Investors place an order to buy stocks through stock brokers by phone or via internet and, in turn, the brokers will execute the order via the trading terminal. If the order is done, the Stock Exchange (HKEx) will transmit the trade data to the Hong Kong Securities Clearing Company Limited (HKSCC), and the brokers will confirm the completed order with the investors as soon as possible. On the settlement date (2 working days after the trading date), to settle the transaction, the buyer will pay and receive the shares. At the option of the buyers, the shares can be kept electronically in the brokers account or in separate personal account called Investor Participant Account with HKSCC.