HKEx Stock Segregated Account with Statement Service (SSA)
Besides opening investor account with Hong Kong Securities Clearing Limited (HKSCC), clients can choose to open a more convenient type of account with HKSCC, the Stock Segregated Account with Statement Service (“SSA”) through our company. SSA is suitable for those clients normally fully settle their trades before the settlement date.
Advantages of SSA account with Statement Service
- The SSA account facilitates brokers and custodians to record and report investors’ stockholdings separate from their own
- Investors do not need to handle stock movements themselves following the execution of buy or sell orders. The investors’ brokers or custodians will administer the movements of stocks into and out of a SSA
- Investors can check movements and balances of stocks in the SSA, giving voting instructions and affirm stock transfers electronically through the CCASS Phone System and the CCASS Internet System
- Investors can select to receive email or SMS alert messages on stock movement activities
- Investors can select to affirm instructions before any movements of stock our of a SSA either on a ‘Free of Payment’ or ‘Delivery Against Payment’ basis
- Investors can receive corporate communications, including annual reports and notices of corporate activities, direct from share registrars
- Investors are not recognised by HKSCC as holders of SSA
Clients with SSA can track their stockholdings through the CCASS Phone System and the CCASS Internet System and their stockholdings separate from those of the brokers and custodians. Clients with SSA can receive email or SMS alert messages on stock movement activities from the HKEx. For more information on the opening of SSA, please contact your responsible Account Executive or our branch officers. You can also visit HKEx website for more details.
