Notice

IRESS Limited- DvP Settlement of Placement ASX Code: IREXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1142.16.09
Date published: 27/09/16
Effective as of: 27/09/16
Last updated: 27/09/16

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement by IRESS Limited

What do I need to do by when?

Bid Details:

ISIN:

AU0000IREXX4

29 September 2016:

Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1]

30 September 2016†:

Settlement Date　

4 October

2016:

IREXX holdings to be transformed to IRE by Link Market Services Limited

Settlement Agent:

Goldman Sachs Australia Pty Ltd (PID 03614)

Contact:　

Matt McMullen

Phone:

(02) 9321 8927

Fax:

(02) 9561 2304

Email:

goldmansachs.institutionalsettlements@gs.com

 


[1] An existing market convention states that transactions should be matched before 4 pm on S-1. Unmatched transactions after this time may be matched up until 11.30 am on S without prior agreement with the counterparty. Any transactions remaining should only be matched in the last hour　with agreement with the counterparty.

†　The CHESS Subregister will close at 7.00pm.　

CHESS Charges

The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of IREXX where the Transaction Basis “I” (IPO) is used in CHESS messages.

Participants should be aware that transactions do not receive the benefit of central counterparty backing. Therefore, if there were a default the non-defaulting party would not be able to look to ASX Clear for completion of the transaction. 

Need more information?

Issued by

Jenny Yang, Officer, Post Trade Operations

Contact information

Jenny Yang
1800 623 571
pmf@asx.com.au

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