Under what circumstances will CBBC order status change from “executed” to “unexecuted”?
CBBC will be called immediately when the price of the underlying asset reaches a pre-determined level known as the Call Price before the expiration date (“Mandatory Call Event”). The issuer of the CBBC informs HKEx about the Mandatory Call Event and the call time, and the HKEx suspends the trading of that CBBC on behalf of the issuer. There may be a possible time delay between the Mandatory Call Event and the suspension of the trading of the CBBC. In such case, any CBBC trades executed after the exact Mandatory Call Event time will be cancelled. We can only inform customers of the latest order status upon receipt of final confirmation from the HKEx. The status of orders received after the Mandatory Call Event will thus change from “executed” to “unexecuted”. At the same time, for a CBBC buy order, the buying amount which is earmarked for settlement purpose will then be released immediately.
