Notice

Applydirect Limited – DvP Settlement of Placement ASX Code: AD1YY

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0051.18.01
Date published: 19/01/18
Effective as of: 19/01/18
Last updated: 19/01/18

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

What do I need to do by when?

Bid Details:

ISIN:

AU0000AD1YY1

24 January 2018:

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

25 January 2018†:

Settlement Date

29 January 2018:

AD1YY holdings to be transformed to AD1 by Link Market Services Limited

Settlement Agent:

Bell Potter Securities Limited (PID 01543)

Contact: 

Craig Harris

Phone:

(03) 9235 1886

Fax:

(03) 9235 1802

Email:

Charris@bellpotter.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 AD1YY 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

Cheng Zhang, Post Trade Operations

Contact information

Cheng Zhang
1800 623 571
pmf@asx.com.au

Disclaimer