Backup Trading

Adopting a prudent approach to cater for the circumstances where Bond Connect investors and dealers may be unable to complete trading through the normal channels, Bond Connect Backup Trading Procedures is put in place for Bond Connect investors and dealers to apply for the alternative trading services.

Pursuant to Bond Connect Company Limited Access Rule Book, the investor should make sure that: 

• It has obtained the Filing Notice from PBOC and become an Eligible Foreign Investor of Bond Connect; and
• It has executed the service agreement with Tradeweb, Bloomberg and/or MarketAxess being the Access Platform(s) and become also a Participant.

The investor and dealer should each fill in the Bond Connect Application Form for Cash Bond Backup Trading (Annex 1) & Cash Bond Backup Trading Authorized Signatory Form (Annex 2) in either English or Chinese and submit through one of the following channels:

• Email to BCCL service@chinabondconnect.com.
• Fax to CFETS +86-21-58556891
• Dealers can also use iDeal to contact CIBM helpdesk

For enquiries, please contact any of the helpdesks:

• BCCL: +852-23270360 / +852-23270807;
• CFETS: 4009787878-2-1
• Tradeweb: +852-28478030
• Bloomberg: +86-10-66497533
• MarketAxess: +65 69161300

CFETS will execute the trades as soon as possible once the Application Form and the Authorized Signatory Form are accepted.

CFETS charges both investors and dealers a transaction-based fee at 0.00025% of the total amount, capped at RMB 1000 for each transaction. BCCL will provide Bond Connect investors with a bill of payment generated by CFETS on a quarterly basis. Investors shall settle the payment with CFETS by the billing cut-off date stated on the payment notice and send the pay-in-slip to CFETS promptly after payment.

Download: Backup Trading Form, Authorized Signatory Form
Last updated on 28 September 2023