Ministry of Finance, Administration of the Business of Inter-market Transfer of the Custody of Treasury Bonds Procedures
财政部国债跨市场转托管业务管理办法
March 31, 2004 | BY
clpstaff &clp articlesTransfer of PRC treasury bonds held by the same client among different custodian institutions.
Issued: December 1 2003
Effective: as of date of issue
Interpreting authority: Ministry of Finance
Applicability: "Treasury bonds" refers to the treasury bonds that are issued in China, and approved to be traded across markets, by the Ministry of Finance (Article 2).
"Inter-market transfer of the custody of treasury bonds" means the transfer of custody among different custodian institutions of treasury bonds held by the same client (Article 5).
Main contents: The Procedures state that if a client wishes to transfer the custody of its treasury bonds, it should directly, or through an agent, apply to the transferring custodian institution. Clients are not allowed to apply for the transfer of custody of treasury bonds that have been frozen, or that involve a third party's right of recourse but without the consent of the third party (Article 8). A transfer of the custody of treasury bonds shall be completed within two working days. Tradable treasury bonds shall resume trading on the next working day after the completion of the transfer (Article 12).
Repealed legislation: Administration of the Inter-market Transfer of Custody of Treasury Bonds Procedures
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