Notice

Changes to Capital Based Position Limit Methodology

What's this about:
  • ASX 24 Market
  • Clearing
  • Rules
  • Compliance
  • Risk
  • Futures
  • Commodities
  • Rates
Notice reference number: 0417.17.04
Date published: 18/04/17
Effective as of: 01/05/17
Last updated: 18/04/17

Effective 1 May 2017, ASX has amended Schedule 11A (Additional Prescriptions) of the ASX Clear (Futures) Operating Rules to reflect changes to its Capital Based Position Limit (CBPL) methodology.

The amendments provide that:

  • a Clearing Participant that is a bank or a subsidiary of a bank or bank holding company that meets prescribed requirements has a limit on Initial Margin liability of $1.5 billion; and

  • all other Clearing Participants have a limit on Initial Margin liability of no more than 300% of their Net Tangible Assets.

A copy of the amendments is available here.

What do I need to do by when?

Clearing Participants do not need to take any action.

Need more information?

Issued by

Colm Grace, Senior Manager, Clearing Risk Policy and Management

Contact information

Colm Grace
+61 (02) 9227 0439
colm.grace@asx.com.au

Disclaimer