Quick Start — Bull and Bear Certificates, Bond Redemption, Privatization (TM)

Quick Start - Bull/Bear Certificates, Bond Recalls, Privatization (TM)

Applicable Scenarios

• Tenants directly connected to HKEX (with 05 file)
• TM includes Bull/Bear Certificate recall (including residual value), privatization, and prerequisites for bond recalls
• Equity recovery and residual value return are executed simultaneously

Operational Instructions

1. Creation of Notices and Plans

• Settlement staff import the previous afternoon’s 05 and 02 files daily

  • Brokers executing Corporate Actions that same evening should import the files that evening
  • Brokers executing Corporate Actions the next day should import the files the following morning
  • After successful import and parsing, the system will run an automated creation process, which can complete in approximately 10 minutes

• The system will, based on the imported 05 file, generate Corporate Actions with positions on the record date

2. Registration

• Operations on Corporate Actions may begin on the evening of, or the day after, the CCASS residual value payout (CCASS payment date)

  • Example: If the CCASS payment date = 2024-02-05, execution may occur on the evening of the 5th or the morning of the 6th

• Click [Register]. Path: Corporate Action > Corporate Action > Details

3. Tail Adjustment

• If the broker’s paid amounts need to align with CCASS values, a tail adjustment may be performed

Click Tail Adjustment

4. Execution

• After successful registration (or completion of tail adjustments), click Submit Execution to begin executing the Corporate Action
• Execution consists of two steps — Submit Execution and Execution Review — dual operation is recommended

Click Submit Execution

• After submission, use system data to further verify holdings, share transfers, and charges

• After verification, formally submit for execution

Click Execution Review