This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement by Austin Exploration Limited
What do I need to do by when?
ISIN: |
AU0000AKKXX3 |
---|---|
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 |
3 October 2016: |
AKKXX holdings to be transformed to AKK by Boardroom Limited |
Settlement Agent: |
Pershing Securities Australia (PID 01792) |
Contact: |
Vincent Trimarchi |
Phone: |
(02) 8999 4094 |
Fax: |
(02) 8999 4070 |
Email: |
Corporate-Actions@pershing.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 10.30 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.
The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of AKKXX 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.
Chris Mitchell, Officer, Post Trade Operations
Chris Mitchell
1800 623 571
pmf@asx.com.au