Notice

ASX Clear - Margin erosion percentage for intraday margin calls

What's this about:
  • ASX Market
  • Clearing
  • Rules
  • Risk
  • Compliance
  • Equity Derivatives
  • Initial margin
  • eroded
  • margin obligations
  • Erosion Thresholds
Notice reference number: 1576.16.12
Date published: 23/12/16
Effective as of: 06/02/17
Last updated: 23/12/16

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. 

ASX Clear Operating Rules 

What do I need to do by when?

Participants do not need to take any action.

Need more information?

Issued by

William Ward, Exposure Risk Management

Contact information

William Ward, Manager Exposure Risk Management
+61 (02)  9227 0532
william.ward@asx.com.au

 

Disclaimer