Notice

UPDATE - AVZ Minerals Limited – DvP Settlement of Conditional Placement ASX Code: AVZYY

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0103.17.02
Date published: 03/02/17
Effective as of: 03/02/17
Last updated: 28/04/17

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

UPDATE - Deadline, Settlement, and Transformation dates have been updated 

What do I need to do by when?

Bid Details:

ISIN:

AU0000AVZYY4

22 May 2017:

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

23 May 2017†:

Settlement Date 

24 May 2017:

AVZYY holdings to be transformed to AVZ by Security Transfer Australia Pty Ltd

Settlement Agent:

Hartleys Limited (PID 06086)

Contact: 

Donna Beaton

Phone:

(08) 9268 2803

Fax:

(08) 9268 2800

Email:

donna_beaton@hartleys.com.au


[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 AVZYY 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

Chris Mitchell, Officer, Post Trade Operations

Contact information

Chris Mitchell
1800 623 571
pmf@asx.com.au

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