Temporary Adjustment to ASX Clear Interest Haircuts March 2020

What's this about:
Notice reference number: 0228.20.03
Date published: 19/03/20
Effective as of: 19/03/20
Last updated: 19/03/20

In response the recent RBA rate cut, ASX Clear will temporarily waive 20bps of the interest haircut on Exchange Traded Option (ETO) accounts. This is due to technical limitations with Clearing Participants being able to manage the current interest rate environment.

This will make the effective interest haircut 25bps from 19 March 2020 until September 30 2020. The waiver will then be removed and interest haircuts will return to 45bps from 1 October 2020.  

Clearing Participants and Vendors are requested to continue to ensure that systems are capable of managing the current interest rate environment, and confirm system readiness prior to 1 October 2020

What do I need to do by when?

If you are an ASX Clear Clearing Participant or system vendor, please note the change to the interest haircut and dates for system readiness.

Need more information?

Issued by

Candice Trevenna, Product Manager, CCP Clearing

Contact information

Candice Trevenna
+61 (02)  9227 0595