Market Link Guide – South Korea – Equities and corporate bonds
Key features
Yes/No | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Eligible settlement currency: KRW (Korean Won). |
Bridge settlement | No | |
Shaping facility | No | |
Partial settlement | No | Clearstream will cap the cash countervalue of against payment instructions in listed securities (excluding fixed income) to KRW 10 billion to prevent potential compulsory partial settlement in the market. |
Settlement penalty fees | Yes | Refer to the Market Profile. |
Pre-matching | Yes | |
Back-to-back processing | No | |
Allegements | Yes | |
Automatic compensation | No | Refer to Entitlement Compensation Rules – South Korea – Equities and corporate bonds. |
Registered securities | No | |
Multi Market Securities | No | |
Lending and borrowing | No | |
Proxy voting | Yes | |
Investment Funds | No | |
Liquidity Hub Connect | No | |
Sale and purchase of rights | No | |
Repo services | No | |
Market restrictions | Yes | Refer to Investment Regulation. |
FTT | No | |
FATCA GIIN | Yes | 4RI52Y.00000.BR.410 |
LEI | Yes | HSBC Seoul 2HI3YI5320L3RW6NJ957 |
Type of link | CSD or settlement method |
Out of network link via The Hongkong and Shanghai Banking Corporation Limited, Seoul branch | The Korea Securities Depository (KSD). |
Note: South Korean securities can only be transferred domestically; Internal and Bridge transactions are not allowed. Clients should note that access to this market is subject to conditions and criteria, which will be assessed on a case-by-case basis. Please contact your Relationship Manager to confirm or make the necessary arrangement, in case of doubt. Clearstream Banking reserves the right to revoke a client’s access to the market in the event that such conditions and criteria are not fulfilled.