SECOND SCHEDULE
Regulation 6(3)
Prescribed processing services
1.  The following are prescribed processing services when provided to a financial institution or a financial sector incentive (headquarter services) company in connection with its financial activities relating to treasury and securities:
(a)account opening documentation services;
(b)agreement maintenance and support services;
(c)cash management services;
(d)corporate action processing services;
(e)monitoring of counterparty limits services;
(f)funds and net asset value accounting services;
(g)portfolio valuation services;
(h)pre-settlement confirmation and matching services;
(i)securities borrowing and lending processing services;
(j)settlement and reconciliation services.
2.  The following are prescribed processing services when provided to a financial institution or a financial sector incentive (headquarter services) company in connection with its financial activities relating to asset management:
(a)benchmark tracking and monitoring services;
(b)central dealing services;
(c)credit administration services;
(d)funds and net asset value accounting services;
(e)monitoring of counterparty limits services;
(f)monitoring of investment restrictions services;
(g)portfolio performance monitoring and measurement services;
(h)portfolio valuation services;
(i)registrar, listing agent, and paying agent services;
(j)settlement and reconciliation services;
(k)transfer agency services.
3.  The following are prescribed processing services when provided to a financial institution or a financial sector incentive (headquarter services) company in connection with its financial activities relating to private banking:
(a)administration and monitoring of credit facilities services;
(b)foreign exchange settlement services;
(c)funds and net asset value accounting services;
(d)monitoring of investment limits and restrictions services;
(e)personal and corporate trust servicing services;
(f)settlement and reconciliation services.
4.  The following are prescribed processing services when provided to a financial institution or a financial sector incentive (headquarter services) company in connection with its financial activities relating to wholesale banking:
(a)cash management services;
(b)collateral management services;
(c)loan administration and monitoring of credit facilities services;
(d)product control services;
(e)securities borrowing and lending processing services;
(f)trade finance and clearing operation services;
(g)trade settlement and reconciliation services;
(h)trade support services.
5.  The following are prescribed processing services when provided to a financial institution or a financial sector incentive (headquarter services) company in connection with its financial activities relating to retail banking:
(a)credit control services;
(b)evaluation services of applications for financial products including credit cards, loans and bank assurance;
(c)fraud control services;
(d)monitoring services of investment and insurance activities;
(e)settlement and reconciliation services.
6.  The following are prescribed processing services when provided to a financial institution or a financial sector incentive (headquarter services) company in connection with its financial activities relating to insurance:
(a)claims management and processing services;
(b)loss adjusting services;
(c)policy issuance, processing, administration, renewal and collection services;
(d)risk modelling and related services;
(e)run-off management and related services.
7.  The following are prescribed processing services when provided to a financial institution or a financial sector incentive (headquarter services) company in connection with and incidental to its provision of any of the services mentioned in paragraphs 1 to 6:
(a)compliance and legal support services;
(b)financial control and accounting services;
(c)information technology services;
(d)management information and reporting services;
(e)risk management services.