title = "CCASS Clearing and Settlement"

content = """
The Central Clearing and Settlement System (CCASS) operates Hong Kong's central securities
depository. Understanding CCASS is essential for settlement operations and custody.

**Settlement Cycle** follows T+2 for most equities. Trades are settled on the second
business day after the trade date. Cash and securities move simultaneously.

**Participant Accounts** include direct clearing, general clearing, and custodian
participants. Each structure serves different client and operational needs.

**Settlement Instructions** must match counterparty details. Mismatches cause settlement
failures and require investigation and resolution.

**Corporate Actions** processing through CCASS handles dividends, rights issues, and
mandatory events. Participants must respond to action notifications promptly.

**Stock Connect** uses a similar T+2 cycle with specific sub-custodian and nominee
structures for Northbound and Southbound settlement.
"""

version = "0.0.1"
