Hong Kong clearing network

HKD Clearing House Automated Transfer System facilitates the settlement every CHATS transaction on an individual and gross basis through domestic and international linkages and operates in 4 currencies.

Below are the details for HK multi-currency clearing.  Typically you will need to look for the service you are looking for in the field serviceIdfield, which is below

HKIC

You will then need to identify the currency that you wish to clear in which will be

HKD

USD

EUR

CNY

and to see that the field directIndirect is either DP or IP to ascertain if the bank is a member of the network

Hong Kong Dollar

Field Name Description Sample Data
serviceId: Service Name HKIC
currency: ISO Currency Code HKD
participantId: Routing Number 012
participantName: The Institution name Bank of China (Hong Kong) Limited,
participantType: Has 4 participant types

• DP Direct Participant
• IP Indirect Participant
• ICU Indirect CHATS User
• TPU Third-Party User

DP
directIndirect: “D” if PARTICIPANT TYPE is Directly connected
“I” if PARTICIPANT TYPE is Indirectly connected
D
intermediaryId: Null
addressableId: Null
attributeType1: Null
attributeValue1: Null
attributeType2: Null
attributeValue2: Null
attributeType3: Null
attributeValue3: Null
countryCode: ISO Country Code HK

US Dollar

Field Name Description Sample Data
serviceId: Service Name HKIC,
currency: ISO Currency Code USD,
participantId: Routing Number 012,
participantName: The Institution name Bank of China (Hong Kong) Limited,
participantType: Has 4 participant types

• DP Direct Participant
• IP Indirect Participant
• ICU Indirect CHATS User
• TPU Third-Party User

DP,
directIndirect: “D” if PARTICIPANT TYPE is Directly connected
“I” if PARTICIPANT TYPE is Indirectly connected
D,
intermediaryId: Null ,
addressableId: Null ,
attributeType1: Null ,
attributeValue1: Null ,
attributeType2: Null ,
attributeValue2: Null ,
attributeType3: Null ,
attributeValue3: Null ,
countryCode: ISO Country Code HK

Euros

Field Name Description Sample Data
serviceId: Service Name HKIC,
currency: ISO Currency Code EUR,
participantId: Routing Number 012,
participantName: The Institution name Bank of China (Hong Kong) Limited,
participantType: Has 4 participant types

• DP Direct Participant
• IP Indirect Participant
• ICU Indirect CHATS User
• TPU Third-Party User

DP,
directIndirect: “D” if PARTICIPANT TYPE is Directly connected
“I” if PARTICIPANT TYPE is Indirectly connected
D,
intermediaryId: Null ,
addressableId: Null ,
attributeType1: Null ,
attributeValue1: Null ,
attributeType2: Null ,
attributeValue2: Null ,
attributeType3: Null ,
attributeValue3: Null ,
countryCode: ISO Country Code HK

Chinese Renminbi

Field Name Description Sample Data
serviceId: Service Name HKIC,
currency: ISO Currency Code CNY,
participantId: Routing Number 012,
participantName: The Institution name Bank of China (Hong Kong) Limited,
participantType: Has 4 participant types

• DP Direct Participant
• IP Indirect Participant
• ICU Indirect CHATS User
• TPU Third-Party User

DP,
directIndirect: “D” if PARTICIPANT TYPE is Directly connected
“I” if PARTICIPANT TYPE is Indirectly connected
D,
intermediaryId: Null ,
addressableId: Null ,
attributeType1: Null ,
attributeValue1: Null ,
attributeType2: Null ,
attributeValue2: Null ,
attributeType3: Null ,
attributeValue3: Null ,
countryCode: ISO Country Code HK