The changes to the Austraclear Procedures are being made to accommodate a payment of interest where interest rates are negative. The changes confirm that Austraclear will only effect a payment of interest which is due from an Owner to an issuer (or its paying agent) where Austraclear receives an instruction from an issuer, paying agent or the owner.
A copy of the amendments is available here
Should you have additional queries, please contact us below for further information.
John Pearce, Manager, Settlement and Collateral
Any enquiries should be directed through to the Austraclear and ASX Collateral Service Desk on 1300 362 257 or via email to Austraclear@asx.com.au