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The Shanghai Stock Exchange (SSE) has developed the Bond Project Application System (the System for short) for submitting applications for projects of corporate bonds and asset backed securities (ABS), in a bid to facilitate the growth of the bond market and elevate the pre-examination efficiency of corporate bonds. The System was launched on May 18, 2015, with relevant issues notified as follows:
1. The websites for the System are https://120.204.69.28/bond and https://116.228.174.180/bond. As of the launch day, underwriters may submit via the System to the SSE their applications for listing pre-examination of the corporate bonds to be publicly issued (to qualified investors) and those for listing and transfer of the non-publicly issued corporate bonds. Time for the System to receive the applications for ABS listing and transfer is subject to further notification of the SSE.
2. A digital certificate is required for an underwriter to log on to the System. The underwriter should apply for handling digital certificate for its project staff according to its business operation, with the relevant procedure as attached.
3. After logging on to the System, the underwriter should complete user registration and permission setting according to the user manual. To finish the project application, it should fill in the project information and submitting the application documents according to relevant requirements.
4. Underwriters should be well prepared for using the System as soon as possible and timely give feedbacks for the use of the System. Before June 30, 2015, underwriters unable to submit their project applications online still could submit their paper application documents. After that day, all the project applications should be submitted through the System in principle.
5. Underwriters should have and perfect its risk control measures and internal management system. It should manage its users and system operation, carry out rigorous information management, and ensure the authenticity, accuracy and completeness of the project application documents. Besides, it should confirm that the application documents have been examined and approved by its internal risk control or compliance department, which has agreed to submit the application documents to the SSE.
6. Intellectual property rights of the filling template for submitting project application in the System shall belong to the SSE, and all underwriters are required to cooperate to protect the intellectual property rights of the template.
7. When using the System, consultation could be made by the following ways: Tencent QQ Chat Group for Bonds’ Issuance and Listing (number: 205530178) and hotline for technical support (400-900-3600).
