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General Information About Hongkong Bank Clearing Code
What is Hongkong Bank Clearing Code?
Hongkong Clearing Code or Bank Code both are same. This code used to identify the perticular bank or financial institution branch in Hongkong. The Hongkong Bank Code is three digits numerical value. Your branch code, however, is typically the first three numbers of your account number.
What is Hongkong Clearing Code used for?
The Hongkong Bank Code or Clearing Code used for various transation such as online banking money transfer, fund transfer to a local bank account etc.
Description of Clearing System
Position 1-4 : Status of 4 clearing system
| Position 1 : HKD Clearing Sytem Status | |
|---|---|
| Code | Status |
| M | A clearing member of HKD clearing system |
| N | Not a clearing member of HKD clearing system |
| Position 2 : USD Clearing Sytem Status | |
|---|---|
| Code | Status |
| D | A Direct Participant of USD clearing system |
| I | An Indirect Participant of USD clearing system |
| C | An Indirect CHATS User of USD clearing system |
| N | Not a Participant of USD clearing system |
| Position 3 : EURO Clearing Sytem Status | |
|---|---|
| Code | Status |
| D | A Direct Participant of Euro clearing system |
| C | An Indirect CHATS User of Euro clearing system |
| N | Not a member of Euro clearing system |
| Position 4 : RMB Clearing Sytem Status | |
|---|---|
| Code | Status |
| M | A clearing member of RMB clearing system |
| N | Not a clearing member of RMB clearing system |