Access Application Guidance

Under the trading mechanism, if investors want to conduct repo trading via the Northbound Bond Connect Linkages, application steps are outlined below:

1. Establish trade counterparty relationships with any of the 11 Primary Liquidity Providers which are also selected by Hong Kong Monetary Authority (HKMA) as the market makers for Offshore RMB Bond Repurchase Business (“Offshore Market Makers”), and sign a repo master agreement
2. Contract with the current local custodian bank, sign additional documents to enable repo settlement
3. Contract with E-trading platform(s), sign additional 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 conduct preliminary review and submit qualified application to CFETS
   iii.	CFETS conducts mapping against CMU & E-trading platforms
   iv.	Investors may contact E-trading platforms to confirm system setup and trading details

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.