With effect from 6 February 2017, ASX intends to amend the margin erosion percentage which is used for intraday margin called by ASX Clear from 40% to 25% (or such other percentage as notified by ASX from time to time).
This change will allow ASX greater flexibility to call intraday margin from participants during events which may cause market volatility (e.g. Brexit, US election).
Please see attached proposed changes to the ASX Clear Operating Rules Procedures to reflect this.
Participants do not need to take any action.
William Ward, Exposure Risk Management
William Ward, Manager Exposure Risk Management
+61 (02) 9227 0532
william.ward@asx.com.au