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Article NO. Content

Title：

Accounting Treatment Directions for the T+2 Delivery Versus Payment (DVP) Settlement System for the Securities Market  CH

Announced Date： 2009.01.07 
Categories： Securities Exchange Market > Clearing and Settlement
Article Content Content Search Article No. Search Legal Basis Attachment Legislative History Chinese
3     In accordance to Article 3 of the Securities Transaction Tax Act, the collecting agent shall make payment to the national treasury along with a filled payment slip on the day following the date of transaction. After implantation of the T+2 Delivery Versus Payment (DVP) Settlement System, the relevant transaction tax collected by the collecting agent shall be paid to the national treasury on T+3 date at the latest, and dealers can make early payment to the national treasury on T+2 date.