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Joint Notice on the Extension of Settlement Cycle of Overseas Institutional Investors

In order to further facilitate overseas investors’ participating China inter-bank bond market, as per the general requirements by PBC, we hereby inform you of the matters concerning the extension of settlement cycle for overseas investors.

1. The “overseas investors” mentioned here refer to all types of legit overseas institutional investors defined in PBC Announcement [2016] No.3 and PBC Document [2015] No.220.

2. The “settlement cycle” mentioned here refers to the number of working days from transaction date to settlement date.

3. The extension of settlement cycle is arranged as follows:

1) Overseas investors can choose the settlement cycle on T+0, T+1 or T+2 basis.

2) Applicable circumstance: T+2 can be applied if at least one party of the transaction is an overseas investor.

3) Applicable business types: Cash bond transaction; Pledge repo; Outright repo; and Bond lending.

CFETS, CCDC and SHCH

June 29, 2017

 

 

 

    Publish on :06/30/2017 15:42
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