Access Application Guidance

Eligible overseas institutional investors under Northbound Bond Connect are allowed to participate in the Cross-Boundary Bond Repo Business, application steps are outlined below: 

1. Establish trade counterparty relationships with the onshore market maker(s) recognized by PBoC, and sign the master agreement for repo transactions
2. Liaise with the current local custodian bank, sign the required documents for repo trading and settlement 
3. Contact recognized trading access platform(s), sign the required documents to enable repo trading 
4. BCCL Application Process
   

   i.	Investors submit the Repo Business Application Form to BCCL (Note: The form applies to both Cross-Boundary Bond Repo and Offshore RMB Bond Repo)
   ii.	A dedicated BCCL account manager will be assigned to conduct a preliminary review, assist investors in completing the application form, and submit qualified applications to CFETS
   iii.	CFETS grants repo business access to eligible overseas institutional investors
   iv.	Investors notify trading access platform(s) on the system setup and trading arrangements.

1. Before applying for Repo Business (including both Cross-Boundary Bond Repo and Offshore RMB Bond Repo), Northbound Bond Connect investors are required to read the Personal Information Collection Statement.
2. Please fill out the Repo Business Application Form and submit to BCCL (Repo@chinabondconnect.com) via email:
   Download: Form 1: Repo Business Application Form (To be filled and signed)
   To learn more about the requirements for the application form, please refer to the guidance for Application form as follows:
   Download: (Reference template) Repo Business Application Form

*For any Repo Business questions, please contact BCCL (Repo@chinabondconnect.com) for any assistance.