Market Link Guide – South Korea – Equities and corporate bonds

01.07.2024

Key features

Yes/NoRemarks
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 linkCSD or settlement method

Out of network link via The Hongkong and Shanghai Banking Corporation Limited, Seoul branch

The Korea Securities Depository (KSD).
LEI: 9884008RRMX1X5HV6625

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.