The China Government Securities Depository Trust & Clearing Co.  (CDC) clears transactions in the interbank market. Settlement is done trade-by-trade in real time on the designated date.

 The China Securities Depository and Clearing Co. (CSDCC)., with branches in Shanghai and Shenzhen, is the sole national securities depository, clearing, and registration company for securities traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. CSDCC clears transactions at the end of each day and the settlement cycle of trading is T+1.