How do I open an account in sub-funds of the HSBC Global Liquidity Fund range?
First you will need to read the Key Investor Information Document (KIID) and get in touch with your relevant contact if you have any questions. In addition to reading the above you will also need the following documentation:
- A completed Account Opening Form
- A certified list of authorised signatories who are permitted to change the standing data contained in the Account Opening Form (e.g. your bank account details)
- A certified list of authorised signatories who are permitted to trade on the account
Please get in touch we will explain next steps and answer any further questions you may have.
How do I make an investment?
Placing an investment in our funds is a two-step process; placing a trade and settling the deal.
Trading can be carried out in several ways:
1. Online via:
HSBC Liquidity Funds Portal
We offer an automated online trading and reporting facility via the HSBC Liquidity Funds Portal through HSBCnet.
We are happy to provide further information if the Liquidity Funds Portal is of interest, including the new user application form which you’ll need to complete.
If you are an existing HSBCnet user, you’ll need to complete the supplementary application form to obtain access to the HSBC Liquidity Funds Portal.
Please note that when placing trades via HSBCnet, the trading deadline is 15 minutes earlier than the deadline quoted in the guide.
For further information on the HSBCnet Liquidity portal please see final section titled “What is the HSBCnet Liquidity Portal?”
Third Party Portals
There are several external online portals potentially available to clients who wish to trade online. The requirements differ for each.
If you are interested in utilising one of the options above, please contact your local HSBC Liquidity Client Service team for further information.
2. Direct via:
- If you want to place a deal by telephone, you should call the HSBC dealing team, +353 1 642 8544 before the relevant Dealing Deadline.
- If you are an Asian-based shareholder and seek same day redemption payments from the HSBC US Dollar Liquidity Fund, and you want to place a deal by telephone, you should call the HSBC dealing team based in Singapore on +65 6372 6905 before the relevant Singapore Interim Dealing Deadline.
- You should be prepared to provide the following information:
3.1. Your shareholder account number.
3.2. Your name, as it appears on the shareholder register; and
3.3. The name and share class of the fund that you wish to deal in, and the amount that you wish to deal.
3.4. You may also be asked certain security questions, to confirm your identity.
- Please note that your dealing instructions will be read-back (so that you can confirm they are accurate), and that all telephone deals are recorded.
- If you are an Asian-based shareholder and seek same day redemption payments from the HSBC US Dollar Liquidity Fund, you should complete a Subsequent Dealing Form, which can be obtained from your local HSBC Liquidity Client Service team, and fax it to HSBC Global Liquidity Funds plc, fax +353 1 829 0834. To confirm receipt of the fax please phone the Singapore Administrator on +65 6372 6905. Faxes must be received by the Singapore Administrator before the relevant Singapore Interim Dealing Deadline.
3. Automated options via:
The following options automate the trade flow between investors and Bank of New York Mellon, the Fund Administrator for the HSBC Global Liquidity Funds. Investors benefit from increased operational efficiencies, including improved timeliness of trade confirmations and statements, whilst removing the risk associated with manual processing.
We support SWIFT 15022 and 20022 formats including MT502 (order placement), MT509 (trade receipt), MT515 (trade confirmation), MT535 (account balance) and MT536 (account transactions).
Calastone’s order routing service is available to all investors. The service is unique in its approach. Calastone support all message types from the sender and translate to meet the receiver’s own requirements and provide the same in reverse. This means the service can quickly and easily be adopted by both parties, reducing upfront and maintenance costs.
If you want to place a deal by fax, you should complete a Subsequent Dealing Form, which can be obtained from your local HSBC Liquidity Client Service team, and fax it to HSBC Global Liquidity Funds plc, fax +353 1 829 0834. To confirm receipt of the fax please phone +353 1 642 8544. Faxes must be received by the Administrator before the relevant Dealing Deadline.
How do I settle deals?
Subscription payments must be made by the Cash Deadline on the Settlement Date by electronic transfer, i.e. T+0. Various third party portals offer an auto settlement service, please contact your portal provider if you would like to set this up. If you do not settle a subscription by the Cash Deadline on the Settlement Date, then you may be liable for any loss incurred by the HSBC Global Liquidity Funds plc as described in the Prospectus. Bank account details for the funds and cut off times can be found in our HSBC Global Liquidity Fund Administration Guide.
Redemption proceeds and distributed income will be electronically transferred on the Settlement Date to the bank account given in your Account Opening Form. There is also an option have the income reinvested into the fund.
When investing by placing a subscription trade will my account be debited automatically?
No. You will need to send the cash in a separate transaction as trading into our funds is a two-step process; placing a trade and settling the deal. See the HSBC Global Liquidity Funds Administration Guide for cash payment deadlines.
What is the minimum initial investment amount?
The minimum initial investment in our funds is 1,000,000 in the currency of the fund you are investing in.
Where can I find daily yields?
You can obtain information on the daily yield and net asset value of the HSBC Global Liquidity Funds plc via our Fund Centre page. You can also find this information through Reuters or Bloomberg, the codes for which can be found on the fund factsheet. If you are trading through a third party portal they too can provide this information.
Alternatively, you can request that your local HSBC Liquidity client service team arrange for this information to be emailed to you on a daily basis.
- If you have invested in a distributing share class, your dividend income will be declared daily and paid monthly. Dividend income can be paid at any time during the month if you would like to request a full account redemption
- A record of your account and all transactions is kept by the Administrator. Statements confirming deals, dividends and month-end balances will be sent to you on a monthly basis. If you need to request a statement on an ad hoc basis please contact our transfer agent
Please note that stock certificates are not issued for your holding. The issue and transfer of shares are by book entry.
Do you disclose portfolio holdings details?
Yes, shareholders can elect to receive portfolio holdings reports that are released on a daily basis, one day in arrears. If you are a shareholder and would like to be added to the distribution list to receive holdings reports, please contact your client service team by email.
What is the HSBCnet Liquidity Portal?
HSBCnet is the proprietary portal of HSBC via which the HSBC Global Liquidity Funds can be traded. You can also view your current balance information, transaction history and historical yields there. This information can also be downloaded to Microsoft Excel TM.
The HSBCnet Liquidity Portal is free to use. To use the Liquidity Portal you will need to have an account with HSBC Global Liquidity Funds plc. In addition a registration form needs to be completed.
What are the dealing cut off times for trading via HSBCnet?
The cut-off times for placing orders via the HSBCnet are 15 minutes earlier than for the fund cut off times, as illustrated below.
Who do I contact if I have questions on HSBCnet?
Please contact your local Liquidity Client Services team using the Contact us menu option.