Notice

Minor amendments to OTC Product coverage

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Notice reference number: 1220.16.10
Date published: 17/10/16
Effective as of: 17/10/16
Last updated: 17/10/16

On 17 October 2016 ASX made minor amendments to its OTC Eligibility Criteria (as defined in the ASX OTC Handbook) to align with market practice for the execution of certain A$ OTC products.

A summary of the amendments are listed below:

  • Compounding Method of ‘Spread Exclusive’ is now eligible on all OTC products.

  • Payment Frequency of ‘Monthly’, ‘Quarterly’ and ‘Semi-Annually’ is now eligible on all OTC products including those that reference the AONIA rate index (OIS Swaps and BBSW vs AONIA Basis Swaps).

  • Additional stub period eligibility criteria have been aligned with the new Payment Frequency options for products referencing the AONIA rate index.

The amendments to the OTC Eligibility Criteria outlined in this notice are available here. A high level summary of the expanded OTC Interest Rate Derivatives products ASX now clears is available here .

What do I need to do by when?

OTC Participants do not need to take any action. However, OTC Participants may now clear an expanded product range with ASX (refer above).

Need more information?

Issued by

Allan McGregor, Senior Manager, Rates

Contact information

Allan McGregor
+61 (02)  9227 0814
 allan.mcgregor@asx.com.au

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