Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Retail Offer by IMF Bentham Limited.
What do I need to do by when?
UPDATE – Please note the settlement date has been amended to the 4th of November, 2019.
Bid Details:
ISIN: |
AU0000060626 |
|---|---|
01 November 2019: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
04 November 2019: |
Settlement Date |
05 November 2019: |
IMFZZ holdings to be transformed to IMF by Link Market Services Limited |
Settlement Agent: |
Citigroup Global Markets Australia Pty Limited (PID 20018) |
Contact: |
Alex Hatcher |
Phone: |
+61 2 8225 2677 |
Email: |
alex.hatcher@citi.com |
[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 IMFZZ 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, Equity Settlement Operations
Contact information
Anjita Sharma