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Notice by the National Interbank Funding Center, China Central Depository & Clearing Co., Ltd. and the Shanghai Clearing House of Extending the Settlement Period for Foreign Institutional Investors' Bond Trading (2019) [Effective]
全国银行间同业拆借中心、中央国债登记结算有限责任公司、银行间市场清算所股份有限公司关于延长境外机构投资者债券交易结算周期的联合通知(2019) [现行有效]
【法宝引证码】

Notice by the National Interbank Funding Center, China Central Depository & Clearing Co., Ltd. and the Shanghai Clearing House of Extending the Settlement Period for Foreign Institutional Investors' Bond Trading 

全国银行间同业拆借中心、中央国债登记结算有限责任公司、银行间市场清算所股份有限公司关于延长境外机构投资者债券交易结算周期的联合通知

For the purposes of further facilitating the investment of overseas institutional investors in the inter-bank bond market, in accordance with the general requirements of the People's Bank of China, the relevant matters concerning extending the settlement period for foreign institutional investors' bond trading are hereby notified as follows: 为进一步便利境外机构投资者投资银行间债券市场,根据人民银行总体要求,现就延长境外机构投资者债券交易结算周期的相关事宜通知如下:
I. For the purposes of this Notice, “foreign institutional investor” means any kind of overseas institutional investors meeting the requirements of the Announcement on Matters Concerning the Effectively Conducting the Work of Foreign Institutional Investors' Investment in the Interbank Bond Market (Announcement No. 3 [2016], PBC) and the Notice on Issues Concerning Investment of Foreign Central Banks, International Financial Institutions and Sovereign Wealth Funds with RMB Funds in the Inter-bank Market (No. 220 [2015], PBC) and other documents.   一、本通知所称境外机构投资者,是指符合中国人民银行公告〔2016〕第3号(进一步做好境外机构投资者投资银行间债券市场有关事项的公告)、《关于境外央行、国际金融组织、主权财富基金用人民币投资银行间市场有关事宜的通知》(银发〔2015〕220号)等文件要求的各类境外机构投资者。
II. For the purposes of this Notice, “settlement period” means the number of working days from the trading day to the settlement date.   二、本通知所称结算周期是指交易日至结算日的工作日天数。
III. The specific rules for extending the settlement period for bond trading are as follows:   三、延长债券交易结算周期的具体规则如下:
1. For the settlement period for bond trading, foreign institutional investors may choose T+0, T+1, T+2 or T+3 days; (一)境外机构投资者债券交易的结算周期可选择T+0、T+1、T+2或T+3日;
2. The trading range applicable to extending the settlement period: One of the two parties to the bond transaction settlement is a foreign institutional investor and may choose a settlement period of T+3; (二)延长结算周期适用的交易范围:债券交易结算双方中有一方为境外机构投资者即可选择T+3的结算周期;
3. Categories of settlement business applicable to the extension of settlement period: cash and securities trading, pledge-style repo, buyout repo and bond lending. (三)延长结算周期适用的结算业务类别:现券交易、质押式回购、买断式回购和债券借贷。
National Interbank Funding Center 全国银行间同业拆借中心
China Government Securities Depository Trust & Clearing Co., Ltd. 中央国债登记结算有限责任公司
Shanghai Clearing House 银行间市场清算所股份有限公司
August 23, 2019 2019年8月23日
     
     
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【法宝引证码】        北大法宝en.pkulaw.cn
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