Notice

Plato Income Maximiser Limited – DvP Settlement of Placement Code: PL8XX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0279.17.03
Date published: 21/03/17
Effective as of: 21/03/17
Last updated: 21/03/17

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement of Plato Income Maximiser Limited

What do I need to do by when?

Bid Details:

ISIN:

AU0000PL8XX3

27 April 

2017:

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

28 April 2017†:

Settlement Date 

01 May 2017:

PL8XX holdings to be transformed to PL8 by Boardroom Pty Limited

Settlement Agent:

Commonwealth Securities Limited (PID 01402)

Contact: 

Danny Truong

Phone:

+61292807363

Fax:

1300 13 15 19

Email:

danny.truong@cba.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 PL8XX 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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