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Page no: SM42
Recommended re
: 2560 width (to see all countries in their columns).
Netting Details |
Japan Exchange Traded | Japan OTC | Korea Exchange Traded | Korea OTC | Hong Kong (Exchange Traded) | Thailand | Singapore (Exchange Traded) | Australia (Exchange Traded) | India (Exchange Traded) | Indonesia (Exchange Traded) | Malaysia (Exchange Traded) | New Zealand (Exchange Traded) | Philippines (Exchange Traded) | Taiwan (Exchange Traded) |
| Who does the netting? | JSCC will perform net on gross transactions on Settlement |
Korea Exchange (KRX) | …………………………. | …………………………. | …………………………. | CDP | …………………………. | …………………………. | …………………………. | …………………………. | …………………………. | …………………………. | …………………………. | |
| Are both cash and securities netted? | Net Cash, Net Securities (source) |
Net Cash, Gross securities | Does KRX net both cash and securities? | net cash & securities | market settlement on net basis, clearing house will net |
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| When does netting happen? | on T+1 | T+0, 9-10p.m. Clearing house send report of the net obligations |
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| Terminal or similar available for information? | Information from JSCC terminal what is due to settle on the day, | Netted trades available in KSD Terminal | ||||||||||||
| Which currencies are netted? | Only KRW | |||||||||||||
| File transfer to us? |
How are net trades sent to members? Via files ? or only via KSD Termanal? |
Clearing house | ||||||||||||
| Type of netting (Trade Date Netting, Settlement Date Netting, CNS, or others?) |
Continuous net settlement, roll in fails from previous days (T+3 settlement) |
Continuous Net Settlement | Net obligation received by Clearing House, upload function in Clearing house systems to upload the net transactions, Checking the net result before uploading |
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| Details of CNS Settlement (if applicable) |
Securities (Stocks, ELW, Warrants, Beneficiary Certificate) not delivered by the settlement deadline(16:00) are carried over to the next day and netted against the securities to be delivered on the next day. |
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| How does netting work? Specialties |
Traded amount is always different from settlement amount, setting clearing amount per day, market valuation taken into consideration and so the settling amount is different from when it was traded, and difference will be booked as adjustment journal. difference only on cash amount. |
what does CNS mean for you? | buyer and seller at the same timeon a particular stock, cross sync done on negotiate board |
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