National Instrument 24-101 Institutional Trade Matching Statement and Settlement came into force April 1, 2007. NI 24-101 provides a framework in Canadian securities legislation for ensuring more efficient, timely processing and settlement of institutional trades. CDS participants are required to provide trading counterparties with a written statement signed by a senior executive officer that confirms they have in place processes and procedures that allow matching within prescribed limits.
If you require additional information on National Instrument, please contact your relationship manager or institutional salesperson.
Interest rate benchmarks including the London Interbank Offered Rate (LIBOR), the Euro Interbank Offered Rate (EURIBOR) and certain other Interbank Offered Rates (IBORs) are being reformed.
These reforms are expected to cause at least some IBORs to perform differently to the way they do currently or to disappear, which may impact the HSBC products and services you currently use and those we provide in the future.
Regulatory authorities and public and private sector working groups in several jurisdictions have been discussing the alternatives to IBORs but there is still uncertainty over when these alternative rates will be available and how the reforms will impact specific financial products and services. To find out more about HSBC’s current understanding, please visit IBOR reforms (Please note: this information is available in English only. Canadian French will be provided shortly).
Should you have any additional questions, or, require additional information, please contact your local relationship manager
|Services||Full Service||Basic Service||Enquiry Plus Service|
Domestic and international accounts in local and foreign currencies supported.
|Domestic HSBC Accounts||✔||✔||✔|
|International HSBC Accounts||✔||✔||✘|
|Reporting - Customizable reporting capabilities with optional add-ons based on your business needs.|
|Automated File Delivery||✔||✘||✘|
|Cheque Image Retrieval||✔||✔||✔|
|Reports & Files Download
(eStatement and Billing Invoices only)
|Receivables Management Service||✔||✘||✘|
|Cheque Outsourcing Service||✔||✘||✘|
|Liquidity Management Dashboard (Only available to Corporate Clients)||✔||✔||✔|
|Transactions – Execution and oversight of your day to day banking activity|
|Priority Payments (Wires) and Track Payments||✔||✔||✔|
|Mobile Remote Deposit Capture||✔||✔||✔|
|Online Tax Filing Service||✔||✔||✔|
|Electronic Funds Transfer||✔||✔||✘|
|Corporate Remote Deposit Capture||✔||✔||✘|
|Account Reconciliation/Positive Pay Service||✔||✔||✘|
|Administration - Create and manage user access|
|User and Account Management||✔||✔||✔|
Please refer to our Commercial Service Charge Brochure for detailed pricing information.