Notice

UPDATE: Image Resources NL - DvP Settlement of Placement ASX Code: IMAXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0268.18.03
Date published: 22/03/18
Effective as of: 22/03/18
Last updated: 22/03/18

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

What do I need to do by when?

UPDATE -  Please note that the settlement date has been amended to the 27th of March.

Bid Details:

ISIN:

 AU0000003204

26 March 2018

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

27 March 2018

Settlement Date 

28 March 2018

IMAXX holdings to be transformed to IMA by Security Transfer Australia Pty Ltd

Settlement Agent:

Pershing Securities Australia (PID 01792)

Contact: 

Darragh Kiely

Phone:

(02) 8999 4059

Fax:

 

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 September 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 IMAXX 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

Anjita Sharma, Post Trade Operations

Contact information

Anjita Sharma
1800 623 571
pmf@asx.com.au

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