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
UPDATE - Please note that the settlement date has been amended to the 27th of March.
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.
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.
Anjita Sharma, Post Trade Operations
Anjita Sharma
1800 623 571
pmf@asx.com.au