7/30/2023 0 Comments Multi counterThere are no additional requirements to brokers for trading within the HKD counter. Investors should refer to the prospectus in relation to details of dividend payment and if in doubt, consult the ETF manager or your brokers. There should be adequate disclosure in relation to dividend payment and currency options (if any) in the prospectus. This means that both investors in RMB counter and HKD counter can elect to receive dividend in RMB or HKD. pay dividend in RMB for RMB counter and HKD for HKD counter in the absence of an election by the unitholders), the ETF manager must offer an election to investors in both counters to choose the currency in which they would like to receive the dividend. If an ETF manager chooses to set a different default currency for dividend payment (i.e. Where an investor does not have an RMB account, the investor may have to bear the fees and charges associated with the conversion of any dividend in RMB into HKD or any other currency.Īny dividend policy (and for that matter other corporate actions) will have to be consistent with the fact that units traded on the two counters are of the same class and unitholders of both counters must be treated equally. ![]() CCASS Participants will be able to effect inter-counter transfer of the Units between the HKD Counter and the RMB Counter on a one to one basis within CCASS by either inputting a "Multi-counter Transfer Instruction.ĭividends of a Dual Counter HKD-denominated ETF are declared in HKD and may be paid in HKD only or, where so offered by the ETF manager, in RMB as well as HKD depending on an investor’s election. Accordingly, no physical deposit or withdrawal service will be provided for the RMB traded Units and any CCASS Rules relating to physical deposit and withdrawal of securities will not be applicable. Special Note for TraHK Multi Counter Eligible Securities (2800.HK and 82800.HK) - Investor should note that no physical certificates in respect of the RMB traded Units will be issued as the RMB Counter is offered for secondary market trading and settlement purposes only. In case CPs wish to utilise such shareholdings under the opposite counter, after depositing the share certificates into CCASS, CPs should effect a Multi-counter Transfer Instruction to transfer the shareholdings from one counter into the opposite counter. No, CPs can only deposit physical certificates of one counter into CCASS as holdings of the same counter. Investor should refer to issuer’s prospectus or listing documents for more information. Thus, it is not applicable to transfer securities from one counter to another at the Share Registrar. There will be no change in company’s issued capital and register of members (ROM). The whole transfer process may take place overnight or up to 2 weeks depending on the required service level of the investor. We use only Apple native technology to create iOS apps because we love the Apple platform and and we love pure true iOS apps.The investor should take the physical certificates (registered in investor's name) to the relevant share registrar to request shares be transferred from the original counter to the other counter. Simply and effective to count multiple kind of different items and avoid errors.Solves any kind of situation where you have to enumerate a total number of elements (physical of abstract) and you want to be sure the process will be error free.Counter adapts to the size and orientation of your devices from the smallest iPhone to the larger iPad.In the details view you can subtracts and reset elements and change the name at any time.You can add and remove counters at any time.You can re-arrange rows order at any time. ![]()
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