepted in
whole or in part by the MA on behalf of the HKMC (such acceptance to be conclusively evidenced by the completion
and signature for or on behalf of the MA of the Acceptance at the bottom of this Tender Form), will result in a contract
(“Tender Contract”) between the relevant Recognized Dealer and the HKMC for the allotment and subscription of
Notes in the amounts and at the subscription price(s) accepted by the MA subject to and on the terms set out below:

the Tender Contract incorporates (and the Notes will be subscribed for and issued in accordance with and subject to)
all of the provisions set out in the standard form Schedule current at the date of the contract, which Schedule is entitled
“The Hong Kong Mortgage Corporation Limited –HK$20,000,000,000 Note Issuance Programme – Standard Tender
Contract Schedule” and is available for inspection at the offices of the MA at 55th Floor ,Two International Finance
Centre, 8 Finance Street, Central, Hong Kong;

the Notes will be constituted by a trust deed (as amended, supplemented or novated, the “Trust Deed”) dated 6
January 1998 between the HKMC and Bermuda Trust (Far East) Limited as trustee, and holders of the Notes will be
entitled to the benefit of, and will be bound by, and deemed to have notice of, the provisions of the Trust Deed; and

the Notes will be issued on the terms and subject to the Conditions set out in the Notes (including the terms and
conditions endorsed thereon or incorporated by reference therein substantially in the form set out in the Trust Deed (a
summary of which is set out, for information purposes only, in the Prospectus relating to the Programme), read
together with (and subject to) the Tender Notice referred to overleaf).
 Appendix G.12

G.12 HKMC TENDER FORM For Non-Competitive Tenders

Important

If you are in any doubt about this Tender Form you should consult your stockbroker, bank manager, solicitor, professional
accountant or other professional adviser

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this Tender Form, makes no representation as
to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance
upon the whole or any part of the contents of this Tender Form.

A copy of this Tender Form, the Prospectus dated 17 August 2001 for the Programme and the Supplemental Prospectus dated 17
August 2001 for the Notes, together with the documents, if any, referred to as being so registered under “General Information” in any
applicable Supplemental Prospectus for the Notes referred to below has been registered by the Registrar of Companies. Neither the
Securities and Futures Commission nor the Registrar of Companies in Hong Kong takes any responsibility as to the contents of any of
the above documents.

The Hong Kong Mortgage Corporation Limited (the “HKMC”)

Note Issuance Programme (the “Programme”)
(established by an Agreement (as amended supplemented or novated) dated 6 January 1998 between the HKMC,
the Monetary Authority (the “MA”) and Bermuda Trust (Far East) Limited)

TENDER FORM – NON COMPETITIVE

To: Monetary Authority Date of Message: _________________

From: Hong Kong Securities Clearing Company Limited (HKSC )

(Recognized Dealer) Code

We hereby #submit/cancel on behalf of and as agent for applicants in the offering for public subscription of notes (“Notes”) to be
issued by the HKMC under the Programme details of which are set out or referred to in the Tender Notice in respect of the Issue
specified below the following non-competitive tender(s) to subscribe for the Notes:

Tender Issue Number ________________________ in respect of Issue dated ______________________________

Principal amount tendered for

In multiples of HK$50,000 For use only by the MA
(HK$ fifty thousand)

We irrevocably and unconditionally offer on behalf of, and as agent for, applicants in the offering for public subscription of the Notes
upon the terms and subject to the conditions set out or referred to in this Tender Form, to subscribe for the Notes at the subscription
price determined as the average accepted price in the competitive tender by Recognized Dealers and in the amount specified above
and authorise you to debit from our Settlement Account the amount payable for any Notes that are allotted to us under the above
tender.

Person to contact in case of query : ____________________ (Tel: ________________)

MA use only
Signature(s) Test Number verified by :

Authorised Signature(s) and/or Test Number

Important: For fax transmission, please provide Test Number for the total principal amount #tendered for/to be cancelled.

Note: The terms upon which this Tender Form was issued, and subject to which any tender is deemed to be made are set
out, or otherwise specified, on the reverse of this form.
* : Cancel whole tender application only.
# : Please delete as inappropriate
 (MA use only)
ACCEPTANCE ON BEHALF OF THE HKMC

Principal Amount Subscription Price Amount Payable

Accepted: ………………………………
For Monetary Authority

Title: ……………………………………

Date: ……………………………………

From: Hong Kong Securities Clearing Company Limited ( HKSC )

(Recognized Dealer) Code

1. This Tender Form has been made available by the MA on behalf of the HKMC to Hong Kong Securities Clearing Company
Limited (“Hongkong Clearing”), a Recognized Dealer appointed by the MA for the purposes of setting aside a portion of the Notes for
public subscription.

2. In arranging the issue of Notes, the MA is acting solely as the agent of the HKMC neither the issue of this Tender Form by the
MA, the submission of this Tender Form by Hongkong Clearing nor the acceptance of any tender by the MA or the HKMC will give rise
to any contractual relationship between Hongkong Clearing and the MA.

3. The submission of this Tender Form to the MA will constitute an irrevocable and unconditional offer by Hongkong Clearing to the
HKMC on behalf of and as agent for applicants in the offering for public subscription of Notes to subscribe for Notes in the amount
indicated overleaf and may be accepted in whole or in part by the MA on behalf of the HKMC. The MA, in consultation with the
HKMC, reserves the right not to allot all the Notes, or to scale down the allotment to Hongkong Clearing. Such offer, once accepted in
whole or in part by the MA on behalf of the HKMC (such acceptance to be conclusively evidenced by the completion and signature for
or on behalf of the MA of the Acceptance at the bottom of this Tender Form), will result in a contract (“Tender Contract”) between the
Hongkong Clearing (acting as agent as aforesaid) and the HKMC for the allotment and subscription of Notes in the amounts and at
the subscription price(s) accepted by the MA subject to and on the terms set out below:

the Tender Contract incorporates (and the Notes will be subscribed for and issued in accordance with and subject to) all of the
provisions set out in the standard form Schedule current at the date of the contract, which Schedule is entitled “The Hong Kong
Mortgage Corporation Limited –HK$20,000,000,000 Note Issuance Programme – Standard Tender Contract Schedule” and is
available for inspection at the offices of the MA at 55th Floor ,Two International Finance Centre, 8 Finance Street, Central,
Hong Kong g;

the Notes will be constituted by a trust deed (as amended, supplemented or novated, the “Trust Deed”) dated 6 January 1998
between the HKMC and Bermuda Trust (Far East) Limited as trustee, and holders of the Notes will be entitled to the benefit of, and
will be bound by, and deemed to have notice of, the provisions of the Trust Deed; and

the Notes will be issued on the terms and subject to the Conditions set out in the Notes (including the terms and conditions endorsed
thereon or incorporated by reference therein substantially in the form set out in the Trust Deed (a summary of which is set out, for
information purposes only, in the Prospectus relating to the Programme), read together with (and subject to) the Tender Notice
referred to overleaf).
 Appendix G.13

G.13 The Kowloon-Canton Railway Corporation ( “KCRC”) Tender Form

Note Issuance Programme (THE “Programme”)
(established by an agreement, dated 22 April, 1999 between KCRC,
the Monetary Authority (the “MA”) and Bermuda Trust (Far East) Limited)

TENDER FORM
New/Cancel*

To: Monetary Authority Date of Message: _________________

From: ( )
(Recognized Dealer) Code

We hereby #submit/cancel the following tender(s) to subscribe for the notes (“Notes”) to be issued by KCRC under the Programme
details of which are set out or referred to in the Tender Notice in respect of the Issue specified below:

Tender Issue Number ________________________ in respect of Issue dated ______________________________

Subscription price bid in descending Principal amount tendered Amount payable if allotted in For use only by the Monetary
order for each Note (expressed as a for (in multiples of and of a full (HK$ to the nearest cent) Authority
percentage of the principal amount of minimum bid as specified in
a Note to the nearest two decimal the tender notice)
points)

Total HK$

We irrevocably and unconditionally offer, upon the terms and subject to the conditions set out or referred to in this Tender Form, to
subscribe for the Notes at the subscription price(s) and in the amount(s) specified above and authorize you to debit our settlement
account the amount payable for any Notes that are allotted to us under any of the above tenders.

Person to contact in case of query : ____________________ (Tel: ________________)

MA use only
Signature(s) Test Number verified by :

Authorised Signature(s) and/or Test Number

Important: For fax transmission, please provide Test Number for the total principal amount #tendered for/to be cancelled.

Note: The terms upon which this Tender Form was issued, and subject to which any tender is deemed to be made, are
set out, or otherwise specified, on the reverse of this form.

(MA use only)

ACCEPTANCE ON BEHALF OF KCRC

Principal Amount Subscription Price Amount Payable

TOTAL HK$

* : Cancel whole tender application only.

# : Please delete as inappropriate
Accepted: ………………………………
For Monetary Authority

Title: ……………………………………

Date: ……………………………………

From: ( )
(Recognized Dealer) Code

1. This Tender Form has been made available by the MA on behalf of KCRC to dealers appointed by the MA for the
purpose of the Programme (“Recognized Dealers”)

2. In arranging the issue of Notes, the MA is acting solely as the agent of KCRC neither the issue of the Tender
Form by the MA, the submission of the Tender Form by a Recognized Dealer nor the acceptance of any tender by the
MA or KCRC will give rise to any contractual relationship between relevant Recognized Dealer and the MA.

3. The submission of a Tender Form to the MA will constitute an irrevocable and unconditional offer by the relevant
Recognized Dealer to KCRC to subscribe for Notes in the amounts and at the prices indicated overleaf and may be
accepted in whole or in part by the MA on behalf of KCRC. The MA, in consultation with KCRC, reserves the right not
to allot all the Notes, or to scale down the allotment to any Recognized Dealer. Such offer, once accepted in whole or
in part by the MA on behalf of KCRC (such acceptance to be conclusively evidenced by the completion and signature
for or on behalf of the MA of the Acceptance at the bottom of this Tender Form), will result in a contract (“Tender
Contract”) between the relevant Recognized Dealer and KCRC for the allotment and subscription of Notes in the
amounts and at the subscription price(s) accepted by the MA subject to and on the terms set out below:

the Tender Contract incorporates (and the Notes will be subscribed for and issued in accordance with and subject to)
all of the provisions set out in the standard form schedule current at the date of the contract, which Schedule is entitled
“The Kowloon-Canton Railway Corporation – HK$10,000,000,000 Note Issuance Programme – Standard Tender
Contract Schedule” and is available for inspection at the offices of the MA at 55th Floor ,Two International Finance
Centre, 8 Finance Street, Central, Hong Kong;

the Notes will be constituted by a trust deed (as amended, supplemented or novated, the “Trust Deed”) dated 22 April
1999 between KCRC and Bermuda Trust (Far East) Limited as trustee, and holders of the Notes are entitled to the
benefit of, and are bound by, and deemed to have notice of, the provisions of the Trust Deed; and

the Notes will be issued on the terms and subject to the Conditions set out in the Notes (including the terms and
conditions endorsed thereon or incorporated by reference therein substantially in the form set out in the Trust Deed (a
summary of which is set out, for information purposes only, in the Information Memorandum relating to the
Programme), read together with (and subject to) the Tender Notice referred to overleaf).
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix G.14

The Hong Kong Special Administrative Region

of the People’s Republic of China
G.14 Government Bond Programme - Institutional Bond Issuance
Programme - Competitive Tender Form

To: Monetary Authority Date :

_________
From
: __________________________________________________ (___________)
Primary Dealer Code

We hereby submit the following tender(s) for the Bonds :

Bonds Issue Number _____________________ to be issued on _________________________ (Date)

Participant’s TRN (for new bid) :___________________________________ (max 16 chars)

Participant’s TRN ( for cancellation): ___________________________________ (max 16 chars)

Price bid in CCY Nominal Amount Currency and For use only by the
descending order bid for (in Mn) Amount payable Monetary Authority
(percent to the if allotted in full
nearest two decimal (rounded to the
points) nearest cent)

TOTAL: HK$ Mn
We authorize you to debit from our settlement account the amount payable for any Bonds
that are allotted to us under any of the above tenders.
HKMA use only
Person to contact in case of query : ___________________ (Tel: _______________ ) Signature(s) / Test
No.
Verified by:
Authorized Signature(s) or Test Number on total amount
Company Chop

IMPORTANT: For fax transmission, please provide Test Number for the total nominal value tendered for.
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix G.15

G. The Hong Kong Special Administrative Region

of the People’s Republic of China
G.15 Government Bond Programme - Retail Bond Issuance
Programme - Subscription Application Form
To: Monetary Authority Date : _____________
From:
________________________________________ (________________)
Name of Placing Bank / HKSCC Code

We hereby submit the following subscription application for the Bonds:

Bonds Issue Number _______________________ to be issued on ________________________(Date)

Application Number Nominal Value applied for For use only by the
(in a format as agreed (in HK$) Monetary Authority
with the Monetary
Authority)

TOTAL: HK$ Mn

We authorize you to debit from our settlement account the amount payable for any Bonds
that are allotted to us under the above application.
HKMA use only
Person to contact in case of query : ____________________ (Tel: _______________) Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on total amount

Company Chop

IMPORTANT: For fax transmission, please provide Test Number for the total nominal value tendered for.
 Hong Kong Monetary Authority
Appendix G.16
Central Moneymarkets Unit

G.16 Underwriting Arrangement for EFCS issues

Eligible Market Makers (EMMs) have equal obligation to underwrite all issues of EFNs.
In any one issue, if the total quantity of Notes applied by EMMs is less than the issuance
size available to competitive tender, the issue is regarded as under-subscribed. The
weighted-average price of successful applications is first calculated. The unsubscribed
portion of the issue is then assigned to EMMs at the weighted-average price. Amount
assigned must be in multiples of minimum denomination, which is HK$50,000. Several
key terms are defined as follows for the purpose of describing the underwriting
arrangements.

Amount Applied The total quantity of an issue applied by an individual EMM.

Amount Assigned The quantity of an issue assigned to an individual EMM under the
underwriting arrangements.

Allotment The sum of Amount Applied and the Amount Assigned

The underwriting obligations of EMMs are determined according to the following method:

Let X be the total issuance size available to competitive tender, and N be the number of
EMMs.

Rank the EMMs according to Amount Applied: {EMM1, EMM2, … EMMN}. EMM1 has the
highest Amount Applied and EMMN the lowest.

Let Qi be the Amount Applied by EMMi, such that

Q1≧Q2≧…QN

The largest possible integer K is identified such that:

QK 
X  K
i 1
Qi  (1≦K≦N)
N  K 
EMM1 to EMMK are exempted from the underwriting. If there does not exist a value of K
which can meet the condition stated in Point 4, then all EMMs are required to underwrite
the unsubscribed portion, and the value of K is set as zero. EMMK+1 to EMMN are
required to underwrite the unsubscribed portion, such that each of {EMMK+1, EMMK+2, … ,
EMMN} ends up with the same Allotment. This can be graphically illustrated below, with
the bars representing Amount Applied, and the area representing the Amount Assigned.
The area is precisely equal to the unsubscribed portion of the issue.

Page 1 of 4
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Graphical Illustration of Underwriting Arrangements

Amount Assigned
Amount Applied

EMM 1 EMM 2 EMM 3 EMM 4 EMM 5 EMM 6 EMM 7 EMM 8 EMM 9 EMM 10 EMM 11 EMM 12

To make each of {EMMK+1, EMMK+2, … , EMMN} ends up with the same Allotment, such
Allotment, denoted as A, is obtained by rounding down the following quantity:

X   K
i 1
Qi  to the nearest multiple of HK$50,000; or
N  K 
X
to the nearest multiple of HK$50,000, only if all EMMs are required to underwrite.
N

Thus, the Amount Assigned for EMMi is given by: A–Qi

Any remaining unallocated Notes (i.e., odd lots) will be balloted among {EMMK+1,
EMMk+2, … , EMMN}

A numerical example is shown in Table 1 to 3 for illustration:

In Table 1, 12 EMMs submitted their application for an EFN with an issuance size of
1200mn for competitive tender.

Table 2 ranks the EMMs according to Amount Applied.

The maximum integer K is identified to be 4 (applying condition in Point 4 above).

EMM1 to EMM4 are exempted from the underwriting. EMM5 to EMM12 are required to
underwrite the unsubscribed portion, such that each of {EMM5, EMM6, … , EMM12} ends
up with the same Allotment.

Page 2 of 4
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Allotment is obtained by rounding down the following quantity:
X   K
i 1
Qi  = (1200 – 635.5) / 8 (in millions)
N  K 
= 70.563 i.e. 70.55 (rounded down)

The remaining odd lots of 100,000 will be balloted to EMM5 to EMM12, two of which are
randomly selected, each taking up 50,000.

The result of underwriting is shown in Table 2 on the last 2 columns on the right. In the
case of EMM9, it receives 70.6 mn, 30 mn of which is based on the EMM’s original
application, 40.55 mn from its underwriting obligation, and 0.05mn from ballot.

The final allocation in this numerical example is shown in Table 3, with Amount Assigned
highlighted in red.

Table 1: A numerical example of under-subscription

Submitted Quantity
price applied
(HK$'000)
EMM 1 100.90 45,500
EMM 1 100.85 200,000
EMM 1 100.80 50,000
EMM 2 100.85 50,000
EMM 2 100.80 100,000
EMM 3 100.75 100,000
EMM 4 100.85 90,000
EMM 5 100.85 50,000
EMM 6 100.75 50,000
EMM 7 100.80 20,000
EMM 7 100.75 30,000
EMM 8 100.85 10,000
EMM 8 100.80 20,000
EMM 9 100.85 30,000
EMM 10 100.90 1,000
EMM 10 100.85 1,000
EMM 10 100.80 8,000
EMM 11 100.80 10,000
EMM 12 100.75 10,000
Maximum 100.90
Minimum 100.75
Average accepted 100.82
price
Issuance Size 1,200,000
Total subscription 875,500

Unsubscribed 324,500
amount

Page 3 of 4
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Table 2: Computation of Amount Assigned (HK$’000)
Quantity Amount Assigned Rounded Balloted Amount Allotment
applied down odd lots Assigned -
(HK$'000) Final
EMM 1 295,500 0 0 n.a. 0 295,500
EMM 2 150,000 0 0 n.a. 0 150,000
EMM 3 100,000 0 0 n.a. 0 100,000
EMM 4 90,000 0 0 n.a. 0 90,000
EMM 5 50,000 20,563 20,550 0 20,550 70,550
EMM 6 50,000 20,563 20,550 0 20,550 70,550
EMM 7 50,000 20,563 20,550 0 20,550 70,550
EMM 8 30,000 40,563 40,550 0 40,550 70,550
EMM 9 30,000 40,563 40,550 50 40,600 70,600
EMM 10 10,000 60,563 60,550 0 60,550 70,550
EMM 11 10,000 60,563 60,550 0 60,550 70,550
EMM 12 10,000 60,563 60,550 50 60,600 70,600
Total 875,500 324,500 324,400
Unsubscribed amount 324,500
Odd lots to be balloted 100

Table 3: Final allotments after assigning the unsubscribed portion

Allotment Quantity
Price Allotted
(HK$'000)
EMM 1 100.90 45,500
EMM 1 100.85 200,000
EMM 1 100.80 50,000
EMM 2 100.85 50,000
EMM 2 100.80 100,000
EMM 3 100.75 100,000
EMM 4 100.85 90,000
EMM 5 100.85 50,000
EMM 5 100.82 20,550
EMM 6 100.75 50,000
EMM 6 100.82 20,550
EMM 7 100.80 20,000
EMM 7 100.75 30,000
EMM 7 100.82 20,550
EMM 8 100.85 10,000
EMM 8 100.80 20,000
EMM 8 100.82 40,550
EMM 9 100.85 30,000
EMM 9 100.82 40,600
EMM 10 100.90 1,000
EMM 10 100.85 1,000
EMM 10 100.80 8,000
EMM 10 100.82 60,550
EMM 11 100.80 10,000
EMM 11 100.82 60,550
EMM 12 100.75 10,000
EMM 12 100.82 60,600

Remarks: The above underwriting mechanism is also applicable for Government Bonds.

Page 4 of 4
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix G.17

G.17 HKMA USD Liquidity Facility

Tender Application via MT599

Please find the below information on the format specification of SWIFT MT599 for
tender application in respect of USD liquidity facility. To ensure straight through
processing at the CMU, members are advised to follow the format strictly.

Message Type: MT599

Receiver BIC: HKMAHKHC
Example for new Example for
Field Field Content & Description request cancellation
Participant’s transaction reference
MAREPO MAREPOC
:20: number (TRN)
:21: TRN of tender bid to be cancelled MAREPO
:79: MAUSDREPO: MAUSDREPO:NEW MAUSDREPO:CANC
NEWN for new request N MEMCODE:AAAA
CANC for cancellation MEMCODE:AAAA BIDRATE:4.2
MEMCODE: CMU Member Code BIDRATE:4.2 BIDSIZE:1000
BIDRATE: Bid Rate should be in per BIDSIZE:1000 SETBK:BANKBICX
cent rounded to two decimal points SETBK:BANKBICX AC 000000001
subject to a minimum bid-rate^ AC 000000001 NAME:David Chan
BIDSIZE: Bid Size in USD Mn, subject NAME:David Chan PHONE:123456789
to minimum USD100 Mn and integral PHONE:123456789 EMAIL:DavidChan(A
multiples of USD100 Mn EMAIL:DavidChan(A T)email.com
SETBK: Full details of USD settlement T)email.com
account, including name of
corresponding bank, name of final
beneficiary (must be own account),
bank account number or CHIPS
number.
NAME: Name of contact person
PHONE: Phone number of contact
person
EMAIL: Email of contact person
^ The minimum bid-rate is set out in the Summary of Terms of the US Dollar Liquidity Facility on the HKMA
website: https://www.hkma.gov.hk/eng/key-functions/money/liquidity-facility-framework/us-dollar-liquidity-
facility/summary-of-terms/
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix G.18

G.18 HKMA USD Liquidity Facility Tender Form

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of the License Bank Code

We hereby submit/cancel* the following tender for HKMA USD Liquidity Facility.

Details of tender are as follows:

Participant’s TRN (max 16 chars) :________________________________

Participant’s TRN (for cancellation only) :________________________________

For HKMA use

Bid Rate Bid Size only
(Per cent rounded to two (in USD Mn subject to
decimal points subject to a minimum USD100 Mn and
minimum rate^) integral multiples of USD100 Mn) Allotted size
(in USD Mn)

^ The minimum bid-rate is set out in the Summary of Terms of the US Dollar Liquidity Facility on the HKMA
website: https://www.hkma.gov.hk/eng/key-functions/money/liquidity-facility-framework/us-dollar-liquidity-
facility/summary-of-terms/.

Details of USD settlement account : _____________________________________

(must be own account) _____________________________________

_____________________________________

Contact person : _____________________________________

Telephone : _____________________________________

Email : _____________________________________

Enquiries related to this tender form should be directed to the CMU at

(852) 2878 8146 to 8149 or [email protected].

Authorized Signature(s) or Test Number on CCY/bid size

Company Chop
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix
IMPORTANT: For fax transmission, please provide Test Number for the total tender size tendered for/ to be H.1
cancelled*. * Please delete as inappropriate.

H.1 Government Bond Swap Facility and Switch Tender

Request Form (New/ Rollover/ Cancellation*)
To : Monetary Authority Date :
Facsimile: (852) 2878 1676-7 Participant Ref. No. :
Email : [email protected] HKMA Ref. No. :

From : ( )
Name of Participant Code

Type of request New/Rollover/Cancellation*

For rollover/cancellation*, state the Participant Participant Ref. No.
Ref. No. and HKMA Ref. No. of the existing*
Request HKMA Ref. No.

Initiation Date:
Reversal Date:
Instrument Number of Requested Bonds:
Requested nominal value:
(minimum HK$10 million, and in multiples of
HK$50,000 thereafter)
Instrument Number of the Eligible Bonds:

We irrevocably and unconditionally accept the relevant terms & conditions set out in the
Master Issuance and Redemption Agreement; the Operating Procedures for Bond Swap
Facility; the Exchange Fund Bills and Notes Clearing and Settlement System Reference
Manual; and/or any rules and regulations as prescribed by the Monetary Authority from
time to time, including but not limited to the Monetary Authority debiting from our
settlement account any relevant sums for purposes as described in the Operating
Procedures for Bond Swap Facility.
Contact in case of query:-
Name: Tel:
E-mail: Fax:
HKMA use only
Signature(s)/Test
No.
Authorized Signature(s) or Test Number on nominal value of Verified by:
Requested Bonds
____________________________________________________________________________________
IMPORTANT: 1 For all requests, please send this form to CMU no later than 3:00 p.m.
2. Please quote original HKMA’s Ref. No. and Participant Ref. No. as
appropriate.
3. Instrument number can be Issue No., Common Code or ISIN.
* Please delete as appropriate.
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix H.2

Government Bond Programme

H.2 Institutional Bond Issuance Programme
Bond Swap Facility - Confirmation
From : Monetary Authority Date :
Facsimile: (852) 2878 1676-7 Participant Ref. No. :
Email : [email protected] HKMA Ref. No. :

To : ( )
Name of Participant Code

This is to inform you of the status of the Bond Swap Request (Your Reference: [Ref. No.])
(“Request”) submitted by you today.

Type of Request: New/Rollover/Cancellation*

Valid Request (Only for New/Rollover Request): Yes/No*
Initiation Date:
Reversal Date:
Instrument Number of Requested Bonds:
Price of Requested Bonds: (Same as Official Fixings) (Yes/No*)
Requested nominal value:
Instrument Number of Eligible Bonds:
Price of Eligible Bonds: (Same as Official Fixings) (Yes/No*)
Calculated nominal value:
Rejection reason (if applicable):

Settlement information on Initiation Date

Requested Bond No. Nominal Amount (Mn) Seller a/c no. Buyer a/c no. Initiation Date
AAAA007

Eligible Bond No. Nominal Amount (Mn) Seller a/c no. Buyer a/c no. Initiation Date
AAAA006

Settlement information on Reversal Date

Equivalent Requested Bond No. Nominal Amount (Mn) Seller a/c no. Buyer a/c no. Reversal Date
AAAA007

Equivalent Eligible Bond No. Nominal Amount (Mn) Seller a/c no. Buyer a/c no, Reversal Date
AAAA006

Contact in case of query:-

Name: Tel:
E-mail: Fax:

Authorized Signature(s) or Test Number on nominal value of

Requested Bonds for Initiation, Eligible Bonds for rollover HKMA use only
* Please delete as appropriate. Signature(s)/Test
No.
IMPORTANT: 1. Transfer of Bonds to be effected free of payment.
2. Instrument no. can be Issue No., Common Code or ISIN.. Verified by:
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix H.3
Government Bond Programme
H.3 Institutional Bond Issuance Programme
Bond Swap Facility- Eligible Bonds required at Initiation

Nominal value of the Eligible Bonds required at Initiation is

calculated as follows:

MVRB
Nominal value of Requested Bonds x
DMVEB
(rounded up to the nearest HK$50,000)

where, MVRB = Market Value of Requested Bonds on the Requesting Date

DMVEB = Discounted Market Value of Eligible Bonds on the Requesting
Date

“Market Value” will be calculated as follows:

Price Coupon Rate I

Market Value = ( + x )
100 100 365

where, I = Number of calendar days since the last interest payment date
(or if no interest payment has been made, the number of
calendar days since the issue date) up to but excluding the
scheduled Initiation Date

“Discounted Market Value” is calculated as follows:

Discounted Market Value = Market Value x (1 – HC)

where, HC = Based on the remaining maturity of Eligible Bonds on the

scheduled Initiation Date

Remaining maturity HC
Not more than 1 year 0.5%
1 year to not more than 5 years 2.0%
5 years or above 4.0%
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix H.4

Government Bond Programme

H.4 Institutional Bond Issuance Programme
Bond Swap Facility - Failed Reversal Penalty

To be calculated and debited on the scheduled Reversal Date :

D
Higher of (V1, V2) x R x
365

where, V1 = Value of the Requested Bonds based on Official Fixings Price on the
Initiation Date
V2 = Value of the Requested Bonds based on Official Fixings Price on
the scheduled Reversal Date
R = Base Rate + 2.00%
D = Number of calendar days from and including Initiation Date up to
but excluding the scheduled Reversal Date
365 = Number of calendar days in a year (disregarding any leap year)

“Value” will be calculated as follows :

Price Coupon Rate I

Value = Nominal Value x ( + x )
100 100 365

where, I = Number of calendar days since the last interest payment date
(or if no interest payment has been made, the number of
calendar days since the issue date) up to but excluding the
scheduled Reversal Date
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix H.5
Government Bond Programme
H.5 Institutional Bond Issuance Programme
Bond Swap Facility
Failed Bond Swap Facility Transaction Notification Form
From : Hong Kong Monetary Authority Date :
Facsimile: (852) 2878 1676-7 Participant Ref. No. :
Email : [email protected] HKMA Ref. No. :

To : ( )
Name of Participant Code

This is to inform you that in relation to the Bond Swap Request (Our Reference:
[Ref. No.]/Your Reference: [Ref No.]) (the “Request”), your institution has not
delivered the relevant required Bonds and therefore the relevant Reversal will not
be processed.

In accordance with the terms and conditions of Operating Procedures for Bond
Swap Facility, the Monetary Authority hereby gives notice that [HK$x] will be
debited from your settlement account maintained with the Monetary Authority
around 3:00 pm today, as calculated based on the information set out below.
Terms contained herein have the same meaning as those in the Operating
Procedures for Bond Swap Facility.

Outright Purchase Cost*

Calculated amount of failed reversal penalty*
V1*
V2*
R*
D*

Person to contact in case of query: (Tel: )

Authorized Signature(s) or Test Number on [HK$x]

* Please delete as appropriate.

 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix H.6

Government Bond Programme

H.6 Institutional Bond Issuance Programme
Switch Tender - Failed Penalty

To be calculated and charged on the settlement day:

D
Higher of (V1, V2) x R x
365

where, V1 = Value of Redeemed Bonds based on the Redemption Price

announced in the relevant tender notice
V2 = Value of Redeemed Bonds as at the settlement day based on that
day’s Official Fixings
R = Base Rate + 2.00%
D = Number of days from and including the tender day up to but
excluding the settlement day
365 = Number of days in a year (disregarding any leap year)

“Value” will be calculated as follows –

Price Coupon Rate I
Value = Nominal Value x ( + x )
100 100 365

where, I = Number of calendar days since the last interest payment date (or if
no interest payment has been made, the number of calendar days
since the issue date) up to but excluding the settlement day
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix H.7
Government Bond Programme
H.7 Institutional Bond Issuance Programme - Switch Tender
Failed Switch Tender Transaction Notification Form
From : Monetary Authority Date :
Participant Ref. No. :
Facsimile: (852) 2878 1676-7
Email : [email protected] HKMA Ref. No. :

To : ( )
Name of Participant Code

This is to inform you that in relation to the Switch Tender from [Issue Number of the
Redeemed Bonds] to [Issue Number of the Replacement Bond] held on [DATE], your
institution has not made the relevant required settlement arrangements and is deemed
to have refused to accept any of the Bonds allotted to your institution.

In accordance with the terms and conditions set out in the Operating Procedures for
Switch Tender and the authorization given to us in your tender application, the Monetary
Authority hereby gives notice that [HK$x] will be debited from your settlement account
maintained with the Monetary Authority around 3:00 p.m. today, as calculated based on
the information set out below. Terms contained herein have the same meaning as those
in the Operating Procedures for Switch Tender.

Outright Purchase Cost*

Calculated amount of failed penalty*
V1*
V2*
R*
D*

Person to contact in case of query : (Tel: )

Authorized Signature(s) or Test Number on [HK$x]

* Delete as appropriate.

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix I.1

I.1 Securities Transfer Form (New/ Cancel*)

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Please transfer securities in accordance with the following instructions :

For CMU Account : for value on

DELIVER TO
Participant’s TRN Participant’s Counterparty Instrument Quantity Settlement Settlement Matching
(for new TRN (for (Code) Number (Mn) currency Amount only
instruction) (max cancellation) indicator
16 char) /or pool ref* (Yes/No)
(max 16 char)

TOTAL (A)

RECEIVE FROM
Participant’s TRN Participant’s Counterparty Instrument Quantity Settlement Settlement Matching
(for new TRN (for (Code) Number (Mn) currency Amount only
instruction) (max cancellation) indicator
16 char) /or pool ref* (Yes/No)
(max 16 char)

TOTAL (B)

HKMA use only

Person to contact in case of query : (Tel: ) Signature (s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on total quantity

Company Chop
____________________________________________________________________________________
IMPORTANT : 1. For fax transmission, provide Test Number for SUM of (A) plus (B)
2. Please send this form to CMU no later than 6:00 p.m.
3. Please quote original Participant TRN/Deal Code* and a new Participant TRN for cancellation or
pool ref
4. Instrument number can be Issue No., Common Code or ISIN.
* Please delete as appropriate. # It must be real time for transfer of Exchange Fund Bills and Notes and Govt Bonds

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix I.2

I.2 Examples of Linked Transaction

I.2 Example of Single Delivery Linked Transaction
I.2.1 Simple Linear Link involving 3 Members

Example 1
1. Member A has an instruction in place to deliver 10 mn securities to Member B
against payment of HK$8.8mn.
2. Member B has an instruction in place to deliver 10 mn securities to Member C
against payment of HK$9.3mn.

Upon delivery of 10 mn securities from Member A to Member B’s Securities Account,

the securities is reserved for Member C. Upon completion of instruction 1, instruction 2
will be settled accordingly.

Linked Receipt
Instruction of Member B

10 M Reserved Securities for

Put 10 M “On Hold” Linked Delivery
Securities Instruction of Member B

$8.8 M

Member A Member B

Delivery
Instruction

Linked Delivery
Instruction of Member B Get 10 M

Pool Reference 10 M
“LINK-001”

$9.3 M

Member B Member C

Receipt
Instruction

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix I.2

I.2.2 Simple Linear Link involving 3 Members but required Additional

Securities debited from Account

Example 2
1. Member A has an instruction in place to deliver 10 mn securities to Member B
against payment of HK$8.8mn.
2. Member B has an instruction in place to deliver 12 mn securities to Member C
against payment of HK$11.3 mn.

Upon delivery of 10 mn securities from Member A to Member B’s Securities Account,

the securities is reserved for Member C. An additional 2 mn of securities is debited
from the Securities Account of Member B in order to settle the delivery of instruction 2.

Linked Receipt
Instruction of Member B

10 M
Put 10 M Reserved Securities for
“On Hold” Linked Delivery
Securities Instruction of Member B
$8.8 M

Member A Member B
Delivery
Instruction

Linked Delivery Get 10 M

Instruction of Member B Securities
A/C
12 M
Pool Reference
“LINK-001” Get 2 M
$11.3 M

Member B Member C
Receipt
Instruction

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix I.3

I.3 Example of Multiple Delivery Linked Transaction

I.3.1 Single Receipt with Multiple Linked Delivery Instructions

Example 3
1. Member A has an instruction in place to deliver 10 mn securities to Member B
against payment of HK$8.8 mn.
2. Member B has an instruction in place to deliver 2 mn to Member C against
payment of HK$1.9 mn
3. Member B has another instruction in place to deliver 8 mn to Member D against
payment of HK$7.6 mn.

Upon delivery of 10 mn securities from Member A to Member B’s Securities Account,

the securities is reserved for onward delivery of 2 mn to Member C and 8 mn to
Member D. Upon completion of transactions 1, subsequent settlement of delivery
instructions of 2 and 3 are made available.

Linked Receipt
Instruction of Member B

10 M Put 10 M Reserved Securities for

“On Hold”
Linked Delivery
Securities
Instruction of Member B

$8.8 M

Member A Member B
Delivery
Instruction

Two Linked Delivery

Instructions of Member B Get 10 M

2M
Pool Reference
“LINK-001” Deal-1

$1.9 M
Get 2 M Member C

8M

Deal-2

$7.6 M
Get 8 M
Member D
If both Deal-1 and Deal-2 are pending for settlement at the same
time, the “On Hold” securities will be used by the Deal-1 first and
then the remaining will be for Deal-2. Otherwise, the settlement Member B Receipt
sequence will be first-come-first-serve. Instructions

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix I.3

I.3.2 Single Receipt with Multiple Linked Delivery Instructions but required
Additional Securities debited from Account

Example 4
1. Member A has an instruction in place to deliver 10 mn securities to Member B
against payment of HK$8.8 mn.
2. Member B has an instruction in place to deliver 2 mn securities to Member C
against payment of HK$1.9 mn.
3. Member B has another instruction in place to deliver 17 mn securities to
Member D against payment of HK$16.2 mn.

Upon delivery of 10 mn securities from Member A to Member B’s Securities Account,

as instruction 2 comes in first before instruction 3, the securities is reserved for
Member C and instruction 2 is settled first. An additional 9 mn securities is debited
from the Securities Account of Member B for onward delivery of 17 mn to Member D.

Linked Receipt
Instruction of Member B

10 M
Put 10 M Reserved Securities for
“On Hold” Linked Delivery
Securities Instruction of Member B

$8.8 M
Member A Member B
Delivery
Instruction

Two Linked Delivery

Instructions of Member B Get 10 M

2M

Pool Reference Deal-1

“LINK-001”
$1.9 M
Get 2 M
Member C

Get 9 M 17 M
Securities
A/C
Deal-2

If both Deal-1 and Deal-2 are pending for settlement at the same time,
the “On Hold” securities will be used by the Deal-1 first and then the $16.2 M
Get 8 M
remaining will be for Deal-2. Otherwise, the settlement sequence will
be first-come-first-serve. Member D

If Deal-2 is settled before Deal-1 and there is no remaining “On Hold” Member B Receipt
securities after the settlement of Deal-2, then the linked delivery Instructions
instruction of Deal-1 will be rejected.

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix I.4
I.4 Example of a Chain of Linked Transaction involving
Multiple Intermediaries
Example 5
1. Member A has an instruction in place to deliver 10 mn securities to Member B
against payment of HK$8.8 mn.
2. Member B has an instruction in place to deliver 10 mn securities to Member C
against payment of HK$9.3 mn.
3. Member C has an instruction in place to deliver 10 mn securities to Member D
against payment of HK$9.6 mn.

Upon delivery of 10 mn securities from Member A to Member B’s Securities Account,

the securities is reserved for Members C. Upon completion of instructions 2, the 10 mn
securities is reserved for Member D and instruction 3 is settled accordingly.

Linked Receipt
Instruction of Member B

Put 10 M Reserved Securities for

10 M
“On Hold” Linked Delivery
Securities Instruction of Member B

$8.8 M

Member A Member B
Delivery
Instruction

Linked Delivery Linked Receipt

Instruction of Member B Instruction of Member C
Get 10 M

Put 10 M Reserved Securities for

Pool Reference 10 M “On Hold” Linked Delivery
“LINK-001” Securities Instruction of Member C

$9.3 M

Member B Member C

Linked Delivery
Instruction of Member C
Get 10 M

Pool Reference
“LINK-002” 10 M

$9.6 M

Member C Member D

Receipt
Instruction

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix I.5
I.5 Example of Linked Receipt Instruction but missing
Linked Delivery Instruction
Example 6
1. Member A has an instruction in place to deliver 10 mn securities to Member B
against payment of HK$8.8 mn.
2. But there is missing linked delivery instruction from Member B to another
member.

Upon delivery of 10 mn securities from Member A to Member B, the securities is

reserved in Member B’s Securities Account pending for further matching with the
corresponding linked delivery instruction. If there is no linked delivery instruction being
identified before CMUS/EFCS cut-off, the 10 mn securities being held up will be
released and become tradable thereafter.

Linked Receipt
Instruction of Member B

10 M Put 10 M Reserved Securities for

“On Hold” Linked Delivery
Securities Instruction of Member B

$8.8 M

Member A Member B

Delivery
Instruction Pool Reference
At the settlement of a linked receipt instruction, the
“LINK-001”
received securities will be “On Hold” for onward
delivery regardless the available of linked delivery
instruction in CMUP.
Linked Delivery
Instruction of Member B

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix I.6

I.6 Example of Linked Delivery Instruction but missing Linked

Receipt Instruction
Example 7
1. Member B has an instruction in place to deliver 10 mn securities to Member C
against payment of HK$8.8 mn.
2. But there is a missing linked receipt instruction for Member B.

Due to missing/unexecuted linked receipt instruction, Member B does not receive 10

mn securities from another member. Therefore, instruction 1 for Member B to deliver
10 mn securities to Member C cannot be made.

Linked Receipt
Instruction of Member B

Reserved Securities for

“On Hold” Linked Delivery
Securities Instruction of Member B

(Empty)

Linked Delivery
Instruction of Member B
Get 10 M

Pool Reference
“LINK-001”
10 M
If a linked delivery instruction cannot locate a
settled linked receipt instruction with the same
Pool Reference,
it will wait in “Insufficient Stock” status for the $9.3 M
input and settlement of the receipt instruction to
trigger its settlement by the “On Hold”
securities. Member B Member C

Receipt
Instruction

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix I.7

I.7 Example of Single House Transfer with Pool Reference

Example 8
1. Member B has a transfer instruction of 10 mn securities from its 000 to 001
account bearing pool reference.

The house transfer will not be executed as a single house transfer is not a valid
qualifying instruction for linked transaction type.

Linked House Transfer

10 M

Pool Reference Member B Member B Pool Reference

“LINK-001” A/C (000) A/C (001) “LINK-001”

Linked Delivery Linked Receipt

Instruction Instruction

If a linked House Transfer cannot locate a settled / an outstanding linked receipt

instruction or an outstanding linked delivery instruction with the same Pool Reference,
it will wait in “Insufficient Stock” status for the input of linked receipt or delivery
instruction to determine whether it should be a linked receipt or delivery instruction.

Either if a linked delivery instruction is located, it will become a linked receipt instruction;
or if a linked receipt instruction is located, it will become a linked delivery instruction.

Member B Member B
A/C (000) A/C (001)
Linked Receipt Linked Delivery
Instruction Instruction

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix I.8

I.8 Example of Broken Link

Example 9
1. Member A has an instruction in place to deliver 10 mn securities to Member B
against payment of HK$8.8 mn.
2. Member B has an instruction in place to deliver 10 mn securities to Member C
against payment of HK$9.3 mn.

Upon delivery of 10 mn securities from Member A to Member B’s Securities Account,

the securities is reserved for Members C. Due to (i) cancellation and release of the
securities previously held up by Member B (ii) at CMUS/EFCS cut-off, the link is
broken up and the 10 mn securities is no longer held up for further delivery to Member
C.

Linked Receipt
Instruction of Member B

10 M Put 10 M Reserved (“On Hold”)

“On Hold” Securities for Linked
Securities Delivery Instruction of
Member B
$8.8 M

Delivery
Member A Member B
Instruction

Release “On Hold” Release 10 M When the “On Hold” securities is

Securities by member released, the connection between
cancellation or at EFCS/ linked receipt and delivery
CMUS Cutoff Securities instruction will be broken.
A/C
Pool Reference Then, the unsettled linked delivery
“LINK-001” instruction will be rejected because
the link is broken.

Linked Delivery
Instruction of Member B
10 M

$9.3 M
Receipt
Member B Member C
Instruction

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 Hong Kong Monetary Authority Appendix I.9
Central Moneymarkets Unit

I.9 Settlement Flow diagram of real-time CMU Securities

Transfer
On settlement date, securities transfers are settled at real-time with periodic CMU
optimiser running during the day. The following diagram illustrates the settlement
processing flow for different settlement scenarios of matched DvP transactions. Please
note DvP transactions with “matching only indicator” turned on will not be included in the
settlement process.

The settlement flow diagram is applicable to HKD, EUR and CNY DVP transactions.
As for USD DVP, the transaction must have the relevant IFT05/06/31/38/39 in place,
and has successfully passed through the HSBC Sanction Screening System (HSSS)
screening process before it can enter into the CMU settlement cycle.

8:30 11:47 Real-time Settlement Window 14:47 16:00 18:30

Gross CMU Gross CMU Gross CMU Gross
Settlement Optimiser Settlement Optimiser Settlement Optimiser Settlement

DvP 1
Pending
Matched Settled
Payment

DvP 2

Pending
Matched Settled
Payment

DvP 3

Pending Pending
Matched Settled
Payment Payment

DvP 4

Pending Pending
Matched Settled
Payment Payment

DvP 5

Pending Pending Pending

Matched Settled
Payment Payment Payment

DvP 6

Pending Pending Pending

Matched Settled
Payment Payment Payment

DvP 7

Pending Pending Pending Pending

Matched Settled
Payment Payment Payment Payment

DvP 8

Matched Settled*

Sufficient securities and Direct Debit Limit (DDL) checking passed

Insufficient securities or DDL checking not passed
Sufficient fund and payment in normal queue
Insufficient fund or payment in pending queue or payment instruction not generated

* Sufficient fund, securities and DDL checking passed

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 Appendix I.10
Hong Kong Monetary Authority
Central Moneymarkets Unit

I.10 Examples to show hold fund and offsetting process of a typical CMU Optimiser Run
I.10.1 Hold Funds Process

(All values in Million HKD) Bank 001 Bank 002 Bank 888
Member XXXX Member YYYY Member ZZZZ Member AAAA
A/C A/C A/C A/C Ba A/C
000 999 Sttl. 000 000 nk 980
Bank Sttl. Ava. Issue Cas Ava. Issue Bank Sttl. Ava. Issue Ca Sttl. Ava. Issue
Cash Cash DDL A Issue A h DDL A Cash Cash DDL A sh Cash DDL A
Hold Funds Process
Allotment -$90 20 $90
-
DvP 1 $190 -40 $190 40
DvP 2 -$80 19 $80 -19
-
DvP 3 $90 20 $90 -20
DvP 4 -$80 18 $80 -18
-
DvP 5 $100 22 $100 -22
House Transfer -10 10
-
Deposit of Funds via HK RTGS $100
$100
Hold Funds Amount Calculation
Member's total debit amount of all payment & DDL $450 $420 $90 $100 $190 $300 $0 $999
Member's request hold amount after DDL (since 90 < (since 190
checking $420 (since 450 > 420) $90 100) $190 <300) $0
Bank's request hold amount after DDL
checking $510 (= 420 + 90) $190 (not required to hold fund)
CHATS Hold Funds Limit $500 $500
Bank request hold funds amount $500 (since 510 > 500) $190 (since 190 <500)
Hold Funds Request
Available bank balance held $42 $20
Available Intra-day Repo Limit held $30 $0

Member XXXX's total debit amount of all payments: $450 (= debit amounts 90 + 80 + 80 + 100 + 100)

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 Hong Kong Monetary Authority
Central Moneymarkets Unit

I.10.2 Offsetting Process (First Trial)

(All values in Million

HKD) Bank 001 Bank 002 Bank 888
Member XXXX Member YYYY Member ZZZZ Member AAAA
A/C A/C A/C A/C
000 999 A/C 000 Sttl. 000 980
Sec. Cash
Elim. Elim. Create Bank Sttl. Ava. Issue Issu Sttl. Ava. Bank Ca Ava. Bank Sttl. Ava.
Seq. Seq. Time Cash Cash DDL A eA Cash DDL Issue A Cash sh DDL Issue A Cash Cash DDL Issue A
Offsetting Process - First Trial
1A. Securities Balancing
Allotment - 11:30 -$90 20 $90
-
$19
DvP 1 1 9:45 $190 -40 0 40
DvP 2 1 9:47 -$80 19 $80 -19
DvP 3 1 10:08 -$90 20 $90 -20
DvP 4 1 10:39 -$80 18 $80 -18
$10
DvP 5 1 10:40 -$100 22 0 -22
House Transfer 1 10:42 -10 10
Deposit of Funds via HK
- 9:30 -$100 $100
RTGS
Receive/Deliver securities quantity 29 10 20 -39
Available securities balance 5 50 0 18
Offset securities position 34 60 20 -21
1A-1. Eliminate DvP 5 of member ZZZZ for negative securities position
Allotment - 11:30 -$90 20 $90
-
$19
DvP 1 1 9:45 $190 -40 0 40
DvP 2 1 9:47 -$80 19 $80 -19
DvP 3 1 10:08 -$90 20 $90 -20
DvP 4 1 10:39 -$80 18 $80 -18
House Transfer 1 10:42 -10 10
Deposit of Funds via HK
- 9:30 -$100 $100
RTGS
Receive/Deliver securities quantity 7 10 20 -17
Available securities balance 5 50 0 18

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Offset securities position 12 60 20 1
1A-2. Start cash balancing for no negative securities position

(All values in Million

HKD) Bank 001 Bank 002 Bank 888
Member XXXX Member YYYY Member ZZZZ Member AAAA
A/C A/C A/C A/C
000 999 A/C 000 000 980
Sec. Cash
Elim. Elim. Create Bank Sttl. Ava. Issue Issu Sttl. Ava. Bank Sttl. Ava. Bank Sttl. Ava.
Seq. Seq. Time Cash Cash DDL A eA Cash DDL Issue A Cash Cash DDL Issue A Cash Cash DDL Issue A
1B. Cash Balancing - Member's DDL Checking
Allotment 7 11:30 -$90 20 $90
DvP 1 4 9:45 $190 -40 -$190 40
DvP 2 4 9:47 -$80 19 $80 -19
DvP 3 4 10:08 -$90 20 $90 -20
DvP 4 4 10:39 -$80 18 $80 -18
House Transfer - 10:42 -10 10
Deposit of Funds via HK
1 9:30 -$100 $100
RTGS
(DDL (DDL
Offset debit amount & DDL checking $160 $420 ) $90 $100 (DDL ) $0 $300 (DDL) $0 $999 )
1B-1. Start bank cash checking for DDL checking passed without transaction elimination

1C. Cash Balancing - Bank Cash Checking

Debit/Credit bank cash amount -$250 $60
Available bank balance held $42 $20
Available Intra-day Repo Limit held $30 -40 $0 -$30 40
Offset bank cash position -$178 $80 -$30
1C-1. Eliminate Deposit of Funds via HK RTGS of bank 001 for negative cash position after intra-day repo sale
1C-2. Restart from securities balancing for transaction eliminated

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 Hong Kong Monetary Authority
Central Moneymarkets Unit

I.10.3 Offsetting Process (Second Trial)

(All values in Million

HKD) Bank 001 Bank 002 Bank 888
Member XXXX Member YYYY Member ZZZZ Member AAAA
Sec. Cash A/C
Elim. Elim. Create Bank Sttl. Ava. A/C 000 A/C 999 Sttl. Ava. A/C 000 Bank Sttl. Ava. A/C 000 Bank Sttl. Ava. 980
Seq. Seq. Time Cash Cash DDL Issue A Issue A Cash DDL Issue A Cash Cash DDL Issue A Cash Cash DDL Issue A
Offsetting Process - Second Trial
2A. Securities Balancing - no processing for without change of offset securities positions
2A-1. Start cash balancing for no negative securities position

2B. Cash Balancing - Member's DDL Checking

Allotment 7 11:30 -$90 20 $90
DvP 1 4 9:45 $190 -40 -$190 40
DvP 2 4 9:47 -$80 19 $80 -19
DvP 3 4 10:08 -$90 20 $90 -20
DvP 4 4 10:39 -$80 18 $80 -18
House Transfer - 10:42 -10 10
Offset debit amount & DDL checking $60 $420 (DDL ) $90 $100 (DDL ) $0 $300 (DDL ) $0 $999 (DDL )
2B-1. Start bank cash checking for DDL checking passed without transaction elimination

2C. Cash Balancing - Bank Cash Checking

Debit/Credit bank cash amount -$150 $60
Available bank balance held $42 $20
Available Intra-day Repo Limit held $30 -40 $0 -$30 40
Offset bank cash position -$78 $80 -$30
2C-1. Eliminate DvP 4 of bank 001 for negative cash position after intra-day repo sale
2C-2. Restart from securities balancing for transaction eliminated

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 Hong Kong Monetary Authority
Central Moneymarkets Unit

I.10.4 Offsetting Process (Third Trial)

(All values in Million
HKD) Bank 001 Bank 002 Bank 888
Sec. Cash Member XXXX Member YYYY Member ZZZZ Member AAAA
Elim. Elim. Create Bank Sttl. Ava. A/C 000 A/C 999 Sttl. Ava. A/C 000 Bank Sttl. Ava. A/C 000 Bank Sttl. Ava. A/C 980
Seq. Seq. Time Cash Cash DDL Issue A Issue A Cash DDL Issue A Cash Cash DDL Issue A Cash Cash DDL Issue A
Offsetting Process - Third Trial
3A. Securities Balancing
Allotment - 11:30 -$90 20 $90
DvP 1 1 9:45 $190 -40 -$190 40
DvP 2 1 9:47 -$80 19 $80 -19
DvP 3 1 10:39 -$90 20 $90 -20
House Transfer 1 10:42 -10 10
Receive/Deliver securities quantity -11 10 20 1
Available securities balance 5 50 0 18
Offset securities position -6 60 20 19
3A-1. Eliminate House Transfer of member XXXX for negative securities position
Allotment - 11:30 -$90 20 $90
DvP 1 1 9:45 $190 -40 -$190 40
DvP 2 1 9:47 -$80 19 $80 -19
DvP 3 1 10:39 -$90 20 $90 -20
Receive/Deliver securities quantity -1 0 20 1
Available securities balance 5 50 0 18
Offset securities position 4 50 20 19
3A-2. Start cash balancing for no negative securities position

3B. Cash Balancing - Member's DDL Checking

Allotment 7 11:30 -$90 20 $90
DvP 1 4 9:45 $190 -40 -$190 40
DvP 2 4 9:47 -$80 19 $80 -19
DvP 3 4 10:39 -$90 20 $90 -20
Offset debit amount & DDL checking $0 $420 (DDL ) $90 $100 (DDL ) $20 $300 (DDL ) $0 $999 (DDL )
3B-1. Start bank cash checking for DDL checking passed without transaction elimination

3C. Cash Balancing - Bank Cash Checking

Debit/Credit bank cash amount -$70 -$20
Available bank balance held $42 $20
Available Intra-day Repo Limit held $30 -40 $0 -$30 40

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Release not required intra-day repo sale amount -$2 3 $0 $2 -3
Offset bank cash/securities position $0 -$37 $0 -$28 37
3C-1. Start Posting Process for no negative cash position and no transaction elimination in cash balancing

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 Hong Kong Monetary Authority
Central Moneymarkets Unit

(All values in Million

HKD) Bank 001 Bank 002 Bank 888
Member XXXX Member YYYY Member ZZZZ Member AAAA
Sec. Cash
Elim. Elim. Create Bank Sttl. Ava. A/C 000 A/C 999 Sttl. Ava. A/C 000 Bank Sttl. Ava. A/C 000 Bank Sttl. Ava. A/C 980
Seq. Seq. Time Cash Cash DDL Issue A Issue A Cash DDL Issue A Cash Cash DDL Issue A Cash Cash DDL Issue A
Posting Process
Transaction to be
posted: Post Time
Allotment 11:36 -$90 20 $90
DvP 1 11:36 $190 -40 -$190 40
DvP 2 11:36 -$80 19 $80 -19
DvP 3 11:36 -$90 20 $90 -20
Intra-day Repo 11:36 $28 -37 -$28 37
Debit/Credit securities balance -1 -37 20 1 37
Increase/Decrease available DDL $20 -$90 -$20
Debit/Credit bank balance -$42 -$20 $62
Decrease Available Intra-day Repo Limit by $28 $0

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 Hong Kong Monetary Authority Appendix J.1
Central Moneymarkets Unit

Corporate Action Service including

J.1 Income Distribution - Subscription Form
(New / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We, as the paying agent, wish to subscribe to the CMU Corporate Action (CA) Service which include
income distribution, announcement of corporate events, receipt of CA instructions via the CMU, and
distribution of coupon, coupon and redemption proceeds or all of them in respect of the following CMU
Instrument(s) with effect from ________________________. We have also reviewed all master
documents of the relevant CMU Instrument(s) that income proceeds can be distributed via the CMU
system.

CMU Instrument Calculation of Next Coupon Income Income

Number Income Payment proceeds to be proceeds will
Proceeds Date/Maturity debited still be
based on: Date automatically distributed
per 1,000 unit /
(Please specify) by CMU during
per
denomination / system full-day
per actual (Yes / No)** typhoon
holdings (Yes / No)***

We will arrange sufficient funds in our settlement account before 3:45 p.m. on the intended payment
date. Should payment(s) cannot be made successfully at the scheduled time via the CMU because of
insufficient funds in our settlement account, we agree that we shall still pay the MA the fees as
specified by the MA from time to time for using the CA service.

Person to contact in case of query: ______________________ (Tel : ____________ )

HKMA use only

Signature(s) / Test No.
Verified by:
Authorized Signature(s) or Test Number on no amount
Company Chop

Remark : * Please delete as appropriate

** If “Yes”, the CMU system will debit paying agent’s settlement account automatically at 3:45
p.m. for income distribution.
If “No”, the paying agent is required to release the payment via the “Maintain Income Payment
Details” function of CMT before 3:45 p.m. for income distribution.
*** Paying agent can change the setting of this typhoon indicator at any time via the “Maintain
Income Payment Details” function of CMT before typhoon day.

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix J.2

J.2 Corporate Action Service - Income Distribution -

Notification of Coupon / Redemption* Payment Details

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Please arrange to distribute coupon / coupon and redemption * in respect of the
following CMU Instrument.

CMU Instrument No.

Issue Description

Record Date

Payment Date

Principal
(Currency and Amount)
Coupon Rate

Income Proceeds Unit

Amount per 1,000 Unit / denomination*
(Currency and Amount)

Total Payment Amount

(Currency & Amount)

Anticipated Next Coupon

Payment Date

We undertake to arrange sufficient funds in our settlement account before 3:45 p.m.
on the intended payment date. Should payment(s) cannot be made successfully at
the scheduled time via the CMU because of insufficient funds in our settlement
account, we agree that we shall still pay the MA the fees as specified by the MA from
time to time for using the Service.

Person to contact in case of query : ______________________ (Tel : ________________ )

HKMA use only

Signature(s) / Test No.
Verified by:

Authorized Signature(s) or Test Number on no amount

Company Chop

Remark : * Please delete as appropriate.

Please submit this Appendix no later than 6 business days before the next payment date.
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 Hong Kong Monetary Authority AppendixK.1
Appendix K.1
Central Moneymarkets Unit

K.1 Standing Settlement Instruction for Southbound Bond

Connect Transaction
(New / Amend*)
To : Hong Kong Monetary Authority Date :
Facsimile : (852) 2878 1676 - 1677
Email : [email protected]

From : ( )
Name of Participant Code

We hereby provide the below Standing Settlement Instruction (SSI) for use in
settlement arising from CMU transactions by direct credit to or debit from our cash
account with the Cross-border Interbank Payment System (CIPS) in Mainland China
with effect from _________________.

We understand that this SSI is only applicable to CMU transactions of which the
Mainland CSDs are our counterparties. Settlement of all other CMU transactions will
remain unchanged. i.e. cash settlements of the DvP transactions will be debited from
or credited to our or our correspondent bank’s account in HK RTGS.

Account information of CMU Participant in CIPS:

CMU Account Number □ All accounts under the above Participant

□ Account number (XXXXZZZ)#: _________________

Settlement Currency

CIPS Direct Participant Code

(SWIFT BIC)^
CIPS直接参与者行号
CIPS Indirect Participant
Code (SWIFT BIC)
间接参与者行号
Settlement Bank SWIFT
BIC^
开户行行号
Settlement Bank Name
开户行名称
Account Number
账户账号
Account Name
账户名稱
Account SWIFT BIC
账户行号

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
We have given standing authorization to the above bank(s) to accept such instructions
from the CMU.

Person to contact in case of query: ______________________________________________

Telephone no.: _____________________ or email: _________________________________

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no

amount
Company Chop

*Please delete as inappropriate

# if you register a separate SSI for this specified CMU account, the prevailing SSI previously filed at
participant level will not apply to this specific CMU account. If you have never registered any SSI at
participant level with the CMU, you have to use separate Appendices A & B to register SSIs for different
CMU sub accounts.
^cannot leave blank

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 Hong Kong Monetary Authority Appendix K.2
Central Moneymarkets Unit

K.2 Confirmation of Standing Settlement Instruction for

Southbound Bond Connect Transaction
(New / Amend*)
To : Hong Kong Monetary Authority Date :
Facsimile : (852) 2878 1676 - 1677
Email : [email protected]

From :
Name of Settlement Bank

We have agreed with our client, ___________________________________________,

on the use of the below bank account in the Cross-border Interbank Payment System
(CIPS) in Mainland China for payment instruction(s) arising from Southbound Bond
Connect Service (“Service”) in the CMU. We have also received standing authorization
from our client to accept settlement instructions in respect of the Service.

The settlement details of our client are as follows:

CMU Member code (XXXX)

or
CMU Sub-account Number
(XXXXZZZ)
Settlement Currency

CIPS Direct Participant Code

(SWIFT BIC)#
CIPS直接参与者行号
CIPS Indirect Participant
Code (SWIFT BIC)
间接参与者行号
Settlement Bank SWIFT
BIC#
开户行行号
Settlement Bank Name
开户行名称
Account Number
账户账号
Account Name
账户名稱
Account SWIFT BIC
账户行号

______________________________
Authorized Signature(s)
Company Chop
#cannot leave blank

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix K.3

K.3 Sample CIPS135 message sent to CIPS

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 Hong Kong Monetary Authority
Central Moneymarkets Unit

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 Hong Kong Monetary Authority
Central Moneymarkets Unit

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 Hong Kong Monetary Authority Appendix K.4
Central Moneymarkets Unit

K.4 Southbound Bond Connect Settlement Instruction for

Fund Remittance under Contingency

From Hong Kong Monetary Authority Date :

:
Facsimile : (852) 2878 1676 - 1677
Email : [email protected]

To : ( )
Name of Participant Code

Due to technical reasons, CMU is not able to send and receive CIPS messages
today. To facilitate settlement of the below transaction, buyer of this transaction is
required to remit funds to the seller in CIPS using the below settlement instruction
before 17:00 on the settlement date.
Settlement date
Nominal amount
Settlement amount with currency
CMU Instrument no.
Deal code / GCB no.
Buyer CMU account no.
Seller CMU account no.

Buyer’s settlement information Seller’s settlement information

Sender to Receiver Information:

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
If you are the seller of the above transaction, please complete the following section
once you have received the sales proceeds in CIPS.
*************************************************************************************************
Confirmation of Sales proceeds

As seller of the above transaction, we hereby confirmed that the investor has received
the sales proceeds in the aforementioned CIPS account. Please proceed to transfer
the relevant securities from our CMU sub-account on the same settlement date.
Person to contact in case of query: ______________________________________________

Telephone no.: _____________________ or email: _________________________________

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no

amount
Company Chop

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 Hong Kong Monetary Authority
Central Moneymarkets Unit

Part III – Collateral Management

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix L.1

L.1 The Value of Securities to be acquired under Repo Transactions

The value of securities to be acquired for both Intraday and DW/FPS DW/Overnight
Repo Transactions will be calculated on the basis of a “Discounted Market Value” of
such securities which equals the market value of such securities multiplied by a
Required Margin.

The market value of securities will be calculated as follows:

For price-bid issues,

Price I
Market Value in borrowing currency = Nominal Value x (  Coupon Rate x ) xR
100 T

For yield-bid issues,

Nominal Value
Market Value in borrowing currency = xR
D
1  x Market Yield
T

where:
I = number of calendar days since last interest payment date (or if no interest
payment has been made, the number of calendar days since issue date)
D = number of calendar days to maturity
T = 360 or 365, depending on the day count convention of the securities
R = exchange rate for converting market value in nominal currency of the
securities into borrowing currency. R is equal to 1 if the nominal currency of the
securities is the same as the borrowing currency.

The “price” or “yield” is the average of the prices or rates bid by Market Makers or
reputable institutions as the case may be.

“Discounted Market Value” is then calculated as follows:

M
Discounted Market Value = Market Value x (1 - x H ) (1  X)
365

where:
M = number of calendar days to maturity
H = applicable haircut (per year of remaining maturity)
X = applicable cross-currency haircut

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 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix L.2

L.2 Example to illustrate the Applicable Discount Rates

Bank A holds the following eligible debt securities under the Discount Window:

Market
Quantity Value Market Value after Haircut
(HK$ Mn) (HK$ Mn) (HK$ Mn)
Exchange Fund Paper:

Issue A 100 120 110

Issue B 200 180 170
Issue C 300 250 220
Total 600 550 500

Eligible debt securities other than Exchange Fund paper:

Issue A (MTRC Notes) 300 280 250

Issue B (non-AAA securities) 400 420 350
Issue C (non-AAA securities) 500 400 300
Total 1200 1100 900

If Bank A borrows HK$ 1,000 mn and collateralises its repo by using the Exchange Fund
paper for the borrowed amount of HK$400 mn and other eligible securities for the borrowed
amount of HK$600 mn. The discount rates will be calculated as follows:

For repo with Exchange Fund paper as collateral:

Maximum borrowing amount = Total Market Value after Haircut

= HK$500 mn
Maximum borrowing amount charging = HK$500 mn x 50%
on the Base Rate = HK$250 mn

Hence, the borrowing amount of HK$400 mn (1) HK$250 mn (charging on the Base Rate)
will be divided into two parts (2) HK$150 mn (charging on the Base Rate
plus 5% or overnight HIBOR for the day,
whichever is higher)

For repo with other eligible securities as

collateral:

Maximum borrowing amount = Total Market Value after Haircut

= HK$900 mn
Maximum borrowing amount charging on the = HK$900 mn x 50%
Base Rate + 0.25% (if applicable) = HK$450 mn

Hence, the borrowing amount of HK$600 mn (1) HK$250 mn (charging on the Base Rate)
will be divided into three parts (2) HK$200 mn (charging on the Base Rate +
0.25%)
(3) HK$150 mn (charging on the Base Rate +
0.25% plus 5% or overnight HIBOR for the
day + 0.25%, whichever is higher)

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix L.3
L.3 Repurchase Price of DW/FPS DW Repo
Transactions

The Repurchase Price of each DW/FPS DW Repo Transaction will be the sum of
the initial purchase price for the securities sold under such transaction and the
Price Differential if any calculated for the period during which the transaction is
outstanding.

The Price Differential, if any, in respect of each DW/FPS DW Repo Transaction is

calculated at the time of any request for a DW/FPS DW Repo Transaction or at the
time of conversion of any Intraday Repo Transaction into a DW Repo Transaction
by applying a pricing rate equivalent to the DW Base Rate (for DW only) to the
1
purchase price of the DW Repo Transaction on a daily basis from and including
the purchase/conversion date up to but excluding the repurchase date. Provided
that the calculation will be adjusted to reflect the actual lending period if the
repurchase date is postponed as set out in Part I - clause 8 on “Typhoon and
Rainstorm Procedures” of the CMU Reference Manual.

D
Price Differential = Purchase Price x R x
365

where, D = The number of days from and including the purchase/conversion

date of the DW/FPS DW Repo Transaction up to but excluding the
repurchase date
R= Applicable Discount Rate (Please refer to Clause 4.1.3)
365 = Number of days in a year (disregarding any leap year)

1
The purchase price of a DW Repo Transaction which is converted from an
Intraday Repo Transaction will be a sum equivalent to the aggregate of the
purchase price and the accrued price differential under the relevant Intraday
Repo Transaction.

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 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix L.4

L.4 Repurchase Price of LAW/Intraday Repo Transactions

The Repurchase Price of each LAW Intraday Repo Transaction will be the sum of
the initial purchase price for the securities sold under such transaction and the
Price Differential.

The Price Differential in respect of each LAW Intraday Repo Transaction is

calculated at the time the LAW Intraday Repo Transaction entered into by applying
a pricing rate to the purchase price for the period of one day (notwithstanding that
the revenant securities may be repurchased on the same business day that the
relevant LAW Intraday Repo Transaction is entered into).

The present intraday pricing rate for LAW Intraday Repo Transactions is DW Base
Rate

D
Price Differential = Purchase Price x R x
365

Where, D = One day

R= DW Base Rate
365 = Number of days in a year (disregarding any leap year)
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix L.5

L.5 Confirmation Form for HKD/USD/EUR/CNY Intraday

Repo Transaction

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( ) )
Name of Participant Code

This is to confirm that we have entered a HKD Intraday Repo Transaction with the
HKMA. We hereby authorize the HKMA to input the Repo Transaction into the
CMU system on behalf of our bank. Details of the Intraday Repo Transaction are
as follows:

Borrowing Amount : HK$________________Mn

This is to confirm that we have entered a USD / EUR / CNY Intraday Repo
Transaction with the Settlement Institution/Clearing Bank (SI/CB). We hereby
authorize the HKMA to input the Repo Transaction into the CMU system on
behalf of our bank. Details of the Intraday Repo Transaction are as follows:

Borrowing Amount : US$_________________Mn

Borrowing Amount : EUR_________________Mn

Borrowing Amount (HKMA/CB*) : CNY_________________Mn

Authorized Signature(s) or Test Number on total

Company Chop borrowing amount

*Please delete as appropriate

 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix L.6

L.6 Confirmation Form for DW/FPS DW/HKD/USD/EUR/CNY

Overnight Repo Transaction
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

This is to confirm that we have entered a DW/FPS DW/HKD Overnight Repo*

Transaction with the HKMA. We hereby authorize the HKMA to input the Repo
Transaction into the CMU system on behalf of our bank. Details of the DW/FPS
DW Repo Transaction are as follows:

Borrowing Amount for Exchange Fund paper : HK$_______________Mn

Borrowing Amount for Non-Exchange Fund paper : HK$_______________Mn

This is to confirm that we have entered a USD/EUR/CNY Overnight Repo

Transaction with the Settlement Institution/Clearing Bank/MA (SI/CB/MA). We
hereby authorize the HKMA to input the Repo Transaction into the CMU
system on behalf of our bank. Details of the overnight Repo Transaction are
as follows:

Borrowing Amount for Exchange Fund paper : US$________________Mn

Borrowing Amount for Non-Exchange Fund paper : US$________________Mn
_____________________________________________________________
Borrowing Amount for Exchange Fund paper : EUR________________Mn
Borrowing Amount for Non-Exchange Fund paper : EUR________________Mn
_____________________________________________________________
For Repo with CB:
Borrowing Amount for Exchange Fund paper : CNY________________Mn
Borrowing Amount for Non-Exchange Fund paper : CNY________________Mn

For Repo with the MA:

Borrowing Amount : CNY________________Mn
HKMA use only
Signature(s) / Test
No.
Verified by:
Authorized Signature(s) or Test Number on total
Company Chop borrowing amount

* Delete as inappropriate
 Hong Kong Monetary Authority Appendix L.7
Central Moneymarkets Unit

L.7 Example to illustrate the Generation of Multiple Repo Transactions

The maximum number of eligible issues to be selected in a single repo transaction is 19. When this
maximum number is reached for any repo request, the CMU system will automatically generate
another new repo transaction(s) until the total Discounted Market Value (DMV) can cover the Repo
lending amount.

Example
A CMU Participant has 26 issues of EFBN with a total DMV of HK$900mn.

No. of DMV Cumulative DMV

Issue no. issue (HK$ mn) (HK$mn)
Issue Q001 to Q005 5 500 500
Issue Q006 to Q019 14 100 600
Issue Q020 to Q023 4 100 700
Issue Q024 1 180 880
Issue Q025 to Q026 2 20 900

Scenario 1 (Max repo size not defined and more than 19 issues are selected)

The CMU Participant does not define the maximum size for an individual Repo Transaction. However,
when the no. of selected issues exceeds 19 for a single repo request, 2 repo transactions are
generated.

Case Max Lending No. of repo Issues Total DMV Status

repo Amount transaction selected (HK$ mn)
size (HK$mn)
defined
1 0 700 2 Q001 – Q019 600 Accepted
(19 issues)

Q020 – Q023 100

(4 issues)

Scenario 2 (Max repo size defined)

The CMU Participant defines the max size of an individual Repo Transaction to be HK$500mn.

Case Max Lending No. of repo Issues Total Status

repo Amount transaction selected DMV
size (HK$mn) (HK$
defined mn)
2 500 881 3 Q001 - Q005 500 Accepted
(5 issues)

Q006 – Q024 380

(19 issues)

Q025 1*
(1 issue)

* The minimum repo size (HK$5mn for intraday repo, and HK$20mn for DW/FPS DW repo) does not
apply to the last Repo Transaction generated from the single repo request.

49
 Appendix L.8

L.8 Specimen Letter for Setting Intraday Repo Limit

[Date]

Hong Kong Monetary Authority

55th Floor, Two International Finance Centre,
8 Finance Street,
Central,
Hong Kong

Attn: Manager
Payment Systems Operation Division

Dear Sir,

Master Sale and Repurchase Agreement for the purpose of providing intraday
liquidity made on [ ] between the Monetary Authority and
[Name of the Direct Participant] (the “Master Agreement”)

We refer to the Master Agreement and agree that the “Maximum Repurchase”,
“Minimum Repurchase”, and “Total Intraday Repurchase Limit” (all as defined in the
Master Agreement) shall be set at the following levels for Sale and Repurchase
Agreements to be entered into pursuant to the Master Agreement:-

Maximum Repurchase: [ ] million

Minimum Repurchase: [ ] million
Total Intraday Repurchase Limit: [ ] million

The above may not be amended except by an instrument in writing signed by

persons duly authorized by [Name of Direct Participant].

Signed by,

for and on behalf of

[Name of Direct Participant]

50
Hong Kong Monetary Authority
Central Moneymarkets Unit

Appendix L.9

L.9 Setting of Maximum Size for an Individual HKD/CNY

Repo Transaction

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For Repo Transactions conducted with the MA, if a single Repo request exceeds the
maximum size for an individual Repo Transaction* defined below, we agree that the
CMU system will create multiple Repo Transactions until the total Discounted Market
Value (DMV) can cover the Repo lending amount.

Maximum size for an individual Repo Transaction: HK$___________Mn

Maximum size for an individual Repo Transaction: CNY___________Mn

Authorized Signature(s) or Test Number on

Company Chop maximum size amount

*Remark : The maximum size applies to Intraday, LAW, DW/FPS DW and Overnight Repo
Transactions but not to SPDC Repo Transactions. The setting of maximum size has to be agreed
with the MA.

51
 Appendix L.10
Hong Kong Monetary Authority
Central Moneymarkets Unit

L.10 CMU Collateralised Lending Service

(New/Amend*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]
From : ( )
Name of Participant Code

We wish to borrow on for the

(Currency)(Amount) (Settlement Date)
primary issuance of
by using the securities in below table as
collaterals
(CMU Instrument No.)
in our CMU account
(xxxxnnn)
For HKMA use
only
Nominal Nominal CMU Instrument no. Issue description (name Required
Currency amount /ISIN/common code of issuer, interest rate, amount
maturity date)

This is to confirm that we will enter into intraday repo transaction(s) with the HKMA. We hereby
authorize the HKMA to input the transaction(s) into the CMU system on behalf of our institution.

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test no. on total lending amount

Company Chop
*Please delete as inappropriate

Confirmation of Collateralised Lending Service through Intraday Repo arrangement

To :
This is to confirm that the MA will enter into repo transaction(s) with you on using the
required amount of securities tabled above as collaterals.

Test no.

52
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix M.1

M.1 Securities Lending and Borrowing Programme

Application Form - Market Maker For Eligible Securities

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We wish to become the Market Maker for the following Eligible Securities (not for
Government Bonds) in the lendable pool of the Programme:

Instrument No. Instrument No.

We hereby confirm that we agree to fulfil our duty to provide two-way prices at
reasonable spread for the above Eligible Instruments in the lendable pool as
provided by the Hong Kong Monetary Authority from time to time.

Person to contact in case of query : (Tel: )

HKMA use only

Signature(s) / Test
No.
Verified by:
Authorized Signature(s) or Test Number on no amount
Company Chop

53
Hong Kong Monetary Authority Appendix M.2
Central Moneymarkets Unit

M.2 Securities Lending and Borrowing Programme

Borrowing Request Form
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We wish to borrow the following CMU Instruments :-

Participant’s TRN : ___________________________________ (max 16 chars)

CMU Instruments
to be borrowed :
(CMU Instrument No.)

Nominal amount :

Date of commencement : Intended date :

of Loan of delivery of
Equivalent Instruments

If you accept this request, please transfer the Collateral specified below from our
CMU Main Account to the HKMA Collateral Account:

Instrument No. Nominal amount

Person to contact in case of query : (Tel: )

HKMA use only
Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on no amount

Company Chop

54
Hong Kong Monetary Authority
Appendix M.3
Central Moneymarkets Unit

M.3 Securities Lending and Borrowing Programme

Request for Substitution of Collateral

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We wish to request a substitution of Collateral in respect of the following Loan:-

Original Participant’s TRN :___________________________________ (max 16 chars)

The current Collateral is to be substituted as follows:

Current Collateral Instrument No. Nominal amount

Substitute Collateral Instrument No. Nominal amount

Person to contact in case of query : (Tel: )

HKMA use only
Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on total nominal

Company Chop amount of loaned
securities and collateral : Mn

55
Hong Kong Monetary Authority Appendix M.4
Central Moneymarkets Unit

M.4 Securities Lending and Borrowing Programme

Request for Top-up of Collateral
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
We hereby request you to execute the top-up of Collateral in respect of the following Loan:-

Original Participant’s TRN :___________________________________ (max 16 chars)

Loan Date : Loan Ref No:

Borrowed Instruments :
(CMU Instrument No)

Nominal amount :

Please transfer the below collateral from our main account to the HKMA Collateral Account:

Instrument No. Nominal amount

Person to contact in case of query : (Tel: )

HKMA use only
Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on total nominal

Company Chop amount of loaned
securities and collateral : Mn

56
Hong Kong Monetary Authority Appendix M.5
Central Moneymarkets Unit

M.5 Securities Lending and Borrowing Programme

Delivery of Equivalent Instruments
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
We hereby request you to process the delivery of Equivalent Instruments in respect of the following
Loan:-

Loan Ref. No. : Delivery of Equivalent :

Instruments Date
Borrowed
Instruments:____________________________________________________________________
(CMU Instrument No.)

Nominal amount :

Please debit Equivalent Instruments from our CMU Main Account and return the below Collateral
to us. The balance of partial returned Collateral will be kept for further borrowing transactions.

Instrument No. Nominal amount

Person to contact in case of query : (Tel: )

HKMA use only

Signature(s) / Test
No.
Verified by:

______________________
Authorized Signature(s) or Test Number on total nominal
Company Chop amount of loaned

57
Hong Kong Monetary Authority
Central Moneymarkets Unit
securities and collateral : Appendix M.6
___________ Mn

M.6 Securities Lending and Borrowing Programme

Urgent - Recall of Loan
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We wish to recall the following Loan :-

Original Participant’s TRN : ________________________________________ (max 16 chars)

Recall Date :

Borrowed Instruments :
(CMU Instrument No.)

Nominal amount :

Please credit Equivalent Instruments to our Lending Account.

Person to contact in case of query : (Tel: )

HKMA use only
Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on total

or Company Chop nominal amount of loaned
securities

58
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix N.1

N.1 Bank Repo Registration Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We would like to subscribe for the Bank Repo service (“Service”) provided by the
CMU and agree to be bound by the CMU Service Reference Manual and the Bank
Repo Service Agreement for this Service. Please open a Bank Repo Sale Account
(“777 Account”) and a Bank Repo Purchase Account (“778 Account”) in our name.
We certify that we have been authorized by our respective clients to transfer their
securities in their accounts to our “777 Account” for entering into Bank Repo
transactions on their behalf (if applicable). Please note that the total outstanding
Bank Repo limit as follows:

Bank Repo Limit HK$_____________Mn

Bank Repo Limit US$_____________Mn

Bank Repo Limit EUR_____________Mn

Bank Repo Limit CNY_____________Mn

Person to contact in case of query : (Tel: )

HKMA use only

Signature(s) / Test
No.
Verified by:

Authorized Signature(s) or Test Number on total Repo Limit

Company Chop

Page 3 of 3
 Hong Kong Monetary Authority
Appendix N.2
Central Moneymarkets Unit

N.2 Haircut for Bank Repo Transaction initiated in Auto Mode

Maturity Bands and Haircut

The following haircut will be applied to the remaining maturity of Eligible Securities.
Corresponding haircut will then be applied to the market value to calculate the
discounted market value.

Maturity Bands (Years) Haircut

Within 5 years 2%

More than 5 years 4%

Cross Currency Haircut

Default cross-currency haircut is defined below. Cross-currency haircut applies
where issue currency of the securities is not the same as the transaction currency.

Applicable Haircut

HKD vs USD 1%

Other currency pairs 5%

Page 3 of 3
 Hong Kong Monetary Authority
Appendix N.3
Central Moneymarkets Unit

N.3 Discounted Market Value of Securities to be Acquired

under Bank Repo Transaction
The value of securities to be acquired for Bank Repo transactions will be calculated
on the basis of a “Discounted Market Value” (DMV) of such securities which equals
the Market Value of such securities multiplied by a Required Margin.

The Market Value of securities will be calculated as follows:

For price-bid issues,

Price
Market Value = Nominal Value X  Accrued Interest
100
where:

I = Number of calendar days since last interest payment date (or if no

interest payment has been made, the number of calendar days since
issue date)

For yield-bid issues,

Nominal Value
Market Value =
D Market Yield
1 x
day basis 100
where:
D = number of calendar days to maturity

Discounted Market Value (DMV1) is then calculated as follows:

DMV1 = Market value x (1 - Effective haircut %)

where:
Effective Haircut = applicable maturity band’s haircut % per annum of
Eligible Securities as set out in Appendix L.9

If nominal currency is different from the Bank Repo transaction currency,

Discounted Market Value (DMV2) is then calculated as follows:

DMV2 = DMV1 x exchange rate x (1 - cross currency haircut %)

where:
Cross-currency haircut = applicable cross-currency haircut % per annum
of the currency pair as set out in Appendix L.9

DMV2 must be at least equal to or greater than the repurchase price.

Page 3 of 3
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix N.4
C.11
N.4 Illustrated Example to show Calculation of the DMV of
Eligible Securities to be Acquired for a Bank Repo Purchase

Repo purchase date =14 Nov 2011 Proposed eligible

securities:
Purchase price =HK$10,000,000 Same currency, will be
selected first
Repo rate =1% Sec1 min denomination Sec1 =
=HK$50,000 and mature on 15 HK$1,000,000
Nov 2012
Price differential =HK$821.92 Sec1 market price =102.80
Repurchase date =28 Nov 2011 MV of Sec1 (including accrued =$1,030,000
interest)
Repurchase price =HK$10,000,821.92

Holdings in seller’s 777 Sec1 =

a/c before repo: HK$1,000,000
Sec2 = Sec2 min denomination = Sec2 =
CNY20,000,000 CNY500,000 and mature on 14 CNY8,500,000
Nov 2018
Sec2 market price =98.250

Holdings in seller’s 777 Sec1 = 0 MV of Sec2 (including accrued =CNY8,370,000

a/c after repo: Sec2 = interest)
CNY11,500,000

DMV
Market value Belongs to Haircut for Foreign
Purchased Market Maturity Cross-ccy (in
Securities (with accrued maturity applicable Exchange
securities price date haircut transaction
interest) band maturity band rate
currency HK$)

102.80 HK$1,030,000 15 Nov years

Below 5
Sec1 HK$1mn 2% n.a. n.a. 1,009,400
2012

CNY8.5mn 98.25 CNY8,370,000 15 Nov years

Over 5 HKD/CNY
Sec2 4% 5% 9,196,916
2018 0.83

Aggregate DMV 10,206,316*

*DMV is sufficient to cover the repurchase price of HK$10,000,821.92

Page 3 of 3
 Appendix N.5
Hong Kong Monetary Authority
Central Moneymarkets Unit

N.5 Example of a Purchased Securities Shortfall for Bank Repo

Transaction initiated in Auto Mode

Transaction amount = HK$10,000,000 Sec2

Repurchase price = HK$10,000,822

DMV = HK$10,206,316

At this moment, the DMV cover the

repurchase price, exceeding by
HK$205,494
Sec1

DMV repurchase price

The next day, the securities’ market

prices dropped and the DMV has
dropped to HK$9,300,000 Shortfall

Shortfall = HK$10,000,822 – HK$9,300,000 Sec2

= HK$700,822
Mark-to-market threshold range = 95%-105%
Below the lower boundary of threshold
range, Seller must deliver new Eligible
Securities of HK$700,822 so that the
aggregated DMV can be maintained at
HK$10,000,822 Sec1

DMV repurchase price

Page 3 of 3
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix N.6

N.6 Bank Repo Purchase Request Form

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : (Code) for value on

SALE TO / RECEIVE FROM*

Participant’s Participant’s Counterparty Currency and Repo Repurchase
TRN (for new TRN (for (Code) Purchase Price Rate Date
instruction) cancellation)
(max 16 chars) (max 16 chars)

Manual Mode - If you have agreed with your counterparty to specify an issue of
the eligible securities for the Bank Repo transaction, please specify the details
in the below box.

Issue no. Quantity (mn) Issue no. Quantity (mn)

Auto Mode - If the Buyer and the Seller do not specify any issues of the
eligible securities in the request, the CMU will select eligible securities
automatically from the Seller’s Bank Repo Sale account (“777”).
Person to contact in case of query : (Tel: )HKMA use only
Signature (s)/Test
No.
Verified by:

Authorized Signature(s) or Test Number on quantity

Company Chop
______________________________________________________________________________
IMPORTANT :1. Please send this form to CMU no later than 4:00 p.m. on Mondays to Fridays.
2. Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
3. Instrument number can be Issue No., Common Code or ISIN.
* Please delete as appropriate

Page 3 of 3
 Hong Kong Monetary Authority Appendix N.7
Central Moneymarkets Unit

N.7 Bank Repo Collateral Management Form - Auto Mode

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : (Code) for value on

Substitution / Top-up / Return* of Securities

for Bank Repo transaction initiated in Auto Mode
Participant’s Participant’s Original Bank Issue No. Quantity (mn)
TRN (for new TRN (for Repo In (+) / out ( -)
instruction) cancellation) transaction
(max 16 chars) (max 16 chars) deal code/TRN*

For substitution and return, please specify the issue no. and quantity of securities to be
substituted or returned. Please use another sheet if you have more issues to include.
The CMU will select Eligible Securities automatically from the Seller’s Bank Repo Sale
account (“777”).
For top-up, participant is not required to specify the issue no. and quantity of securities. The CMU will
select Eligible Securities automatically from the Seller’s Bank Repo Sale account (“777”).
Person to contact in case of query : (Tel: )
HKMA use only
Signature (s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on quantity
Company Chop

_______________________________________________________________________________
IMPORTANT : 1. Please send this form to CMU no later than 4:00 p.m. on Mondays to Fridays.
2.Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
3.Instrument number can be Issue No., Common Code or ISIN.
* Please delete as appropriate

Page 3 of 3
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix N.8

N.8 Bank Repo Collateral Management Form - Manual Mode

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : (Code) for value on

Substitution / Top-up / Return* of Securities

for Bank Repo transaction initiated in Manual Mode

Participant’s TRN Participant’s TRN Original Bank Issue No. Quantity (mn)
(for new (for cancellation) Repo transaction In (+) / out ( -)
instruction) (max (max 16 chars) deal code/TRN*
16 chars)

Please specify the issue no. and quantity of securities to be substituted/top-up /returned
and use another sheet if you have more issues to include.
HKMA use only
Person to contact in case of query: (Tel: ) Signature (s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on quantity

Company Chop

_______________________________________________________________________________
IMPORTANT : 1. Please send this form to CMU no later than 4:00 p.m. on Mondays to Fridays.
2.Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
3. Instrument number can be Issue No., Common Code or ISIN.
* Please delete as appropriate

Page 3 of 3
Hong Kong Monetary Authority
Central Moneymarkets Unit

Part IV – Linkage Services with

ICSDS/ CSDS

67
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix P.1

P.1 Opening of Euroclear/Clearstream* Sub-Accounts Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We request HKMA to open Euroclear/Clearstream Banking* sub-account(s) for

settlement of Euroclear/Clearstream Banking* eligible securities designated for the
following accounts:

CMU Euroclear/
Account Clearstream Banking*
Account Name
Code A/C No.
(XXXXnnn) (to be completed by HKMA)

We acknowledge that we should comply with CMU Rules and applicable rules and
requirements of Euroclear/Clearstream that may be updated from time to time for
our use of the linkage service.

Person to contact in case of query : ______________________ (Tel : _________________ )

or e-mail: __________________________________________________________

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no amount

Company Chop

*Please delete as appropriate

68
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix P.2

P.2 Acceptance of Eligible Securities in CMU System Form

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We request the following Eligible Securities to be accepted in the CMU system:

CSD Common Code / ISIN Issue Description

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no amount

Company Chop

69
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.3

P.3 Linkage Securities Transfer Form

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : _________________ Settlement Date : ______________

Market Indicator :  Internal  Bridge  External

Transaction Type :  Receive A/P  Receive FoP

 Deliver A/P  Deliver FoP  Deliver FoP without Matching

CSD Code :  EC=Euroclear  CS=Clearstream

Place of Settlement “PSET”: (SWIFT BIC)

Trade Transaction Condition Indicator “TTCO/GTDL”: (optional field)

Settlement Instruction Processing Narrative “SPRO” : (optional

field)

Priority :  Top Priority  Priority  Regular  Low

Daylight Indicator :  Yes  No

Participant’s TRN : (max 16 chars)

Pool Reference “POOL” : (max 16 chars) (optional field)

Securities Code :  Issue Number  Common Code  ISIN

(Please tick where appropriate)
Denomination Choice “DENC” : (optional
field)

CCY/Quantity :

CCY/Settlement Amount :

Counterparty
A/C No :  Euroclear A/C
 Clearstream A/C
A/C with Local CSD : (for external transaction only)

Receiving/Delivering Party (Optional*, input either A/C No, BIC or Name & Address)

A/C No : Name and Address :

BIC :

*Remark : Optional for internal and bridge transaction, but mandatory for external transaction
Hong Kong Monetary Authority
Central Moneymarkets Unit

Linkage Securities Transfer Form (cont’d)

Party Capacity Indicator “TRCA” : (optional
field)

Beneficial Ownership Override Indicator “BENE” : (optional

field)

Stamp Duty Exemption Indicator “STAM” : (optional

field)

Instructing Party (Optional, input either A/C No, BIC or Name & Address)

A/C No : Name and Address :

BIC :

Place of Trade (Optional)

Place : (4 chars) Narrative : (max 30 chars)

Trade Information (Optional)

Trade Date : (YYYY-MM-DD, Mandatory)

Deal Price Indicator :  DISC  PREM  PRCT  YIEL  ACTU

Deal Currency/Price :

Trade Currency/Amount :

Accrued Information (Optional)

Number of Days Accrued : Basis :

Interest Rate : Currency/Accrued Interest :

Fee Currency/Amount (Optional) :

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/Quantity

Company Chop
________________________________________________________________________________
IMPORTANT: Please send this form to CMU no later than the respective instruction deadline.
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix P.4

P.4 Deposit of Funds via Corresponding Bank

Preadvice of Funds Form
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CSD Code :  EC=Euroclear  CS=Clearstream

(:20:) Participant’s TRN : (max 16 chars)

(:25:) Account to be credited : (CMU Account Number)

(:30:) Value Date : (YYYY-MM-DD)

(:32B:) CCY/Amount :

(:56A:) CSD Correspondent (BIC) : (please refer to Appendix P.13/P.15 and

need not fill in any value if the CSD has only one cash
correspondent)

(:52a:) Ordering Institution (Optional, input either BIC or Name & Address)

BIC : Name and Address :

(:50a:) Ordering Customer (Optional)

Name and Address :

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test
No.
Verified by:
Authorized Signature(s) or Test Number on CCY/Amount
Company Chop
________________________________________________________________________________
IMPORTANT: Please send this form to CMU no later than the respective currency’s deadline as
specified in Appendix P.14 and P.16.
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.5

P.5 Deposit of Funds via

RTGS Systems in Hong Kong Form
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
CSD Code :  EC=Euroclear  CS=Clearstream

(:20:) Participant’s TRN : (max 16 chars)

(:25:) Account to be credited : (CMU Account Number)

(:30:) Value Date : (YYYY-MM-DD)

(:32B:) CCY/Amount : (HKD, USD or EUR)

(:52a:) Ordering Institution (Optional, input either BIC or Name & Address)

BIC : Name and Address :

(:50a:) Ordering Customer (Optional)

Name and Address :

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/amount

Company Chop

________________________________________________________________________________

IMPORTANT: Please send this form to CMU no later than the respective currency’s deadline as
specified in Appendix P. 14 and P.16.
Remark: Deposit of Funds via RTGS Systems in HK is temporarily deactivated until the MA announces otherwise.
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix P.6

P.6 Wire Transfer – Financial Institution Transfer Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CSD Code :  EC=Euroclear  CS=Clearstream

(:20:) Participant’s TRN : (max 16 chars)

(:32A:)
Value Date : (YYYY-MM-DD)

CCY/Amount :

(:53B:) Account to be debited : (CMU Account Number)

(:58a:) Beneficiary Institution (Input either BIC or Name & Address)

A/C No : Name and Address :

BIC :

(:57a:) Account with Institution (Optional, input either BIC or Name & Address)

A/C No : Name and Address :

BIC :

(:56a:) Intermediary Institution (Optional, input either BIC or Name & Address)

Clearing Code: Name and Address :

BIC :

Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit

Wire Transfer – Financial Institution Transfer Form (cont’d)

(:52a:) Ordering Institution (Optional, input either BIC or Name & Address)

BIC : Name and Address :

(:72:) Sender to Receiver Info (*):/SPRO/02 ___(for EC only)

/ACC/

/BNF/

/INS/

/INT/

/REC/

(*) Please circle as appropriate.

‧ /SPRO/02 to indicate USD/EUR payment to a beneficiary via a USD/EUR Direct Participant of the
USD/EUR RTGS system in Hong Kong (for EC only).;
‧ /ACC/ to specify the payment details of your account number with your financial institution ;
‧ /BNF/ to specify the payment details to the final beneficiary’s financial institution ;
‧ /INS/ to specify the payment details to the ordering institution ;
‧ /INT/ to indicate that the following instructions are for the intermediary ; and
‧ /REC/ to indicate that the following information is intended for Euroclear or Clearstream.

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on CCY/amount
Company Chop

________________________________________________________________________________
IMPORTANT: Please send this form to CMU no later than the respective currency’s deadline as
specified in Appendix P.14 and P.16

Page 2 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix P.7

P.7 Wire Transfer - Customer Transfer Form

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CSD Code :  EC=Euroclear  CS=Clearstream

(:20:) Participant’s TRN : (max 16 chars)

(:32A:) Value Date : (YYYY-MM-DD)

CCY/Amount :

(:53B:) Account to be debited : (CMU Account Number)

(:59:) Beneficiary Customer (Input Name & Address with/without A/C No)

A/C No : Name and Address :

(:57a:) Account with Institution (Input either BIC or Name & Address)

A/C No : Name and Address :

BIC :

(:56a:) Intermediary Institution (Optional, input either BIC or Name & Address)

Clearing Code: Name and Address :

BIC :

(:50a:) Ordering Customer (Mandatory)

Name and Address :

Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit

Wire Transfer - Customer Transfer Form (cont’d)

(:50a:) Ordering Institution (Optional, input either BIC or Name & Address)

BIC : Name and Address :

(:71:) Charges Information

Party bear the charges :  1=ordering  2=beneficiary CCY/Charges :

(:70:) Details of Payment : ___

(:72:) Sender to Receiver Info : /SPRO/01 (for EC only)

/ACC/

/BNF/

/INS/

/INT/

/REC/

(*) Please circle as appropriate.

‧ /SPRO/01 to indicate USD/EUR payment to a beneficiary via a USD/EUR Direct Participant of the
USD/EUR RTGS system in Hong Kong. (for EC only);
‧ /ACC/ to specify the payment details of your account number with your financial institution ;
‧ /BNF/ to specify the payment details to the final beneficiary’s financial institution ;
‧ /INS/ to specify the payment details to the ordering institution ;
‧ /INT/ to indicate that the following instructions are for the intermediary ; and
‧ /REC/ to indicate that the following information is intended for Euroclear or Clearstream.

Person to contact in case of query: (Tel: )

HKMA use only
Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/amount

Company Chop
________________________________________________________________________________
IMPORTANT: Please send this form to CMU no later than the respective currency’s deadline as
specified in Appendix P.14 and P.16.

Page 2 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix P.8

P.8 Book Transfer Form

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CSD Code :  EC=Euroclear  CS=Clearstream

(:20:) Participant’s TRN : (max 16 chars)

(:32A:)Value Date : (YYYY-MM-DD)

CCY/Amount :

(:53B:) Account to be debited : (CMU Account Number)

(:58A:) Account to be credited :

(:72:) Sender to Receiver Info : __

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/amount

Company Chop
________________________________________________________________________________

IMPORTANT: Please send this form to CMU no later than the respective currency’s deadline as
specified in Appendix P.14 and P.16.
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.9

P.9 Withdrawal of Funds to HKD RTGS System

in Hong Kong Form
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CSD Code :  EC=Euroclear  CS=Clearstream

Participant’s TRN : (max 16 chars)

Value Date : (YYYY-MM-DD)

CCY/Amount : HK$

Account to be debited : (CMU Account Number)

Account to be credited : Funds will be automatically credited to your Hong Kong dollar clearing
account with the HKMA (if you are a bank) or your HKD account with
your settlement bank (if you are a non-bank institution).

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/amount

Company Chop

________________________________________________________________________________

IMPORTANT: Please send this form to CMU no later than the respective currency’s deadline as
specified in Appendix P.14 and P.16.

Remark: Withdrawal of Funds to HKD RTGS System is temporarily deactivated until the MA announces otherwise.
Hong Kong Monetary Authority
Appendix P.10
Central Moneymarkets Unit

P.10 Custody Operation Form

(New/Cancel*)
To: Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From: ( )
Name of Participant Code

For CMU Account : ___________________ value on _____________________

CSD Code :  EC=Euroclear  CS=Clearstream

Participant’s TRN(for new instruction) : (max 16 chars)

Participant’s TRN(for cancellation) : (max 16 chars)

Original Participant’s TRN for cancellation : (max 16 chars)

Securities Code :  Issue Number

 Common Code
 ISIN

Event Type :  Certification for interest and redemption

 Other

(please refer to Corporate Event Notice Report (CMUL4101))

Remarks :

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on zero amount

Company Chop

________________________________________________________________________________
Hong Kong Monetary Authority
Central Moneymarkets Unit
IMPORTANT: Please send this form to CMU no later than the event deadline as specified in the
corporate event notice. Appendix P.11

P.11 Linkage Securities Transfer Cancellation Form

To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : __________________ Settlement Date : ___________________

CSD Code :  EC=Euroclear  CS=Clearstream

Participant’s TRN : (max 16 chars)

Original /HRN/deal code/ Participant’s TRN*:

EOC Reference :

Market Indicator :  Internal  Bridge  External

Transaction Type :  Receive A/P  Receive FoP

 Deliver A/P  Deliver FoP  Deliver FoP without matching

Place of Settlement : ___

Securities Code :  Issue Number

 Common Code
 ISIN

CCY/Quantity : ___

CCY/Quantity :

Counterparty
A/C No :  Euroclear A/C
 Clearstream A/C

A/C with Local CSD : (for external transaction only)

Person to contact in case of query: (Tel: )

HKMA use only
Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/Quantity

Company Chop
________________________________________________________________________________

IMPORTANT: Please send this form to CMU no later than the respective instruction cancellation
deadline.
* Please delete as appropriated.
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.12

P.12 Linkage Money Transfer Cancellation Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : ____________________ value on ________________________

CSD Code :  EC=Euroclear  CS=Clearstream

Participant’s TRN : (max 16 chars)

HRN/Original deal code/ Participant’s TRN* for cancellation:_____________________________

EOC Reference :

Transaction Type :  Deposit of Funds – via RTGS

 Deposit of Funds – Preadvice
 Book Transfer
 Wire Transfer – Financial Institution Transfer
 Wire Transfer – Customer Transfer
 Withdrawal of Funds to HKD RTGS System in Hong Kong

CCY/Amount :

HKMA use only

Signature(s)/Test No.
Person to contact in case of query: (Tel: ) Verified by:

Authorized Signature(s) or Test Number on CCY/amount

Company Chop
________________________________________________________________________________

IMPORTANT: Please send this form to CMU no later than the respective currency’s cancellation
deadline as specified in Appendix P14 and P.16.
* Please delete as appropriate
Hong Kong Monetary Authority
Appendix P.13
Central Moneymarkets Unit

P.13 List of Euroclear Cash Correspondents

ISO Country / Euroclear Account
Group Cash Correspondent Location SWIFT BIC
Currency Currency Number
Euro EUR Belgium Euroclear Bank S.A./N.V.* Brussels MGTCBEBEECL
Other AUD Australian Dollar ANZ National Bank Limited Melbourne ANZBAU3M 690164AUD00001
HSBC, Australian Branch Sydney HSBCAU2S 557-012499-361
CAD Canadian Dollar Royal Bank of Canada Toronto ROYCCAT2 095912362622
Toronto Dominion Bank Toronto TDOMCATTOR 0360-01-2002435
CHF Swiss Franc UBS AG Zurich UBSWCHZH80A 0230000005715 004
0000H
Zürcher Kantonalbank Zurich ZKBKCHZZ80A CH1000700070001469
401
CNY Chinese Yuan HSBC Limited Hong Kong HSBCHKHHHKH 111-028072-209
Bank of China Hong Kong Hong Kong BKCHHKHH 012-875-60121398
DKK Danish Krone Danske Bank A/S Copenhagen DABADKKK 3007523343
GBP British Pound HSBC Bank plc (Sort code 400515) London MIDLGB22 37344096
Deutsche Bank AG (Sort code 405081) London DEUTGB2L 20673300
Euroclear Bank S.A./N.V.* Brussels MGTCBEBEECL
HKD Hong Kong Dollar HSBC Limited Hong Kong HSBCHKHHHKH 111028072001
Citibank NA Hong Kong Hong Kong CITIHKHX 2849152001
IDR Indonesian Deutsche Bank AG Jakarta DEUTIDJA 02097 00000
Rupiah
JPY Japanese Yen Mizuho Corporate Bank, Ltd. Tokyo MHCBJPJT 5524010
The Bank of Tokyo-Mitsubishi UFJ, Ltd. Tokyo BOTKJPJT 653-0430897
MYR Malaysian Ringgit Deutsche Bank (Malaysia) Berhad Kuala Lumpur DEUTMYKL 0207936-00-0
HSBC Bank Malaysia Berhad Malaysia HBMBMYKL 105-748503-101
NZD New Zealand ANZ National Bank Limited Wellington ANZBNZ22 690164NZD00001
Dollar
HSBC, New Zealand Branch Auckland HSBCNZ2A 040-016917-261
PHP Philippine Peso Citibank N.A. Manila CITIPHMX 5-110044-013
SGD Singapore Dollar DBS Bank Ltd. Singapore DBSSSGSG 037-000480-4

6
Hong Kong Monetary Authority
Central Moneymarkets Unit
ISO Country / Euroclear Account
Group Cash Correspondent Location SWIFT BIC
Currency Currency Number
HSBC Singapore Singapore HSBCSGSG 141-297762-001
THB Thai Baht Bangkok Bank PCL Bangkok BKKBTHBK 101-340591-3

USD US Dollar The Bank of New York New York IRVTUS3N 890-0405-139
(Fedwire number 021000018, or CHIPS UID 0001)
Citibank NA New York CITIUS33 36212531
(Fedwire number 021000089, or CHIPS UID 0008)
JPMorgan Chase Bank New York CHASUS33 300281641
(Fedwire number 021000021, or CHIPS UID 0002)
Citibank N.A. Hong Kong Branch Hong Kong CITIHKHX 5/849152/019

* Euroclear Bank has an RTGS account in the National Bank of Belgium (NBB), hence, has direct access to TARGET2, the European Real-Time Gross
Settlement System.

7
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.14

P.14 Euroclear–Input Deadlines for Money Transfer Instructions

Money Instructions/Currencies Input Deadlines (HK Time)

Wire transfer/ CMT/SWIFT FAX

Preadvice of funds - via Day Day
correspondent bank

CAD, CHF, DKK, GBP, Eur 18:00 X 16:00 X

EUR(Decommissioed as of 4
May 2020)
via EU Cash Correspondents 18:00 X 16:00 X
via EUR CHATS in Hong Kong 14:00 X 12:00 X
(CITIHKHX)

USD
via NY Cash Correspondents 18:00 X 16:00 X
via USD CHATS in Hong Kong* 14:00 X 12:00 X
(CITIHKHX)

JPY 10:00 X 18:00 X-1

IDR 10:00 X 18:00 X-1
AUD 11:00 X 09:00 X
PHP 11:00 X 09:00 X
THB 12:00 X 10:00 X
MYR 13:00 X 11:00 X
HKD 15:00 X 12:00 X
SGD 14:00 X 12:00 X
NZD 14:00 X 12:00 X
CNY 18:00 X 16:00 X
Notes: Day X denotes the Value Day.
Book Transfer:
All currencies 18:00 X 16:00 X Day
X-1

Deposit of Funds via RTGS

Systems in Hong Kong (temporarily
deactivated until the MA announces
otherwise):

USD*, EUR 18:00 X 16:00 X

HKD 14:00 X 12:00 X

Withdrawal of Funds to Hong Kong

dollar RTGS System in Hong Kong:
(temporarily deactivated until the
MA announces otherwise)
HKD 14:00 X 12:00 X

denotes one Business Day before the Value Day.

* Only executed on days that are local business days in HK & US i.e. days that both markets are open.

8
 Hong Kong Monetary Authority Appendix P.14
Central Moneymarkets Unit

Euroclear – Input Deadlines for Money Transfer Instructions

(cont’d)
Money Input Deadlines for Cancellation (HK Time)
Instructions/Currencies
WIRE TRANSFER PRE-ADVICE
CMT/SWIFT FAX CMT/SWIFT FAX
Day Day Day Day

CHF, DKK, GBP,EUR 13:00 X 11:00 X 18:00 X 16:00 X

CAD 18:00 X 16:00 X 18:00 X 16:00 X

EUR(Decommissioned as of
4 May 2020)
via EU Cash Correspondents 13:00 X 11:00 X 18:00 X 16:00 X
via EUR CHATS in Hong 18:00 X-1 16:00 X-1 14:00 X 12:00 X
Kong

USD
via NY Cash Correspondents 18:00 X 16:00 X 18:00 X 16:00 X
via USD CHATS in Hong 18:00 X-1 16:00 X-1 14:00 X 12:00 X
Kong*

NZD 18:00 X-1 16:00 X-1 14:00 X 12:00 X

JPY 18:00 X-1 16:00 X-1 10:00 X 18:00 X-1
IDR 18:00 X-1 16:00 X-1 10:00 X 18:00 X-1
AUD 18:00 X-1 16:00 X-1 11:00 X 09:00 X
PHP 18:00 X-1 16:00 X-1 11:00 X 09:00 X
MYR 18:00 X-1 16:00 X-1 13:00 X 11:00 X
HKD 18:00 X-1 16:00 X-1 15:00 X 12:00 X
CNY 18:00 X-1 16:00 X-1 18:00 X 16:00 X
SGD 18:00 X-1 16:00 X-1 14:00 X 12:00 X
THB 18:00 X-1 16:00 X-1 12:00 X 10:00 X
Money Instructions/Currencies Input Deadlines for Cancellation (HK Time)
CMT/SWIFT FAX
Book Transfer: Day Day
All currencies 18:00 X–1 16:00 X–1

Deposit of Funds via RTGS Systems in Hong

Kong (temporarily deactivated until the MA
announces otherwise):
EUR** / USD 18:00 X 16:00 X

HKD 14:00 X 12:00 X

Withdrawal of Funds to Hong Kong dollar

RTGS System in Hong Kong (temporarily
deactivated until the MA announces otherwise):
HKD 18:00 X–1 16:00 X–1

Notes: Day X denotes the Value Day.

Day X-1 denotes one Business Day before the Value Day.
* Only executed on days that are local business days in HK & US i.e. days that both markets are open.

9
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.15

P.15 List of Clearstream Cash Correspondents

ISO Country /
Group Cash Correspondent Location SWIFT BIC CBL Cash Account Number
Currency Currency
Euro EUR Austria Erste Group Bank AG Vienna GIBAATWG AT80 2010 0403 3163 7800
Belgium KBC Bank Brussels KREDBEBB 480-9163147-50
Finland Nordea Bank Finland Plc Helsinki NDEAFIHH 200067-01030598
Germany Deutsche Bank Frankfurt DEUTDEFF DE44 5007 0010 0938 2250
00
(via TARGET2) Banque centrale du Luxembourg Luxembourg TRGTXEPM LU84 9990 0012 8904 200E
Other AUD Australian Dollar Australia and New Zealand Banking Melbourne ANZBAU3M 923979AUD00001
Group Limited
CAD Canadian Dollar Bank of Montreal Montreal BOFMCAM2 3169-1043342
CHF Swiss Franc UBS AG Zurich UBSWCHZH80A 023 000000 60768050000
CNY Chinese Yuan Standard Chartered Bank Hong Kong SCBLHKHHXXX 44709447259
Chinese Yuan Bank of China (Hong Kong) Limited Hong Kong BKCHHKHHXXX 01287560120489
Chinese Yuan Bank of China Frankfurt BKFHDEFF 9700239431
Chinese Yuan ICBC Singapore Branch Singapore ICBCSGSGCLR 6103020000000009962
DKK Danish Krone Danske Bank Copenhagen DABADKKK DK84 3000 3007 5034 58
GBP British Pound Barclays Bank PLC London BARCGB22 GB29 BARC 2032 5350 4088
59
HKD Hong Kong Dollar Standard Chartered Bank Hong Kong SCBLHKHH 44709447240
IDR Indonesian Citibank N. A. Jakarta CITIIDJX 0- 800542- 014
Rupiah
JPY Japanese Yen Mizuho Corporate Bank Ltd. Tokyo MHCBJPJT 4517010
MYR Malaysian Ringgit HSBC Bank (Malaysia) Berhad Kuala Lumpur HBMBMYKL 318- 104965- 016
NZD New Zealand ANX bank New Zealand Ltd. New Zealand ANZBNZ22 923979NZD00001
Dollar
PHP Philippine Peso Standard Chartered Bank Philippines SCBLPHMM 0142683771002
SGD Singapore Dollar DBS Bank Ltd Singapore DBSSSGSG 037-003451-7
THB Thai Baht HSBC Bangkok HSBCTHBK 001-271725-002
USD US Dollar JPMorgan Chase Bank New York CHASUS33 001- 1- 573714

10
Hong Kong Monetary Authority
Central Moneymarkets Unit
ISO Country /
Group Cash Correspondent Location SWIFT BIC CBL Cash Account Number
Currency Currency
US Dollar Citibank N.A. New York CITIUS33 10545071

11
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.16

P.16 Clearstream – Input Deadlines for Money Transfer Instructions

Money Instructions/
Input Deadlines (HK Time)
Currencies
Wire transfer/ CMT/SWIFT FAX
Preadvice of funds - via Day Day
correspondent bank

AUD, MYR, PHP 11:00 X 17:00 X–1

CNY 16:00 X 14:00 X

HKD 14:00 X 12:00 X

SGD 12:00 X 10:00 X

JPY 10:00 X 17:00 X–1

CHF, DKK, EUR, GBP 17:00 X 15:00 X

CAD, USD 17:00 X 15:00 X

IDR, NZD, THB 17:00 X–1 15:00 X–1

Book Transfer:

All currencies 17:00 X 15:00 X

Deposit of Funds via

RTGS Systems in Hong
Kong (temporarily
suspended until the MA
announces otherwise):

HKD 14:00 X 12:00 X

USD, EUR 18:00 X 16:00 X

Withdrawal of Funds to
Hong Kong dollar RTGS
System in Hong Kong
(temporarily suspended
until the MA announces
otherwise):

HKD 14:00 X 12:00 X

Notes: Day X denotes the Value Day.

Day X-1 denotes one Business Day before the Value Day.

12
Hong Kong Monetary Authority
Appendix P.16
Central Moneymarkets Unit

Clearstream – Input Deadlines for Money Transfer Instructions

(cont’d)
Money Instructions/
Input Deadlines for Cancellation (HK Time)
Currencies
CMT/SWIFT FAX
Wire Transfer & Pre- Day Day
Advice

AUD, MYR, PHP 17:00 X–1 15:00 X–1

CNY 14:00 X 12:00 X

HKD 12:00 X 10:00 X-1

SGD 10:00 X 17:00 X

JPY 17:00 X–1 15:00 X-1

CHF, DKK, EUR, GBP, 15:00 X 13:00 X–1

CAD, USD 15:00 X 13:00 X

IDR, NZD, THB 15:00 X–1 13:00 X–1

Book Transfer:

All currencies 15:00 X 13:00 X

Deposit of Funds via RTGS Notes:

Systems in Hong Kong Day X
denotes
(temporarily suspended until the
the MA announces otherwise): Value
Day.
HKD 12:00 X 10:00 X Day
X-1
denotes
USD, EUR 15:00 X 13:00 X one
Business
Withdrawal of Funds to Hong Day
Kong dollar RTGS System in before
the
Hong Kong (temporarily Value
suspended until the MA Day.
announces otherwise):

HKD 12:00 X 10:00 X

13
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.17

Instruction for Euroclear Custody Operation Form

P.17 Proceed Securities Delivery Instruction – Type 64
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
CSD Code : EC=Euroclear

Event No. :

(20:) Participant’s TRN : (max 16 chars)

(83C:) Your Account : (CMU Account Number)

(35A:) Quantity of Securities : FMT

(35B:) Securities Code :  Issue Number

 Common Code
 ISIN
(79:) Instruction Type - Subtype : 64

(30:) Execution Date : (yymmdd)

(Optional)

(87F:) Receiver of Securities :

Name & address

(88D:) Beneficiary of Securities :

(77D:) Registration Details :

(Conditional)

(77R:) Certification :  A - Short form certification to certify non-US beneficial ownership

(Conditional) under applicable US Law
B - Qualified Institutional Buyers (QIB) certification
N - NO certification is required
W - Specific electronic certification is required
Z - Paper form certification is required

(72:) Remarks to Euroclear : EOC:

(Optional)

Remarks to Recipient : REC:

(Conditional)

HKMA use only

Person to contact in case of query: (Tel: ) Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on quantity of securities

Company Chop
14
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix P.18

Instruction for Euroclear Custody Operation Form

P.18 General Custody Operation Instruction – Type 54
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
CSD Code : EC=Euroclear

EC Event No. :

(20:) Participant’s TRN : (max 16 chars)

(83C:) Your Account : (CMU Account Number)

(35A:) Quantity of Securities : FMT

(35B:) Securities Code :  Issue Number  Common Code  ISIN

(79:) Instruction Type - Subtype : 54/DELI

Remarks to Recipient : REC:

(Conditional)

(30:) Execution Date : (yymmdd)

(Optional)
(87F:) Receiver of Securities :

Name & address

(Conditional) :

(88D:) Beneficiary of Securities :

(Conditional)

(77D:) Registration Details :

(Conditional)

(77R:) Certification :  A - Short form certification to certify non-US beneficial

(Conditional) ownership under applicable US Law
 B - Qualified Institutional Buyers (QIB) certification
 N - NO certification is required
 W - Specific electronic certification is required
 Z - Paper form certification is required

(72:) Priority Date : /PRIORREQ/ (yymmdd)

(Optional)
Remarks to Euroclear :  EOC:Option Shares
 EOC:Option Cash
HKMA use only
Person to contact in case of query: (Tel: ) Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on quantity of securities

Company Chop

15
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix P.19

Instruction for Euroclear Custody Operation

P.19
Certification for Beneficial Ownership – Type 30
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CSD Code :EC=Euroclear

(:20:) Participant’s TRN : (max 16 chars)

(:23:) Further Identification : (Optional, max 8 chars; e.g. CONVERSN)

(:83C:) Your Account : (CMU Account Number)

(:35A:) Quantity of Securities : FMT (Quantity Instructed)

(:35B:) Securities Code :  Issue Number

 Common Code
 ISIN

(77R:) Certification :  A - Short form certification to certify non-US beneficial

ownership under applicable US Law
 B - Qualified Institutional Buyers (QIB) certification
 Z - Paper form certification is required

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on quantity of securities
Company Chop

16
Hong Kong Monetary Authority Appendix P.20
Central Moneymarkets Unit

P.20 Instruction for Euroclear Custody Operation

Authorization to disclose – Type 37
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
CSD Code : EC=Euroclear

EC Event No. :

(79:) Instruction Type - Subtype : 37

(20:) Member’s own Reference : (max 16 chars)

(83C:) Your Account : (CMU Account Number)

(35A:) Quantity of Securities : FMT

(35B:) Securities Code :  Issue Number

 Common Code
 ISIN

(77R:) Certification :  (Conditional)

(88D:) Beneficiary of Securities : BO: (35 chars)

(BO’s name, address, contact person, contact email/tel/fax)

__________________________________________ (35 chars)

__________________________________________ (35 chars)

__________________________________________ (35 chars)

(72:) Remarks to Euroclear : INX CONTACT DETAILS: (35 chars)

(Your contact name and telephone no.)

__________________________________________ (35 chars)

HKMA use only

Signature(s)/Test No.
Verified by:
__________________________________________________________
Authorized Signature(s) or Test Number
Company Chop (tested on quantity of securities)

17
Hong Kong Monetary Authority Appendix P.21
Central Moneymarkets Unit

P.21 Instruction for Clearstream Custody Operation

Bond Holder Meeting

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

CSD Code : CS=Clearstream

CA Event Type : BMET Bond Holder Meeting

(:20:) Participant’s TRN : (max 16 chars)

(:83C:) Your Account : (CMU Account Number)

(:35A:) Quantity of Securities : FMT (Quantity Instructed)

(:35B:) Securities Code :  Issue Number

 Common Code
 ISIN

(77R:) CA Option Number :  001 - /CONY

 002 - /CONN
 003 - /PROX
 004 - /NOAC

(72:) Remarks to Clearstream :

(Optional)

Remarks to Recipient : REC:

(Conditional)

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on quantity of securities
Company Chop

18
Hong Kong Monetary Authority Appendix Q.1
Central Moneymarkets Unit

Bilateral Securities Linkage – Australia

Q.1

Deposit of Fund/Money Transfer Form*

(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : ___________________(Code) for value on _____________________

Participant’s TRN (for new instruction) : (max 16

chars)

Participant’s TRN (for cancellation) : (max 16

chars)

Transaction Type : Deposit of Funds

Transfer out of Funds

Amount : AUD

Name of Correspondent Bank :

Member Code in Austraclear :

Others :

Account Name with Correspondent Bank :

(Mandatory for money transfer out instruction)

Account Number with Correspondent Bank :

(Mandatory for money transfer out instruction)

Person to contact in case of query : Tel:

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on total holdings

Company Chop
_______________________________________________________________________________
IMPORTANT: Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
Please send this form to CMU no later than
10:00 a.m. HK time (Mid October – Mid March)
11:00 a.m. HK time (End October – End March)
12:00 noon HK time (End March – End October) for Australian Securities

*Please delete as appropriate

19
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix Q.2

Q.2 Bilateral Securities Linkage – Australia

Securities Transfer Form
(New/Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Please arrange a DvP/FoP transfer for the below transactions:

For CMU Account : _________________(Code) for value on _______________________

Participant’s TRN (for new instruction) : (max 16

chars)

Participant’s TRN (for cancellation) : __ (max 16

chars)

Currency :

Sell/Buy :

Counterparty - Member Code in Austraclear :

Others :

- Member Name in Austraclear :

Others :

Securities - Issue Number :

- Description :

Deal Date : ___ Settlement Date :

Nominal Amount: ____ Settlement Amount :

Yield Rate : _____ Deal Price :

Person to contact in case of query: Tel: ___

HKMA use only
Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/Amount

Company Chop
_______________________________________________________________________________
IMPORTANT: Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
Please send this form to CMU no later than
10:00 a.m. HK time (Mid October – Mid March)
11:00 a.m. HK time (End October – End March)
12:00 noon HK time (End March – End October) for Australian Securities

*Please delete as appropriate

20
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix R.1

R.1 Bilateral Securities Linkages – South Korea

Standing Instruction of Payment
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
We hereby authorize the CMU to effect all payments arising from corporate actions such as
interest income payment and redemption to the following bank. Also, we agree that all our
remaining cash balance related to debt se curities transactions settled through the linkage
service will be transferred to the below-mentioned bank.

Currency :

Name of Correspondent Bank :

Account Number at BOK :

Account Name :
with the Correspondent Bank

Account Number :
with the Correspondent Bank

_____________________________________
Authorized Signature(s)
Company Chop

21
Hong Kong Monetary Authority Appendix R.2
Central Moneymarkets Unit

R.2 Bilateral Securities Linkage-South Korea

Securities Transfer Form
(New/Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Please arrange a DvP/FoP transfer for the below transaction:

For CMU Account : _________________(Code) for value on ____________________

Participant’s TRN (for new instruction) : (max 16 chars)

Participant’s TRN (for cancellation) : (max 16 chars)

Currency :

Sell/Buy :

Counterparty - Member Code in KSD :

- Member Name in KSD :

Securities - Issue Number (ISIN Code) :

- Description :

Deal Date : ________________________ Settlement Date : _________

Nominal Amount: Settlement Amount (a) : ______

Yield Rate : Brokerage Fee (b) :

Deal Price : Net Settlement Amount (a±b): ___

Person to contact in case of query : _____________________Tel: __________________

HKMA use only
Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/Amount

Company Chop

_________________________________________________________________________________

IMPORTANT : 1. Please send this form to CMU no later than 2:00 p.m. (HK time)
2. Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation

22
 Appendix R.3

R.3 Application for Investment Registration

(Use your company’s letterhead)
1. Identification of the Investor (to be written in English)
- Name (Individual): (Last Name)____________ (First Name)________________
- Company Name(Foreign Corporation, etc.): _________________________
______________________________
- Birth Date or Incorporation Date:
- Address:
(Telephone No.: )
- Nationality:
- Investment Registration Number (who already registered):

2. Classification of Investor (mark ‘V’ in the column concerned)

A. Classification
-  Individual: •  Resident •  Non-resident
- Foreign Corporation, etc.: •  Resident •  Non-resident
 Government •  Provincial Self-governing Body  Public Organization
•  International Organization or Body •  Corporation
•  Fund, Association, etc. •  Non-resident Korean National

B. Business Type
•  Securities Company •  Bank •  Insurance Company
•  Investment Trust ( Corporate Type •  Contract Type)
• Trust Company •  Other Finance Company •  Pension Fund  Other

3. Agent Relations, etc.

- Standing Proxy: Korea Securities Depository
- Custodian: Korea Securities Depository
- Foreign Exchange Bank:

4. Overview of the Investor

(only in case of Foreign Corporation, etc. (excluding Non-resident Korean
National))

A. Description of the Investor

- Name of Representative(s):
- Governing Law of Establishment and the related Article:
- Main business:

B. Financial Status (unit: million US$)

- Assets:
- Liabilities:
- Capital:

C. Information on the largest Shareholders

Name Invested Holding Nationality Relation to

Amount Ratio the Applicant

23
 Appendix R.3
D. Related Institution (specifying nationality)
- Management Company:
- Trustee Company:
- Advisory Company:
- Global Custodian:
- Status of Fund Related:

5. List of Share Holdings Acquired through Foreign Direct Investment, if any (specify
name of company, holding ratio, etc.)

I/We hereby apply for investment registration in accordance with Article 10 of the
Regulation on Trading of Securities by Foreigners and Articles 8 and 9 of the Rule.

2000. . .
Registrant (or agent): (Seal)
(in case of a Foreigner, seal or signature)

(Documents to be attached)

1. An official document or its photocopy confirming the identification of the registrant.

- Individual (including Non-resident Korean Nationals)

o Non-residents: Passport, Citizenship Certificate or any other document
containing personal data such as name and date of birth, which is issued by
the government of the relevant country.
o Non-resident Korean Nationals: A document confirming resident status such
as Resident Certificate issued by the government of the relevant country or
Certificate of Non-resident Korean National issued by Korean ambassador to
the relevant country

- Foreign Corporation (excluding Non-resident Korean National)

o Non-resident Foreign Corporation, etc.: A document which is issued by the
government, municipal office or any other public regulatory body of the
relevant country containing name, date of establishment, name of issuing
party, date of issuance(Including the Company By-Laws)

* A foreigner who has already registered for Investment in Bonds or Stocks

at the point of the registration for Investment in Stocks or Bonds is not
required to submit the above document.

2. A copy of Power of Attorney or Standing Proxy Agreement if the application is filed

by an agent.

3. In case of separate investment registration in accordance with Article 9 of the Rule

for the Regulation on Trading of Securities by Foreigners, a document confirming
the necessity.

24
 Appendix R.4
Application for account opening
Standard Form for Correspondent Bank Account
R.4 Application for account opening(Use your company’s letterhead)
Date: ______________
I (We) hereby apply for the opening of account(s)/securities custody account(s) as indicated below
with an acknowledgment and acceptance of your “Terms and Conditions” and “Agreement for Deposits”.
For these as well as for all other accounts and/or custody accounts opened in future the following terms
shall apply.
Account holder ID/Buz. Cert. No.

Address Tel:

Corporate seal certificate Fax:

Other:

Form of delivery  Daily  Monthly Via  Mail  Fax

of a/c statement
 Weekly  Other  SWIFT
Account Type  SAVINGS  in KRW  Other Account Number Date Opened
 CHECKING  in USD 301-
Documentation  Authorized Signature  Power of Attorney  Business certificate of Incorporation
required.
 Agreement for deposit  Public Register  Copy of ID for authorized person

1. Authorized Signature
I (We) certify that the person(s) indicated below are authorized to sign on behalf of me (our company), and the
particulars of authorized signatories and specimen signatures are as attached.
Name and Title Signature Name and Title Signature

Note: If more than one signature is required to bind account-holder, special instructions to that effect should be given in
writing here:

2. Power of Attorney for account opening

I(We) appoint the following person as my(our) true and lawful Attorney-in-fact with full power and
authority to act to open account with you.
Name/Title ID #

Address

Sincerely yours,
[Name and Address of depositor] Internal use only
Checked Authorized

(seal/signature)
C15 300 06/96

25
 Appendix R.5

R.5 AGREEMENT FOR LOCAL CURRENCY

DEMAND DEPOSIT ACCOUNT
(Use your company’s letterhead)

Art. 1 Application of General Terms and Conditions

Transactions under the Demand Deposit Account (the “Account”) shall be governed by the General
Terms and Conditions for Deposit Transactions and these Terms and Conditions of Demand Deposit
Account.

Art. 2 Time of Withdrawal

The deposit (“Deposit”) in the Account may be withdrawn at any time upon the Depositor’s request.

Art. 3 Interest
(1)The interest on the Deposit shall be calculated in January and July of each year (the “Determination
Date”) and shall be added to the principal of the Deposit on the date immediately following the
Determination Date (the “Interest Addition Date”).

(2)The interest shall be calculated by applying the interest rate posted at the Bank’s offices to the
average of the daily final balances for the period from the date of the first deposit or the latest Interest
Addition Date, as applicable, to the date immediately preceding the next Interest Addition Date.

Art. 4 Suspension of Account

The Bank may suspend the Account if any of the following events occurs with respect to the Account:

(1) When there has been no account activity for one years or more and the remaining balance is
less than Ten Thousand Won (W10,000).
(2) When there has been no account activity for two years or more and the remaining balance is not
less than Ten Thousand Won (W10,000) but less than Fifty Thousand Won (W50,000).
(3) When there has been no account activity for three years or more and the remaining balance is
not less than Fifty Thousand Won (W50,000) but less than One Hundred Thousand Won (W100,000).

The Deposit in the suspended Account may be withdrawn only at the Opening Branch.
In case the Account continues to have no balance for more than three months, the Bank may close the
Account by written notice and terminate this Agreement.

Art. 5 Prohibition of Assignment or Pledge

The Deposit may be assigned or pledged only with the prior consent of the Bank.

(seal)
Depositor :

Address :

I.D. (Business cert.) No.:

Account No.:
Verified

26
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix R.6

R.6 List of Major Correspondent Banks in South Korea

Bank Contact Point
Kook Min 82-2-3779-8939
Shin han 82-2-756-0505
Seoul 82-2-3709-6312
Industrial Bank 82-2-729-7246
Hanvit 82-2-2259-8116
Korea Exchange 82-2-729-8538
Korea First 82-2-3702-4793
Cho Heung 82-2-3700-4248
Hana 82-2-771-8749
Koram 82-2-3455-2629
Citi 82-2-538-6399
HSBC 82-2-3700-9721
ABN Amro 82-2-399-6600
Bank of New York 82-2-399-0367
Deutche 82-2-724-4526
Tokyo 82-2-310-6113
Bankers Trust 82-2-773-5753
Chase Manhattan 82-2-758-5113

* Foreign investors are able to open a non-residence \/$ account with any branch of banks.
(Usually standing proxy is going to open accounts instead of foreign investors)

27
 Hong Kong Monetary Authority
Appendix R.7
Central Moneymarkets Unit

R.7 List of Major Brokerage Firms in South Korea

Securities Company Contact Point
Bookook 82-2-783-4553
Boram 82-2-3771-3350
Cho Hung 82-2-3770-9434
Daewoo 82-2-768-3775
Daeyu 82-2-783-8829
Daishin 82-2-769-2000
Dongbang Peregrine 82-2-399-6368
Dongwon 82-2-768-5500
Hanwha 82-2-3772-7417
Hanil 82-2-768-8419
Hannuri Investment 82-2-3777-8268
Hyundai 82-2-780-0895
KEB Smith Barney 82-2-3705-0855
Kyobo 82-2-3771-9065
LG 82-2-768-7000
Samsung 82-2-726-0514
Seoul 82-2-368-6503
Shinhan 82-2-368-8731
Ssangyong Investment 82-2-3772-1232
SK 82-2-3773-8245
Tong Yang 82-2-3770-2260
Yuhwa 82-2-3770-0046

* Foreign investors are able to open a securities investment account with any branch of broker firms.
(Usually standing proxy is going to open accounts instead of foreign investors)

28
 Appendix R.8

R.8 STANDING PROXY

(Use your company’s letterhead)

POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
,a company incorporated and existing under the laws
of ,and having its principal office at (hereinafter
referred to as the "Investor") does hereby make, constitute and appoint The Korea
Securities Depository, non-profit central securities depository of Korea incorporated
under the Securities and Exchange Law, with its registered office located at 33 Yoido-
dong, Youngdeungpo-gu Seoul, Republic of Korea, as the Investor's true and lawful
attorney-in-fact, in the name and on behalf of the Investor:

1. To represent the Investor and otherwise to act on its behalf with full powers (including
but not limited to signing of documents, obtaining notarizations, filing papers, and
paying fees) before any Korean government, ministry, bureau, office, institution,
municipality, autonomous unit, organization or any other body in regard to filing an
application for investment registration and obtaining an investment registration card
for the Investor in Korean securities, and to do all activities which are related to, or
incidental directly or indirectly, to the foregoing objects;

2. To open a securities transaction account with securities company in Korea as notified

by the Investor and execute and deliver an entrustment contract with such securities
company;

3. To open a cash account with foreign exchange bank in Korea as notified by the
Investor and execute and deliver an necessary documents with such foreign
exchange bank;

4. To authorize such securities company or /and foreign exchange bank in Korea as

notified by the Investor to do and perform in the name and on behalf of the Investor the
act provided for in paragraph 2 or/and 3 above;

5. To execute and deliver any and all documents and take any and all actions deemed
necessary or appropriate in connection with the foregoing and acting by delegation or
substitution hereunder.

29
 Appendix R.8

Giving and granting into its said attorney-in-fact full power and authority to do and
perform each and every act and thing whatsoever requisite, necessary and proper to
be done in the performance of the above to all intents and purposes as it might or
could do if it were acting for itself, hereby ratifying and confirming all that its said
attorney(or any substitute they shall designate by written instrument) shall lawfully do
or cause to be done by virtue of this document unless revoked by the Investor by
written instrument.

The Investor further agrees to indemnify and hold its said officers and employees
harmless from and all other costs of any kind or nature whatsoever imposed on,
incurred by or asserted against its said attorney and its officers and employees in
respect of its said attorney's action or failure to act in accordance herewith and
without negligence.

IN WITNESS WHEREOF, the Investor has executed this Power of Attorney as of

June ,1999.

Investor Name

By:

Name :
Title:

30
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix R.9

R.9 Tax Treaty

For taxation on investment by non-residents in Korean securities market, following
tax treaty rates apply preferentially.

Country Dividends (%) Interest (%) Capital Gains (%)*

Australia 15 15 0 or 11(e)
Austria 10 or 15(c) 10 0 or 11(d)
Bangladesh 10 10 0
Belgium 15 10 0
Brazil 15 15 10.75
Canada 16.5(a) 16.5(a) 0 or 11(d)
China 5 or 10(c) 10 0
Czech Republic 5 or 10(c) 10 0
Denmark 15 15 0
Egypt 10 or 15(c) 15 0
Fiji 10 or 15(c) 10 0
Finland 10 or 15(c) 10 0
France 10 or 15(c) 10 0 or 11(e)
Germany 10 or 15(c) 15 0 or 11(e)
Hungary 5 or 10(c) 0 0
India 10 or 15(c) 10 or 15(b) 0
Indonesia 10 or 15(c) 10 0
Ireland 10 or 15(c) 0 0
Israel 5 or 15(c) 7.5 or 10 10(e)
Italy 15 or 25(c) 10 0 or 11(d)
Japan 12 12 11
Luxembourg 10 or 15(c) 10 0 or 11(d)
Malaysia 10 or 15(c) 15 0
Mexico 0 or 15(c) 10 or 15(b) 0 or 11(e)
Mongolia 5 5 0
Netherlands 10 or 15(c) 15 0
New Zealand 15 10 0
Norway 15 15 0
Pakistan 10 or 12.5(c) 12.5 0 or 11 (d)
Philippines 11 or 16.5(a,c) 11 or 16.5(a,b) 0
Poland 10 or 15(c) 10 0
Portugal 10 or 15(c) 15 0
Romania 10 or 15(c) 10 0
South Africa Republic 5.5 or 16.5(c) 11(a) 0
Singapore 10 or 15(c) 10 11
Spain 10 or 15(c) 10 0 or 11(e)
Sri Lanka 10 or 15(c) 10 0
Sweden 10 or 15(c) 15 0
Switzerland 10 or 15(c) 10 0
Thailand 20 or 25(c) 10 11
Tunisia 15 12 0

31
Hong Kong Monetary Authority
Appendix R.9
Central Moneymarkets Unit

Country Dividends (%) Interest (%) Capital Gains (%)*

Turkey 15 or 20(c) 15 0
United Kingdom 5 or 10(c) 10 0
United States 11 or 16.5(a,c) 13.2(a) or 27.5(c) 0 or 11 (e)
Vietnam 10 10 0

* The rates specified herein include the cases where taxes are exempted on the basis of reciprocity without concluding
a treaty.
a) Tax treaty does not cover resident tax and the rates are higher than others.
b) Rates vary depending on the term of the instruments.
c) Rates vary depending on whether the dividend paying company is owned over a particular percentage by the
seller.
d) Capital gains tax is payable if the stocks sold are of a corporation is which the seller owns 25 percent or more
of the stocks at any time during the previous two years.
e) Capital gains tax is payable is the stocks sold are of a corporation in which the seller has ever owned 25
percent or more of the stocks.

32
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix R.10

Declaration Form
R.10
for Applying Treaty Rate for Withholding Tax

From:____________________________________________(____________)
Name of Participant Code

We hereby apply for tax concession in respect of the treaty rate of withholding tax for the
following securities:

Securities Name :

Securities ISIN No. :

Payment Date :

CMU A/C No. :

A/C No. with :

Correspondent Bank

Holder’s Nationality :

Nominal Value Held :

Holding Period (Day) :

Correspondent Bank

- Name :

- A/C No. with BOK :

We also enclose the following supporting documents for submitting to the KSD:

a certified copy of certificate of incorporation (for new investors in Korean market

only)

a certified copy of certificate of investment registration.

a letter from our client to declare its nationality with relevant supporting documents
(if the holder is a CMU Member’s Client).

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on nominal

Company Chop value held

33
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix S.1

S.1 CCASS Linkage Service

Settlement Instruction Transaction Input Form
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Please arrange to make the following transfer:

For CMU Account : _____________________(Code) for value on ______________________

Please “” where appropriate:

 New input  Change#  Revoke  Delete

Deal code (to be specified by the HKMA) : _________________________________

Participant’s TRN : (max 16 chars)

Instruction Type : Deliver / Receive* : DVP / FOP / RDP*

Counterparty – CCASS Participant ID :

– Participant Name :

Securities – Stock code / CMU Instrument Number//ISIN :

- Stock description :

Quantity : ______________________ Money Value : HK$

Purpose of Settlement Instruction : ______________________

(if n.a. leave it blank, C = broker-custodian transaction, M = portfolio movement)

Remarks : _______________________________________________________________________

Person to contact in case of query: ___________________________ Tel: _____________________

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number CCY/Quantity
Company Chop

Note: 1. For fax transmission, provide Test Number for Quantity

2. Please send this form to CMU no later than 12:00 p.m. (HK time)
3. For DVP and FOP, transaction will be settled at the next settlement run while for RDP,
transaction will be settled at real-time.
# Change money value only *Please delete as appropriate.
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix S.2

S.2 CCASS Linkage Service

Deposit of Funds – via HKD RTGS Systems Form
(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

(:20:) Participant’s TRN (for new instruction): (max 16 chars)

(:20:) Participant’s TRN (for cancellation) : (max 16 chars)

Original deal code/ participant’s TRN* for cancellation :

(:25:) Account to be credited : (CMU Account Number)

(:30:) Value Date : (YYYY-MM-DD)

(:32B:) CCY/Amount : HK$

(:52a:) Ordering Institution (Optional, input either BIC or Name & Address)

BIC : Name and Address :

(:50a:) Ordering Customer (Optional)

Name and Address

:

Person to contact in case of query: (Tel: )

HKMA use only
Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number CCY/Quantity

Company Chop
IMPORTANT: 1. Please send this form before 12:00 on the settlement date.
2. Please quote original Participant TRN/Deal Code* and a new Participant TRN for cancellation.
*Please delete as appropriate.

rr 35
 Hong Kong Monetary Authority Appendix S.3
Central Moneymarkets Unit

S.3 CCASS Linkage Service - Transfer Out of Funds Form

(Input / Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

(:20:) Participant’s TRN (for new instruction) : (max 16

chars)

(:20:) Participant’s TRN (for cancellation) : (max 16

chars)

Original deal code/ participant’s TRN* for cancellation :

(:32A:)Value Date : (YYYY-MM-DD)

CCY/Amount : HK$

(:53B:) Account to be debited : (CMU A/C Number)

(:58a:) Beneficiary Bank (clearing code): ____________________________

Beneficiary Bank Name :

Beneficiary Institution A/C No.:

Beneficiary Name :

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number CCY/Quantity

Company Chop

IMPORTANT : 1. Please send this form before 12:00 on the settlement date.
2. Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
*Please delete as appropriate.
rr 36
 Hong Kong Monetary Authority Appendix S.4
Central Moneymarkets Unit

S.4 CCASS Linkage Service - Voting Request Form

(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Participant’s TRN : (max 16 chars)

I/we wish you to vote as follows in respect of my/our shares in the above Company held by you for
my/our account as at the record date/relevant date stated in the Corporate Announcement
Information.

Stock Code :

Annual General Meeting (AGM) Special / Extraordinary General Meeting (SGM/EGM)

Court Meeting Warrant holders’ Meeting
Other to be held on

Number in Proxy Demand Poll Request

For Against
Form (if applicable)

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on zero amount
Company Chop
Note:
Please check the appropriate box(es) and insert the number of shares/warrants. If you vote without inserting the number of
shares/warrants, we shall regard your instruction applicable to your total (eligible to vote) holding based on our records on the
relevant day.

You are reminded that the giving of instructions to the MA who in turn sends the instructions to HKSCC Nominees in respect
of your shares constitute an undertaking by you to maintain the relevant number of shares in your account with CMU on the
meeting date. Further, the MA and HKSCC Nominees reserves the right to allocate voting rights between participants in the
event that not all shares are re-registered in its name in time for the meeting.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.

rr 37
 Hong Kong Monetary Authority Appendix S.5
Central Moneymarkets Unit

S.5 CCASS Linkage Service

- Cash/Scrip Dividend Election Form
(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Participant’s TRN : (max 16 chars)

Optional Dividend at per share

Payable: on or about

I/we wish to receive the above dividend on my/our holding of shares held for
my/our account as follows:-

1.  In cash (HK$) on my/our holding as at ex-date.

2.  In cash ( ) on my/our holding as at ex-date.

3.  In scrip on my/our total holding as at ex-date.

4.  Cash dividend (HK$) to be received on my/our

shares

Cash dividend ( ) to be received on

my/our
shares

Scrip to be received on my/our

shares

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on no. of shares
Company Chop
Note:
Please check the appropriate box and insert the number of shares if you opt for partial election. If number of shares is not
given in item 4, we shall arrange to receive on your behalf all dividend in the form as offered by the Company.

PLEASE NOTE THAT THIS INSTRUCTION LETTER SHOULD REACH HKSCC NOMINEES LIMITED NOT LATER THAN
THE ELECTION END DATE SPECIFIED IN THE CORPORATE ANNOUNCEMENT INFORMATION. Therefore you should
send the instruction letter to the MA no later than 12:00 noon on the election end date.

If the MA does not receive this instruction letter by the stated deadline, the MA and HKSCC Nominees Limited will (but not be
bound to) take such action with respect to your securities as it considers fit.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.
rr 38
 Appendix S.6
Hong Kong Monetary Authority
Central Moneymarkets Unit

CCASS Linkage Service

S.6

- Subscription of Open Offers Form

(Input / Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Participant’s TRN : (max 16 chars)

Please act on my/our behalf on my/our holding as follows:-

Open Offer

Take up new shares on my/our holdings. We will credit good funds into HKSCC
Nominees Limited A/C#600-398333-007 with HSBC for HKD .

Excess Application

Apart from the new shares which I am/we are entitled to subscribe, please apply for
excess shares. We will credit good funds into HKSCC Nominees Limited A/C#600-
398333-007 with HSBC for HKD .

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no. of shares

Company Chop

Note:
The MA will withdraw immediately from your CMU account with the number of offer that you are entitled to subscribe as
quoted herein upon receipt of your request. For excess application, in the event that the issue is over-subscribed and
allotments are made on a scale basis, distributions to applicants may not necessarily be the same as those published by the
company.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.

rr 39
 Hong Kong Monetary Authority
Appendix S.7
Central Moneymarkets Unit

S.7 CCASS Linkage Service

- Takeover Offer Acceptance/Election Form
(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Participant’s TRN : (max 16 chars)

Cash Offer at HKD per share or

Scrip Offer at per share

I/we wish to receive the above takeover offer on my/our holding of shares held for
my/our account as follows:-

1.  In CASH on my/our holding as at ex-date.

2.  In SCRIP on my/our holding as at ex-date.

3.  Partial Election

Cash to be received on my/our shares

Scrip to be received on my/our shares

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no. of shares

Company Chop
Note:
Please check the appropriate box and insert the number of shares if you opt for partial election. If number of shares is not
given in item 3, we shall arrange to receive on your behalf all dividend in the form as offered by the Company.

PLEASE NOTE THAT THIS INSTRUCTION LETTER SHOULD REACH HKSCC NOMINEES LIMITED NOT LATER THAN
THE ELECTION END DATE SPECIFIED IN THE CORPORATE ANNOUNCEMENT INFORMATION. Therefore you should
send the instruction letter to the MA no later than 12:00 noon on the election end date.

If the MA does not receive this instruction letter by the stated deadline, the MA and HKSCC Nominees Limited will (but not be
bound to) take such action with respect to your securities as it considers fit.

We will withdraw immediately from your CMU account with the number of rights quoted herein upon receipt of your request.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.

rr 40
 Hong Kong Monetary Authority
Appendix S.8
Central Moneymarkets Unit

S.8 CCASS Linkage Service

- Rights Issue Subscription Request Form
(Input / Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Participant’s TRN : (max 16 chars)

Please act on my/our behalf on my/our holding as follows:-

Right Allotment

Take up new shares. We will credit good funds into HKSCC

Nominees Limited A/C#600-398333-007 with HSBC for HKD .

Excess Application

Apart from the new shares which I am/we are entitled to subscribe, please apply for
excess shares. We will credit good funds into HKSCC Nominees
Limited A/C#600-398333-007 with HSBC for HKD .

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on no. of shares
Company Chop

Note:
The MA will withdraw immediately from your CMU account with the number of rights quoted herein upon receipt of your
request.

In respect of application for Excess Shares, you will appreciate that although we act on behalf of various individual
participants the Company considers ourselves as a single shareholder and therefore allow us to lodge one application form
only. In the event that the issue is oversubscribed and allotments are made on a scale basis, distributions to applicants may
not necessarily be the same as those published by the Company.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.

rr 41
 Hong Kong Monetary Authority Appendix S.9
Central Moneymarkets Unit

S.9 CCASS Linkage Service

- Warrant Conversion Request Form
(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Participant’s TRN : (max 16 chars)

In respect of my/our warrants held by you for my/our account, I/we wish you to act as
follows:-

EXERCISE the subscription rights attachment to my/our

(company name) (years) warrants in units of HKD to subscribe for
____________________ shares of ________________________________________
(company name) at HKD _________________ per share, and we will credit good funds
into HKSCC Nominees Limited A/C#600-398333-007 with HSBC for HKD
____________________.

Please subscribe on my/our behalf under advise to me/us, as soon as possible.

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no. of shares

Company Chop

Note:
The MA will withdraw immediately from your CMU account with the number of rights quoted herein upon receipt of your
request.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.

rr 42
 Hong Kong Monetary Authority Appendix S.10
Central Moneymarkets Unit

S.10 CCASS Linkage Service - Conversion Voucher

(Input / Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Participant’s TRN : (max 16 chars)

Participant ID/Name

Please execute the following on my/our behalf by:

Please convert

Withdraw from my/our

CCASS Stock A/C No.

Stock Code/Name

Quantity and

Deposit to my/our:

CCASS Stock A/C No.

Stock Code/Name

Quantity

Authorised Signature of CCASS Participant For Office Use Only

(with Company Chop) Counter Vault

Signature Input by Input by

verify by
Approved by Checked by Checked by

Deposit Validation

Withdrawal Validation

NOTE: Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational
Procedures in effect.

rr 43
 Hong Kong Monetary Authority Appendix S.11
Central Moneymarkets Unit

S.11 CCASS Linkage Service - Dividend/Bonus Claim Letter

(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Participant’s TRN: (max 16 chars)

In respect of the Dividend / Bonus Claim on ________________________________ share of

____________________ under certificate Nos. ___________________________registered in your
name, I/We write on behalf of our client, _____________________________________________,
who through an oversight, neglected to have the above shares transferred before the closing of the
Company’s book on ____________________________________.

For ease of reference, we enclose herewith the under-mentioned documents (Items 1-2 in original
and Item 3-6 in certified true copies) in respect of the said shares for your perusal:-

1. Letter of Indemnity
2. Original Claim Letter from beneficiary with the participant’s endorsement
3. Purchase Contract Note
4. Stock Withdrawal Receipt
5. Share Certificates and Transfer Deeds
6. Transfer Receipt

As the shares were registered in your Nominee’s name, we should be grateful if you would arrange
for refund of the followings:-

________________________ Interim/Final Dividend of _________________ per share totalling

________________
___________________________ Bonus Issue of _______________ totalling _______________
share of _____________________________

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on no. of shares
Company Chop

Note: Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures
in effect.

rr 44
 Hong Kong Monetary Authority Appendix S.12
Central Moneymarkets Unit

S.12 CCASS Linkage Service - Letter of Indemnity

(Input / Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Participant’s TRN : (max 16 chars)

In consideration of your reimbursing Interim/Final dividend HK$ ____________________ and/or

bonus ______________________________ shares in respect of __________________________
shares of _______________________________________________________________________
(certificate number(s) _____________________________________________________________)
which are registered in your name, we hereby undertake:-

to keep you indemnified against all actions, claims, proceeding, damage, costs and expenses
which may be brought against you or suffered or incurred to you and which arise out of or in
connection with your having reimbursed the said dividend/bonus to us.

Dated this ___________ day of ___________ 20 ____________

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on no. of shares
Company Chop

rr 45
 Hong Kong Monetary Authority Appendix S.13
Central Moneymarkets Unit

S.13 CCASS Linkage Service

- Bond Conversion Election Form
(Input / Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Participant’s TRN: (max 16 chars)

In respect of my/our bond held by you for my/our account, I/we wish you to act as follows:-

EXERCISE the subscription rights attachment to my/our __________________________________

(company name) _________________ (year) bonds in units of HKD _________________ to
convert for _________________ shares of __________________________________ (company
name) at HKD _________________ per share, and we will credit good funds into HKSCC Nominees
Limited A/C#600-398333-009 with HSBC for HKD _________________.

Please subscribe on my/our behalf under advise to me/us, as soon as possible.

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on no. of shares
Company Chop

Note:
The MA will withdraw immediately from your CCASS account with the number of rights quoted herein upon receipt of your
request.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.

rr 46
 Hong Kong Monetary Authority
Appendix S.14
Central Moneymarkets Unit

CCASS Linkage Service

S.14
- Bond Redemption Acceptance/Election Form
(Input / Cancel*)

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
Participant’s TRN: (max 16 chars)

Bond Redemption at HKD _______________ per share

I/we wish to receive the above bond redemption on my/our holding of

_________________________ shares held for my/our account in cash on my/our total holding as at
ex-date.

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no. of shares

Company Chop

Note:
PLEASE NOTE THAT THIS INSTRUCTION LETTER SHOULD REACH HKSCC NOMINEES LIMITED NOT LATER THAN
THE ELECTION END DATE SPECIFIED IN THE CORPORATE ANNOUNCEMENT INFORMATION. Therefore you should
send the instruction letter to the MA no later than 12:00 noon on the election end date.

If the MA does not receive this instruction letter by the stated deadline, the MA nad HKSCC Nominees Limited will (but not be
bound to) take such action with respect to your securities as it considers fit.

We will withdraw immediately from your CMU account with the number of rights quoted herein upon receipt of your request.

Activities under the MA’s account with CCASS are subject to the General Rules of CCASS and Operational Procedures in
effect.

rr 47
 Hong Kong Monetary Authority
Appendix T.1a
Central Moneymarkets Unit

T.1a Enrolment Form for Northbound Bond Connect

Linkage Service
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We would like to enrol to the Northbound Bond Connect service by using the
nominees accounts opened with CCDC and SHCH by the Hong Kong Monetary
Authority. We will open segregated sub-accounts in the CMU system to hold our
own and clients’ eligible securities at individual Eligible Investor level.

For handling the renminbi cash, we wish to register with the MA that we will:
i) transfer our renminbi funds in relation to Northbound Bond Connect
transactions; or
ii) sweep any outstanding balance, if any, arising out of any
NorthboundBond Connect transactions at day end

to our Hong Kong Designated Cash Account opened with the below bank in Hong
Kong. .

Settlement account details:

Name of Settlement Bank Bank, Branch & Account Number New / Delete*

- -

SWIFT BIC of Settlement Bank (if any):_________________________________

Bank Account Name:

Person to contact in case of query: __________________________ Tel: _____________________

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no amount

Company Chop
* delete as appropriate
CCDC – China Central Depository and Clearing Co., Ltd
SHCH – Shanghai Clearing House

rr 48
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix T.1b

T.1b Standing Settlement Instruction for Northbound Bond

Connect Linkage Service
(Amendment)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We wish to amend the Settlement Bank for the Northbound Bond Connect service
by using the nominees accounts opened with CCDC and SHCH by the Hong Kong
Monetary Authority with effect from _____________.

For handling the renminbi cash, we will:

iii) transfer our renminbi funds in relation to Northbound Bond Connect
transactions; or
iv) sweep any outstanding balance, if any, arising out of any Northbound
Bond Connect transactions at day end

to our Hong Kong Designated Cash Account opened with the below bank in Hong Kong.

Settlement account details:

Name of Settlement Bank Bank, Branch & Account Number

- -

SWIFT BIC of Settlement Bank (if any):_________________________________

Bank Account Name:

 The reporting requirements set out by the MA in its guidelines* are fulfilled by
informing the MA of the change of the primary FX settlement bank.
Person to contact in case of query: __________________________ Tel: _____________________

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on no amount

Company Chop
* Please refer to CMU Reference Manual Part IV Clause 6.4.15 for CCDC and Part IV Clause 7.4.15 for SHCH
CCDC – China Central Depository and Clearing Co., Ltd
SHCH – Shanghai Clearing House

rr 49
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix T.1c

T.1c Confirmation of Standing Settlement Instruction for

Northbound Bond Connect Linkage Service
Date:
To : Hong Kong Monetary Authority
Facsimile : (852) 2878 1676 - 1677
Email : [email protected]

From : ( )
Name of Settlement Bank Code

We have agreed with our client, __________________________________________,

on the use of the below bank account to transfer the renminbi funds in relation to
Northbound Bond Connect transactions; or sweep any outstanding balance, if any,
arising out of any northbound Bond Connect transactions at day end.

The settlement details of our client are as follows:

Settlement account details:

Name of Settlement Bank Bank, Branch & Account Number

- -

SWIFT BIC of Settlement Bank (if any):_________________________________

Bank Account Name:

Person to contact in case of query: __________________________ Tel: _____________________

Authorized Signature(s)
Company Chop

rr 50
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix T.2

T.2 SWIFT Format and CMT layout for Deposit of Fund via
HK RTGS
Sample MT210 (for SHCH)

MT210: Deposit of funds via RMB RTGS in HK

Field content Description
:20:BondConnect5 TRN (Participant’s transaction reference
:25:ABCD000SHC number)
CMU Participant code and CSD code
:30:180106 Value date
:21:DepositRef Related reference
:32B:CNY99888777,66 Currency and amount
:52A:ABCDHKHH Ordering institution
:56A:HKMAHKHC Intermediary (HKMA CMU BIC)

Sample CMT screen for creating Deposit of Fund via HK RTGS

rr 51
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix T.3

T.3 Sample Payment Message Sent to Settlement Banks in

Mainland China

Using Mainland Dealer 中国工商银行股份有限公司 as an example:

MT202: Financial institution transfer

Field content Description
:20:XXXXXXXXXXXXX TRN (Participant’s transaction reference number)
Related reference (suggest inputting CFETS Trade
:21:BTnnnnnnnnnnnnnn Reference Number, truncating the first character)

:32A:170630CNY1000000, Value date, currency and amount

:52A:XXXXXXXXXXX Ordering institution BIC (CMU Member’s BIC)

:57A:/ICBKCNBJXXX Account with institution (Mainland settlement

bank’s BIC)
:58D:/0101000111400010077 Beneficiary institution (Mainland dealer’s account
(BENE’s NAME) number with its settlement bank)
:72:
/SPRO/91 Payment code 91
/BFTFDR/ Funds transfer
/BNF//ZQT/SETTDT/20170525/SE Securities trade information as specified in PBoC’s
//TTNB/00000001/NDCCCNBJX guideline
//XX/1234567/7654321

Trade details in Field 72:

MT202
Field 72 “/ZQT/”+”/SETTDT/”+” 结算日期”
+”/SETTNB/”+”结算代码”+”境内托管机构
号”+”卖方持有人账号”+”买方持有人账
号”，示例：
/ZQT/SETTDT/20170525/SETTNB/00000
001/NDCCCNBJXXX /1234567/7654321

* ZQT/SET为“债券通”业务代码。
* ”结算代码”填写中央结算公司生成的结算合同编号，或上海清算所生成的结算指令编
号。
* “境内托管机构号”填写境内托管机构的 CIPS 行号；“卖方持有人账号”填写债券卖出方
在境内托管机构开立的债券账号。“买方持有人账号”填写债券买入方在境内托管机构
开立的债券账号。

rr 52
 Hong Kong Monetary Authority Appendix T.4
Central Moneymarkets Unit

T.4 Northbound Bond Connect Participating Dealers – Holding Account Number and BIC
Information

Holding Account Number Holding Account Number

Institution Name (in Chinese) Institution Name (in English) BIC (If any)
with SHCH with CCDC
1 法国巴黎银行（中国）有限公司 BNP Paribas (China) Limited BNPACNSHXXX A0002386 A0002000306

2 中国农业银行股份有限公司 Agricultural Bank of China Limited ABOCCNBJXXX A0000054 A0002000001

3 中信银行股份有限公司 China Citic Bank CIBKCNBJXXX A0000090 A0006000001

4 上海浦东发展银行股份有限公司 Shanghai Pudong Development Bank Co., Ltd SPDBCNSHXXX A0000153 A0010000001

5 交通银行股份有限公司 Bank of Communication Co., Ltd. COMMCNSHXXX A0000081 A0005000001

6 兴业银行股份有限公司 Industrial Bank Co. Ltd. FJIBCNBA A0000162 A0011000001

7 国泰君安证券股份有限公司 Guotai Junan Securities Co., Ltd. GTJACNSH B0002728 A0070000001

8 招商银行股份有限公司 China Merchants Bank CMBCCNBSXXX A0000144 A0012000001

9 中国建设银行股份有限公司 China Construction Bank Corporation PCBCCNBJXXX A0000072 A0004000001

10 中国银行 Bank of China BKCHCNBJXXX A0000063 A0003000001

11 广发证券股份有限公司 GFS - B0003510 A0104000001

12 东方证券股份有限公司 Orient Securities Company Limited - B0002700 Z0880000000

13 中信证券股份有限公司 CITIC Securities Company Limited CSCLCNBJ B0003411 A0074000001

14 汇丰银行（中国）有限公司 HSBC Bank (China) Co Ltd HSBCCNSHXXX A0002133 Z0091000000

15 花旗银行（中国）有限公司 Citibank (China) Co Limited CITICNSXXXX A0002151 Z0102000000

16 德意志银行（中国）有限公司 Deutsche Bank (China) Co., Ltd. DEUTCNBJXXX A0002322 Z1001000000

17 星展银行（中国）有限公司 DBS Bank (China) LIMITED DBSSCNSHXXX B0004889 00000003388
18 渣打银行（中国）有限公司 Standard Chartered Bank (China) Limited SCBLCNSXXXX A0002160 A0001000020

19 中国工商银行股份有限公司 Industrial and Commercial Bank of China Limited ICBKCNBJXXX A0000045 A0001000001
20 宁波银行股份有限公司 Bank of Ningbo Co., Ltd BKNBCN2N A0000720 A0027000001

21 三菱东京日联银行（中国）有限公司 MUFG Bank (China), Ltd. BOTKCNSHXXX B0002223 A0012000846

22 上海银行股份有限公司 Bank of Shanghai Co, Ltd. BOSHCNSHXXX A0000801 A0016000001

23 中国国际金融股份有限公司 China International Capital Corporation Limited - B0002593 A0108000001

24 国家开发银行 China Development Bank - B0000018 A0079000001

25 中国民生银行股份公司 China Minsheng Banking Corporation Limited MSBCCNBJ A0000171 A0009000001

26 中信建投证券股份有限公司 CSC Financial Co., Ltd. BKCHCNBJXXX B0002647 A0083000001

27 招商证券股份有限公司 China Merchants Securities co., Ltd. CHMCCNBS B0003349 A0088000001

28 美国银行有限公司上海分行 Bank of America N.A. Shanghai Branch BOFACN3XXXX - Z0489000000

29 浙商银行股份有限公司 China Zheshang Bank Co. Ltd ZJCBCN2NXXX B0000199 A0023000063

30 摩根大通银行（中国）有限公司 JPMorgan Chase Bank (China) Company Limited CHASCNBJXXX A0002269 A0009000318
31 瑞穗银行（中国）有限公司 Mizuho Bank (China), Ltd MHCBCNSH B0002179 00000002075

32 平安证券股份有限公司 Ping An Securities Co., Ltd. PISOCNB1 B0003303 Z0791000000

33 广发银行股份有限公司 China Guangfa Bank Co. Ltd GDBKCN22XXX A0000126 A0045000001

34 南京银行股份有限公司 Bank of Nanjing NJCBCNBNXXX A0000702 A0017000001

35 中国光大银行股份有限公司 China Everbright Bank Co., Ltd EVERCNBJXXX A0000108 A0007000001

36 申万宏源证券股份有限公司 Shenwan Hongyuan Group Co., Ltd - B0085187 00000014286

37 中国进出口银行 The Export-Import Bank of China EIBCCNBJ B0000027 Z0538000000

38 上海农村商业银行股份有限公司 Shanghai Rural Commercial Bank Co., Ltd. SHRCCNSH A0001701 Z0003000000

39 东海证券股份有限公司 Donghai Securities Co. Ltd. - B0002854 A0089002046

40 天风证券股份有限公司 Tianfeng Securities Co., Ltd. - B0002908 Z0980000000

41 华泰证券股份有限公司 Huatai Securities Co., Ltd. - B0002872 A0059000001

42 厦门银行股份有限公司 Xiamen Bank CBXMCNBAXXX A0000955 A0058000001

43 浙商证券股份有限公司 Zheshang Securities Co.,Ltd. - B0003196 A0066000001

44 江苏银行股份有限公司 Bank of Jiangsu BOJSCNBNXXX B0000531 00000003995

45 杭州银行股份有限公司 Hangzhou City Commercial Bank Co.,Ltd. - A0000432 A0023000001

53
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Holding Account Number Holding Account Number
Institution Name (in Chinese) Institution Name (in English) BIC (If any)
with SHCH with CCDC
46 平安银行股份有限公司 Ping An Bank Co., Ltd SZDBCNBSXXX A0000135 A0013000001
47 瑞银证券有限责任公司 UBS Securities Co., Ltd. UBSUCNB1XXX B0002638 00000003937
48 青岛银行股份有限公司 Bank of Qingdao QCCBCNBQXXX A0000766 A0022000001
49 国信证券股份有限公司 Guosen Securities - B0003420 A0080000001

50 长沙银行股份有限公司 Bank of Changsha CHCCCNSS A0000261 A0029000001

51 大连银行股份有限公司 Bank of Dalian DLCBCNBD A0000306 A0052000001
52 汉口银行股份有限公司 Hankou Bank WHCBCNBN A0000946 A0025000001
53 国海证券股份有限公司 Sealand Securities - B0003088 A0112000001
54 第一创业证劵股份有限公司 First Capital Securities Co., LTD - B0003376 Z0869000000
55 山西证劵股份有限公司 Shanxi Securities SHEUCNB2 B0002971 Z0816000000
56 中国邮政储蓄银行股份有限公司 Postal Savings Bank of China - B0002124 Z1002000000

(Updated on 30 Sep 2020)

54
 Appendix T.5
Hong Kong Monetary Authority
Central Moneymarkets Unit

T.5 Northbound Bond Connect Linkage Service Disclosure of Investor Information

To : Hong Kong Monetary Authority Date:
Facsimile : (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

In compliance with MA’s reporting obligation as required by the relevant authorities in the Mainland, we append the below information of the end investor as well as its global and/or local custodians (if any) in
respect of the Bond Connect Linkage Service. We will promptly inform the MA should there be any changes to the below information.

Place of Name of global custodian

* Name of end investor Name of global custodian Name of local custodian (CMU Member) Remark
incorporation (if more than one)
CMU Sub-
Chinese Chinese Chinese Chinese New/Amend/
account English English English English English
(if available) (if available) (if available) (if available) Delete
Number

* The name of end investor must be identical to the name maintained in the China Foreign Exchange Trade System (CFETS) or Bond Connect Company Limited (BCCL)’s register.

Person to contact in case of query

Name :

Tel :

Email address :

HKMA use only

Signature(s)/Tes
t No. Verified by:

Authorized Signature (s) or Test Number on no amount

Company Chop

ect Link age Service – sure of Investor

Information

55
 Hong Kong Monetary Authority
Appendix T.6
Central Moneymarkets Unit

T.6 Reporting on Northbound Bond Connect Failed Trades

To : Hong Kong Monetary Authority Date:

Facsimile : (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account no.:____________________ value on ________________________

CSD Code :  CDC=CCDC  SHC=SHCH

Participant’s TRN : (max 16 chars)

HRN/Original deal code/ Participant’s TRN* for cancellation: _______________________________

CFETS Trade Reference no. :

Transaction Type : DvP transaction  Primary  Secondary

Settlement Date : ___________________________________ __________

Reason for failed trade :

Person to contact in case of query: (Tel: )

or e-mail: __________________________________________________________________

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on CCY/amount

Company Chop

_______________________________________________________________________________

IMPORTANT: Please send this report to CMU no later than 2:00 p.m. on the day following the
settlement date.

56
 Hong Kong Monetary Authority Appendix T.7
Central Moneymarkets Unit

T.7 Northbound Bond Connect Securities Transfer Form

(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : _________________ Settlement Date : ______________

CSD Code :  CDC=CCDC  SHC=SHCH

Transaction Type :  Receive A/P  Receive FoP

 Deliver A/P  Deliver FoP

Place of Settlement “PSET”: // (SWIFT BIC)

Settlement Instruction Processing Narrative “SPRO”: ______

(Input the CFETS trade reference number)

Priority :  Top Priority  Priority  Regular  Low

Daylight Indicator :  Yes  No

Participant’s TRN (for new instruction): (max 16 chars)

Participant’s TRN (for cancellation) : (max 16 chars)

Pool Reference ”POOL” : _(max 16 chars) (optional field)

Securities Code : ________  Issue Number  ISIN

(Please tick where appropriate)

CCY/Quantity : __________

CCY/Settlement Amount : ____ _________

Counterparty A/C with CSD : _____________

Counterparty name with CSD : ____

Person to contact in case of query: _______

(Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on CCY/Quantity
Company Chop
_______________________________________________________________________________
IMPORTANT: Please send this form to CMU no later than 2 hours before the respective instruction
deadline.
57
 Hong Kong Monetary Authority Appendix T.8
Central Moneymarkets Unit

T.8 Deposit of Funds via RMB RTGS System Form

(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
CSD Code :  CDC=CCDC  SHC=SHCH

(:20:) Participant’s TRN (for new instruction): (max 16

chars)

(:20:) Participant’s TRN (for cancellation) : (max 16

chars)

Original deal code/ participant’s TRN* for cancellation :

(:25:) Account to be credited : (CMU Account Number)

(:30:) Value Date : (YYYY-MM-DD)

(:32B:) CCY/Amount : CNY

(:52a:) Ordering Institution (Optional input either BIC or Name & Address)

BIC : Name and Address :

(:50a:) Ordering Customer (Optional)

Name and Address

:

Person to contact in case of query: (Tel: )

HKMA use only
Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number CCY/Amount

Company Chop
IMPORTANT: 1. Please send this form before 12:00 on the settlement date.
2. Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
*Please delete as appropriate.
58
 Appendix T.9
Hong Kong Monetary Authority
Central Moneymarkets Unit

T.9 Wire Transfer of Funds Form

(Input / Cancel*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
CSD Code :  CDC=CCDC  SHC=SHCH

(:20:) Participant’s TRN (for new instruction) : (max 16

chars)

(:20:) Participant’s TRN (for cancellation) : (max 16

chars)

Original deal code/ participant’s TRN* for cancellation :

(:32A:)Value Date : (YYYY-MM-DD)

CCY/Amount : HK$

(:53B:) Account to be debited : (CMU A/C Number)

(:58a:) Beneficiary Bank (clearing code): ____________________________

Beneficiary Bank Name :

Beneficiary Institution A/C No.:

Beneficiary Name :

(The information provided in field 58a must be the same as the Hong Kong Designated Cash
Account information as indicated on Appendix T.1)

Person to contact in case of query: (Tel: )

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number CCY/Quantity

Company Chop

IMPORTANT : 1. Please send this form before 12:00 on the settlement date.
2. Please quote original Participant TRN/Deal Code* and a new Participant TRN for
cancellation.
*Please delete as appropriate.

59
 Appendix T.10
Hong Kong Monetary Authority
Central Moneymarkets Unit

T.10 Northbound Bond Connect Tender Form

If you are in any doubt about this Tender Form you should consult your solicitor, professional accountant or other professional
adviser.
The HKMA takes no responsibility for the contents of this Tender Form, makes no representation as to its accuracy or
completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this Tender Form.

To : Hong Kong Monetary Authority Date:_________________

Facsimile : (852) 2878 1676-7
Email : [email protected]

From : _________________________________________ (___________)

Name of Participant Code

We hereby subscribe for the bonds (“Bonds”) to be issued by

__________________________________________________________________
details of which are set out or referred to in the Tender Notice offered by Shanghai
Clearing House (“SHCH”) through the Central Moneymarkets Unit (the “CMU”) of
the Hong Kong Monetary Authority (the “HKMA”). The MA takes no responsibility as
to the contents of any of the tender documents.

CSD code : SHC = Shanghai Clearing House

CMU sub-account number :

CMU instrument number : SH

Participant TRN :
Bid# Bid Type (Please tick as
(CNY/%/b.p.) Principle amount bided for in appropriate)
in ascending multiples of CNY10,000
Add Revise Delete
order

Total (in multiples

of CNY10,000) CNY

60
 Hong Kong Monetary Authority
Central Moneymarkets Unit
We hereby undertake that this Tender form is filled by the authorized personnel of
our company and warrant the authenticity, accuracy, and completeness of the
information provided. We understand that submission of this form does not create
any obligation to SHCH or the MA to accept it; SHCH retains the final right to
decision whether to activate the above Tender Service. We and our clients agree to
comply with all the relevant rules and laws as applicable to this application. We and
our clients further agree to bear all the risks and legal consequences arising from or
in connection with this application, and we and our clients shall not hold SHCH
liable for such risks and consequences, if any.

CMU Participant to contact in case of query:

(Tel: )

Investor’s Contact Person :

Investor’s Contact Tel no. :

Investor’s Contact Email :

HKMA use only

Signature verified by

Authorized or Test Number

Signature(s) (tested on CCY/Total
Time Received:
Company Chop Amount of in CNY10,000)

Important: For fax transmission, please provide Test Number for the total principal amount bided.

Note: The terms upon which this Tender Form was issued, and subject to which any tender is
deemed to be made are set out on this form.

# Duplicated bid is not allowed

61
 Hong Kong Monetary Authority Appendix T.11a
Central Moneymarkets Unit

T.11a Northbound Bond Connect Linkage Service

Change of Custodian Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
To be completed by a CMU Member who is the Former Custodian of the
Eligible Investor

This is to inform you that our client, with the details below, wishes to use another
custodian for settlement and custody of Bond Connect securities with effect from
________________________________ (effective date).

Former New
CMU Account Name CMU CMU
(Same name as shown in the Appendix A.5 CFETS ID
Form) Sub Sub
Account Account

The Bond Connect portfolio, if any, will be transferred to the new custodian one
business day before the effective date. Please close our CMU sub-account(s) once
the transfer of Bond Connect portfolio is completed.

We have also exercised our due diligence to remind our client to fulfil its reporting
requirements set out by the MA in its guidelines* by informing the MA of the change
of the primary FX settlement bank (or the designated Hong Kong FX Settlement
Bank if the Eligible investor has engaged only one of such banks).

Person to contact in case of query: __________________________ (Tel :

____________________ )

or e-mail: __________________________________________________________
HKMA use only
Signature (s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on no amount
Company Chop

*Please refer to CMU Reference Manual Part IV Clause 6.5.8.3 for CCDC and Part IV Clause 7.6.10.3 for SHCH

62
 Hong Kong Monetary Authority Appendix T.11b
Central Moneymarkets Unit

T.11b Northbound Bond Connect Linkage Service

Change of Custodian Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code
To be completed by a CMU Member who is the New Custodian of the Eligible
Investor

We are acting on behalf of the below client to settle and safe-keep Bond Connect
securities with effect from ________________________________ (effective date).

Former New
CMU Account Name CMU CMU
(Same name as shown in the Appendix A.5 CFETS ID
Form) Sub Sub
Account Account

The Bond Connect portfolio, if any, will be transferred from the former custodian
one business day before the effective date.

We have also exercised our due diligence to remind our client to fulfil the reporting
requirements set out by the MA in its guidelines* by informing the MA of the change
of the primary FX settlement bank (or the designated Hong Kong FX Settlement
Bank if the Eligible investor has engaged only one of such banks).

Person to contact in case of query: __________________________(Tel : ____________________ )

or e-mail: __________________________________________________________
HKMA use only
Signature (s)/Test No.
Verified by:
Authorized Signature(s) or Test Number on no amount
Company Chop

*Please refer to CMU Reference Manual Part IV Clause 6.5.8.3 for CCDC and Part IV Clause 7.6.10.3 for SHCH

63
 Hong Kong Monetary Authority
Central Moneymarkets Unit

T.12 Northbound Bond Connect Linkage Service

Confirmation of Account Information
To : Hong Kong Monetary Authority Date :
Facsimile : (852) 2878 1676 - 1677
Email : [email protected]

From : ( )
Name of Participant Code

In relation to the acceptance of onshore Renminbi bonds issued by the Ministry of

Finance of the People’s Republic of China (“CMOF”) and the policy banks of the
People’s Republic of China as eligible collaterals for RMB Liquidity Facility provided
by the MA, we understand that we are required to i) move the eligible collaterals
from our proprietary Bond Connect account to our Intraday Repo Account (i.e. the
“999” account) for intraday and overnight repo purposes; and ii) use our proprietary
Bond Connect account for one-day and one-week repo transacted with the MA (the
MA uses AAAA000 account for repo settlement).

We hereby confirm that the below Bond Connect account is our proprietary account
for holding onshore bonds. In order to use eligible onshore bonds for RMB Liquidity
Facility provided by the MA, we confirm that we will transfer eligible onshore bonds
only from the below account which has been registered under our own name in
both China Foreign Exchange Trade System (“CFETS”) and People’s Bank of
China (“PBOC”) to our 999 account. In addition, we also confirm we will only use
the below account to transact any one-day and one-week repo with the MA, if
applicable.

We acknowledge that violating the aforementioned transfer rule might be subject to

disciplinary action of the HKMA.

Proprietary Northbound Bond Connect Account Information:

CMU Sub Account Name:

CMU Sub Account No:

Account Name registered

in CFETS:

Person to contact in case of query: ___________________________________________________

Telephone no.: _____________________ or email: ______________________________________

HKMA use only
Signature(s)/
Test No.
Verified by:
Authorized Signature(s) or Test Number on no amount
Company Chop

64
 Hong Kong Monetary Authority
Central Moneymarkets Unit

Part V – CMU Fund Order

Routing and Settlement Services

65
 Appendix W.1
Hong Kong Monetary Authority
Central Moneymarkets Unit

CMU Fund Order Routing and Settlement Service

W.1 Service Subscription Form
(New / Update*)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We advise that we would take part in the CMU Fund Order Routing and Settlement
Service (“Service”) through the following link:

Please tick as appropriate:

Part A  FundSettle  Vestima+

We request the MA to open Euroclear / Clearstream sub-account(s) for routing and
settlement of Investment Fund related Service Instructions (as the case may be)
designated for the following accounts:

CMU Euroclear or
Account Clearstream A/C No.
Account Name
Code (to be completed by
(XXXXnnn) HKMA-CMU)

Part B  Direct account with Transfer Agent (“TA”) for funds distributed in HK

Ref Name of Transfer Agent / Fund House

1.
2.
3.
4.
5.
6.
7.

* Please delete as appropriate

Page 1 of 2 1
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix W.1

Part C  CMU’s link(s) with an entity in the Mainland China for a fund which is
recognized under the Mainland-Hong Kong mutual recognition of funds
scheme

Ref CMU Mainland distributor code Name of Fund China

Account and name House Clear as
Code 销售机构國內代码及名称 TA
(XXXXnnn) (Yes/No)
1.

2.

3.

4.

5.

6.

7.

For the MA use only

Signature(s) / Test No.
Verified by:

Authorized Signature(s) or Test Number on zero amount

Company Chop

Page 2 of 2 2
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix W.2

CMU Fund Order Routing and Settlement Service

W.2 Account Opening and Specification Form

(Transfer Agent)
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Please tick as appropriate:

Routing Platform  FundSettle  Vestima+  Direct account with TA

 CMU’s link(s) with an entity in the Mainland China for a fund which is recognized under the
Main-Hong Kong mutual recognition of funds scheme

Name of TA:

1.
2.
3.
4.
5.
6.

Account Specification (to indicate the details for the creation of account on the books of the relevant TA)

Registered in name of : ________________________________________________________

(Please provide a full legal name followed by a designation (if any))

Account Reference : ________________________________________________________

(The reference attributed to the account by the CMU Member)

Commission Recipient : ________________________________________________________

(The identification of the distributor entitled to specific distribution condition)

Dividend Policy (select only one) :  Capitalization  Cash  Shares

(applicable only for funds that have choice of dividend policy)

Contact Name : ________________________________________________________

Page 1 of 3
 Appendix W.2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Client Information (for the creation of underlying client’s information record)

Client Reference* : _________________________________________________________

(to identify the sub-account in each order and report)
Short Name* : _________________________________________________________

Long Name : _________________________________________________________

Country of Residence: _______________________________________________________

Nationality : _________________________________________________________

Address : ________________________________________________________

________________________________________________________

Description : _______________________________________________________

Client of : _________________________________________________________

* Mandatory fields – for ease of use, it is recommended that the same value is used for the “Client
Reference” and “Short Name”.

Underlying Client’s client information (for the creation of information record for a client of
the underlying client i.e. to create a second level of
sub-account)

Client Reference : _________________________________________________________

(to identify underlying client’s client in each order and report)
Short Name : ________________________________________________________

Long Name : _________________________________________________________

Country of Residence : _________________________________________________________

Nationality : _________________________________________________________

Address : ________________________________________________________

________________________________________________________

Description : _________________________________________________________

Client of : _________________________________________________________
(to link the above information to an existing client information record)

Page 2 of 3
 Hong Kong Monetary Authority Appendix W.2
Central Moneymarkets Unit

Having subscribed to the CMU Fund Order Routing and Settlement Service, we hereby request the
CMU, as operator of the CMU Fund Order Routing and Settlement Platform, to use the above name
to open the relevant accounts with the Transfer Agents for the purposes and under the conditions
set out in the CMU Fund Order Routing and Settlement Service - Applicable Terms and Conditions
for CMU Member, the CMU Membership Agreement, and the Operating Procedures and authorise
the MA to make any payments in relation to the records on such accounts into and from the related
cash account.

In accordance with the Operating Procedures, we hereby irrevocably constitute and appoint the MA
our true and lawful agent for the purposes of the CMU Fund Order Routing and Settlement Services.

Person to contact for any query: (Tel: )

E-mail address : ____________________________________________________

HKMA use only

Signature(s)/Test No.
Authorized Signature(s) or Test Number on zero amount Verified by:
Company Chop

Page 3 of 3
 Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix W.3

CMU Fund Order Routing and Settlement Service

W.3 Application for Acceptance of Investment Fund Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We request the following Investment Funds to be accepted in the CMU system:

Please tick as appropriate:
Routing Platform :  FundSettle  Vestima+  Direct A/C with TA

Transfer ISIN/ Issue Name and Dividend Cut-off time

Agent Common Description Policy (to be entered by
Code (capitalization CMU)
, cash or
shares)

Person to contact for any query: (Tel: )

E-mail address: ____________________________________________________

HKMA use only

Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on zero amount

Company Chop
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix W.4

CMU Fund Order Routing and Settlement Service

W.4 Authorization Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

Please be advised that_________________________________________________ has granted:

Name of CMU Member

Name of Agent
(Contact
person: Tel: e-mail )

full power and authority to transmit any and all Service Instructions including cancellation requests and
receive any and all related messages to/from the CMU for the CMU account below:

All accounts under the above

Account Numbers: □
Participant

□ Account numbers (XXXXnnn):

The Monetary Authority is hereby authorised to accept any and all instructions from, and send any and
all related messages as registered with the CMU from time to time to the Agent’s designated address
for the above account(s). All Service Instructions including cancellation requests received from the
Agent will be processed in accordance with the CMU Service Reference Manual (“Operating
Procedures”) and the CMU Fund Order Routing and Settlement Service Applicable Terms and
Conditions for CMU Members. The Monetary Authority is expected to rely upon the accuracy of any
data received from the Agent without any further inquiry or examination whatsoever.

We acknowledge that [name of CMU Member] shall be fully

responsible, and shall indemnify the CMU, for all losses, damages, claims, costs and liabilities which
may arise out of or in connection with any instructions given by the Agent for the above account(s).

This authorisation is governed by and construed in accordance with the laws of Hong Kong.

Page 1 of 2
 Hong Kong Monetary Authority
Central Moneymarkets Unit

Signed by the authorized signatory/signatories for

and on behalf of

(Name of CMU Member)

Name, designation & company chop

Date:

Acknowledged and signed by the authorized

signatory / signatories for and on behalf of

(Name of Agent)

Name, designation & company chop

Date:

Page 2 of 2
 Hong Kong Monetary Authority Appendix W.5
Central Moneymarkets Unit

CMU Fund Order Routing and Settlement Service

W.5 Authorisation Letter

To : ____________________________________________(the “Transfer Agent”)

[Name of Transfer Agent]

Date : __________________________

I/We appoint:

The Hong Kong Monetary Authority

Address: 55/F, Two International Finance Centre, 8 Finance Street,

Central,
Hong Kong

Phone Number: 2597 0979/2878 1038

Contact person: Cynthia Chu/Nancy Wang

to be our agent (“our Agent”) with full power and authority to do all or any of the
following things from time to time as my/our Agent shall think fit in my/our name or
in our Agent’s name and on my/our behalf:

1. give instructions to (i) subscribe, (ii) switch, and (iii) redeem units or shares in
any Investment Funds distributed by____________________________ [name
of Transfer Agent] (each a “Fund”) which are now or may hereafter become
registered in my/our name (“my/our units”) of Account No.
_______________________;

2. give instructions and cancellations and receive reports in connection with

paragraph 1 above and make enquires relating to my/our units by SWIFT, file
transfer connection, authenticated fax, telephone (quoting my/our PIN), or
otherwise in the same manner as fully and effectively as if I/we will do
personally; and

3. complete, execute, sign, enter into, acknowledge, perfect any documents or

deeds and do all such applications, acts and things as shall be necessary or as
my/our Agent shall consider appropriate for or in respect of any of the
authorisation hereby conferred.

I/We acknowledge that I/we will be fully responsible and will hold the Transfer
Agent harmless and shall indemnify and keep the Transfer Agent indemnified
against any loss, claim, liability, and expense arising from or otherwise relating to
the exercise or purported exercise of the authorisation conferred hereby at any time
or times before the Transfer Agent has received from me/us actual notice of any
revocation of this Authorisation Letter.
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix W.5
Any revocation of this authorisation letter will take effect on the business day
following that upon which you receive written notice of revocation from us.

This authorisation letter is governed by and construed in accordance with the laws
of the Hong Kong Special Administrative Region.

By and on behalf of ___________________________________________

[name of the nominee company ]

________________________ ________________________________
Authorised Signature Authorised Signature

________________________ ________________________________
Date Date

Specimen Signatures of our Agent will be provided by our Agent to you in a

separate letter.

c.c. Hong Kong Monetary Authority

Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix W.6

CMU Fund Order Routing and Settlement Service

W.6 Subscription / Redemption Instruction Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : ____________ Order Date : ______________________

Routing Platform :  FundSettle  Vestima+  Direct A/C with TA

____________________________
Order Type :  Subscription  Redemption (name of TA)

Settlement through CMU :  Yes  No

Participant’s TRN : (max 16 chars)

Order Details
Fund Name :

ISIN Code : Common Code :

Fund Currency :

Dividend Policy : (capitalisation/shares/cash*)

Cleared Fund :  Yes  No Cash Settlement Date :

Payment
Number of shares currency & max
to subscribe / cash amount to
redeem* : OR subscribe/redeem* :
(Must state cash amount if “cleared fund”)

Registered in name of :
(The entity in whose name the position is registered on the books of
the TA, either FS EOC Nominee/COLNominee or the clients)

Dealer Code (if applicable) :

By order of : _________________________ In favour of : ______________________________

* Please delete as appropriate.

Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix W.6

Optional Information
Commission recipient 1 : __________________________

Commission 1 requested : __________________________

Commission recipient 2 : __________________________

Commission 2 requested : __________________________

Commission recipient 3 : __________________________

Commission 3 requested : __________________________

Tax information requested : ___________________________________________

Country of beneficial owner : ____________________________________________

Discount % : ____________________________________________

Additional information to Routing Platform : _____________________________________________

Additional information to transfer agent : _____________________________________________

Person to contact for any query: (Tel: )

E-mail address: __________________________________________________________

HKMA use only

Signature(s)/Test
No.
Verified by:

Authorized Signature(s) or Test Number on no. of shares

Company Chop or CCY/amount

IMPORTANT: Please send this form to CMU no later than the CMU cut-off time for the relevant TA.
*Please delete as appropriate

Page 2 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit Appendix W.7

CMU Fund Order Routing and Settlement Service

W.7 Switch Instruction Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : _________________ Order Date : _____________________

Routing Platform :  FundSettle  Vestima+  Direct A/C with TA

_____________________________
(name of TA)

Participant’s TRN : (max 16 chars)

Order Details

Registered in name of :
(The entity in whose name the position is registered on the books of
the TA, either FS EOC Nominee or the clients)

By order of : _______________________ In favour of : _________________________________

Switch From :
Fund Name :

ISIN Code : Common Code :

Number of shares to switch :

Fund Currency :

Dividend Policy :

Switch To :
Fund Name : ___

ISIN Code : ___ Common Code : ______

Fund Currency :

Dividend Policy :

Page 1 of 2
Hong Kong Monetary Authority
Appendix W.7
Central Moneymarkets Unit

Commission recipient 1 : __________________________

Commission recipient 2 : __________________________

Commission recipient 3 : __________________________

Additional information to FundSettle team : ____________________________________________

Additional information to transfer agent : ____________________________________________

Person to contact for any query: (Tel: )

E-mail address: ______________________________________________________

HKMA use only

Signature(s)/Test
No.
Verified by:

Authorized Signature(s) or Test Number on no. of shares

Company Chop

IMPORTANT: Please send this form to CMU no later than the CMU cut-off time for the relevant TA.
*Please delete as appropriate

Page 2 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix W.8

CMU Fund Order Routing and Settlement Service

W.8 Transfer Order Instruction Form
To : Hong Kong Monetary Authority Date:
Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : ____________________ Order Date : _____________________

Routing Platform :  FundSettle  Vestima+  Direct A/C with TA

Order Type :  Transfer In  Transfer Out __________________________
(name of TA)

Participant’s TRN : (max 16 chars)

Order Details

Fund Name :

ISIN Code : _____ Common Code :

Dividend Policy : ______

Instructed number of shares to transfer : ___

Registered in name of :

By order of : _______________________________ In favour of :

Narrative : _________________________

Certification :  Yes  No
Completed

Commission Recipient 1 :

Commission Recipient 2 :

Commission Recipient 3 :

Settlement on the book of : ________ (TA, FundSettle or Clearstream)

Counterparty’s name :

Account no. :

Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit

Appendix W.8

Address :

(For physical deliveries, the counterparty’s address should be mentioned)

Participant contact details :

Counterpart contact details :

Optional information to FundSettle :

Optional information to transfer agent :

Additional information from FundSettle : _________________________________________________

Person to contact for any query: (Tel: )

E-mail address: ______________________________________________________________

HKMA use only

Signature(s)/Test
No.
Verified by:

Authorized Signature(s) or Test Number no. of shares

Company Chop

IMPORTANT: Please send this form to CMU no later than the CMU cut-off time for the relevant TA.
*Please delete as appropriate

Page 2 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix W.9

CMU Fund Order Routing and Settlement Service

W.9 Transfer Order within Instruction Form

To : Hong Kong Monetary Authority Date:

Facsimile: (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

For CMU Account : _________________ Order Date : _____________________

Routing Platform :  FundSettle  Vestima+

Order Type :  Transfer In Within  Transfer Out Within

Participant’s TRN : (max 16 chars)

Certification completed :  Yes  No

No. of shares to transfer :

Deliverer of Funds

CMU Members account or

your counterparty’s :
*Euroclear / Clearstream a/c _________________________________________________
no.

Dividend option
:
_________________________________________________

Registered in name of :
_________________________________________________

Commission recipient :
_________________________________________________

Additional information to
Transfer Agent :
_________________________________________________

Name of member or name of

your counterparty :
Page 1 of 2
Hong Kong Monetary Authority
Central Moneymarkets Unit
Appendix W.9
_________________________________________________

Receiver of Funds

CMU Members account or

your counterparty’s :
*Euroclear / Clearstream a/c _________________________________________________
no.

Dividend option :
_________________________________________________

Registered in name of :
_________________________________________________

Commission recipient :
_________________________________________________

Additional information to
Transfer Agent :
_________________________________________________
Name of member or name of
your counterparty :
_________________________________________________

Person to contact for any query: (Tel: )

E-mail address: ______________________________________________________________

HKMA use only

Signature(s)/Test
No.
Verified by:

Authorized Signature(s) or Test Number on no. of shares

Company Chop

IMPORTANT: Please send this form to CMU no later than the CMU cut-off time for the relevant TA.
*Please delete as appropriate

Page 2 of 2
 Hong Kong Monetary Authority
Appendix W.10
Central Moneymarkets Unit

W.10 CMU Fund Order Routing and Settlement Service

Cut-Off Time for Service Instructions
Name of TA CMU’s Cut- TA’s Cut-off Turnaround Return of Ack Return of Ack Confirmation
off Time for Time for Time for / Rejection to / Rejection from CMU to
Order Order routing CMU by TA from CMU to CMU Member
Instructions Instructions Order (Day T) CMU Member (Day T+1)
(Day T) (HK time) Instructions (Day T)
(Day T) to TA

JP Morgan 17:00 17:59 hours Within 15 Within 15 Within 15 By 15.30 hours

hours minutes minutes upon minutes upon or 30 minutes
after the receipt of receipt of after receipt
receipt of instructions acknowledge from TA
Blackrock 17:00 17:59 hours instructions from CMU ment / By 11.30 hours
hours from CMU rejection files or 30 minutes
Member from TA (as after receipt
the case may from TA
be)

Schroders 16:55 16:59 hours Within 5 Within 15 Within 5 For

minutes minutes upon minutes upon Luxembourg
hours
after the receipt of receipt of domiciled funds,
receipt of instructions acknowledge by 12:30 hours
instructions from CMU ment / or 30 minutes
from CMU rejection files after receipt
Member from TA (as from TA
the case may
be) For SIMHK unit
trust, by 19:30
hours or 30
minutes after
receipt from TA

Franklin 16:55 16:59 hours Within 30 Within 15 Within 5 By 17:30 hours

minutes minutes upon minutes upon or 30 minutes
Templeton hours
after the receipt of receipt of after receipt
receipt of instructions acknowledge from TA
instructions from CMU ment /
from CMU rejection files
Member from TA (as
the case may
be)

Allianz 16:45 16:59 hours Within 15 Within 15 Within 15 No later than

minutes minutes upon minutes upon 13:00 hours on
hours
after the receipt of receipt of the business
receipt of instructions acknowledge day following
instructions from CMU ment / the relevant
from CMU rejection files trade day
Member from TA (as
the case may
be)
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Name of TA CMU’s Cut- TA’s Cut-off Turnaround Return of Ack Return of Ack Confirmation
off Time for Time for Time for / Rejection to / Rejection from CMU to
Order Order routing CMU by TA from CMU to CMU Member
Instructions Instructions Order (Day T) CMU Member (Day T+1)
(Day T) (HK time) Instructions (Day T)
(Day T) to TA

BNYM 16:45 16:59 hours Within 15 Within 15 Within 15 No later than

minutes minutes upon minutes upon 17:00 on the
hours
after the receipt of receipt of business day
receipt of instructions acknowledge following the
instructions from CMU ment / relevant trade
from CMU rejection files day
Member from TA (as
the case may
be)

BOCI- 16:55 16:59 hours Within 5 Within 15 Within 5 By 18:00 hours

minutes minutes upon minutes upon or 30 minutes
Prudential hours
after the receipt of receipt of after receipt
Asset receipt of instructions acknowledge from TA
instructions from CMU ment /
Management
from CMU rejection files
Member from TA (as
the case may
be)

FIL 15:55 15:59 hours Within 5 Within 15 Within 5 No later than

minutes minutes upon minutes upon 8:00 hours on
Investment hours
after the receipt of receipt of the first
Management receipt of instructions acknowledge business day
instructions from CMU ment / after order
(HK) Ltd
from CMU rejection files pricing day.
(Fidelity) Member from TA (as
the case may
be)

Baring 16:45 16:59 hours Within 15 Within 15 Within 15 No later than

hours minutes minutes upon minutes upon 17:00 the latest
Investment
after the receipt of receipt of on the Business
Service Ltd receipt of instructions acknowledge day following
instructions from CMU ment / the relevant
from CMU rejection files trade day.
Member from TA (as
the case may
be)

BOCI- 14:55 14:59 hours Within 5 Within 15 Within 5 By 18:00 hours

hours minutes minutes upon minutes upon or 30 minutes
Prudential 15:59 hours
15:55 after the receipt of receipt of after receipt
Trustee Ltd hours 16:59 hours receipt of instructions acknowledge from TA
16:55 instructions from CMU ment /
hours from CMU rejection files
Member from TA (as
the case may
be)
 Hong Kong Monetary Authority
Central Moneymarkets Unit
Name of TA CMU’s Cut- TA’s Cut-off Turnaround Return of Ack Return of Ack Confirmation
off Time for Time for Time for / Rejection to / Rejection from CMU to
Order Order routing CMU by TA from CMU to CMU Member
Instructions Instructions Order (Day T) CMU Member (Day T+1)
(Day T) (HK time) Instructions (Day T)
(Day T) to TA

Alliance 16:45 16:59 hours Within 15 Within 15 Within 15 By 17:30 or 30

hours minutes minutes upon minutes upon minutes after
Bernstein
after the receipt of receipt of receipt from the
(Luxembourg) receipt of instructions acknowledge TA
instructions from CMU ment /
from CMU rejection files
Member from TA (as
the case may
be)

Cross-border 19:00 20:00 19:30 hours 20:00 hours Within 15 15:00 hours
hours hours minutes upon
link with an
receipt of
entity in acknowledge
ment /
Mainland
rejection files
China for a from TA (as
the case may
fund
be)
recognized
under the MRF
scheme
Hong Kong Monetary Authority Appendix W.11
Central Moneymarkets Unit

W.11 CMU Fund Order Routing and Settlement Service

- Settlement Arrangement
To : Hong Kong Monetary Authority Date:
Facsimile : (852) 2878 1676-7
Email : [email protected]

From : ( )
Name of Participant Code

We agree to settle *HKD/USD/EUR/CNY transactions arising from CMU Fund Order Routing
and Settlement Service with the Monetary Authority/Settlement Institution/Clearing Bank by
direct credit to or debit from our settlement account(s) as indicated below.

Please tick the below box(es) to indicate your acceptance to settle the Order instruction with the
designated TA(s):

Transfer Agents Fund Ordering Routing and Settlement Service

(TA) HKD USD Euro CNY
1. Alliance Bernstein Luxembourg
2. Allianz Global Investors Asia
Pacific Limited
3. Baring Investment Service Ltd
4. BlackRock
5. BOCI Prudential Asset
Management Ltd
6. BOCI Prudential Trustee Ltd
7. The Bank Of New York Mellon
SA/NV, Luxembourg Br
8. FIL Investment Mgt (Fidelity)
9. Franklin Templeton
10. JP Morgan
11. Schroders Asia Ltd
12. Cross-border link with an entity in
Mainland China for a fund
recognized under the MRF scheme

Appendix W.11

We have agreed with the above TA(s) to carry out money settlement via the CMU system and
also authorized the MA to debit or credit our settlement account(s) for any settlement proceeds
arising from the Service Instruction of the CMU Fund Order Routing and Settlement Service.
Hong Kong Monetary Authority
Central Moneymarkets Unit HKMA use only
Signature(s)/Test No.
Verified by:

Authorized Signature(s) or Test Number on nil amount

Company Chop

* Please circle as appropriate

 Hong Kong Monetary Authority Appendix W.12
Central Moneymarkets Unit

W.12 Data Flow and Cut off Time -

Mainland Funds Selling to Hong Kong Investors
(Southbound)
CMU –FDEP
Production/ Mainland Hong Kong
- ChinaClear TA
Cut off Time * Fund Managers Distributors
system
(1) Mainland fund
managers to send fund
information in the
Day T-1
format of Template 07
before 20:00
(including Day T’s fund
status and the most
recent available NAV)
(2) ChinaClear (3) HK distributors receive
Day T transmits 07 document this information from CMU
before 08:00 to HK distributors and will use it for Day T’s
business
Day T before (4) HK distributors stop
15:00 (selling accepting orders from
cut off time) investors by 15:00
(6) CMU sends the (5) HK distributors to send
Day T
order to ChinaClear orders to CMU
before 19:00
via FDEP
(7) ChinaClear will
review the orders and
provide
Day T
acknowledgement;
20:00
(8) ChinaClear will
onwards
send the orders to
Mainland fund
managers.
(9) Mainland fund
Day T+1
managers send order
before
confirmations to
11:00
ChinaClear
(10) ChinaClear to
pass confirmation to
HK distributors as well
as transaction details
Day T+1
and account
before 15:00
statements to both HK
distributors and
Mainland fund
managers
* T = trade date.