Due to the declining interest rate environment, ASX has been investigating the impact of zero and negative interest rates on all ASX interest rate products (futures and options over futures) and relevant ASX systems.

Market participants and users of ASX’s interest rate products are advised of the availability of external test environments for customers to test and validate their own systems and processes where interest rate futures prices are greater than or equal to 100.00.

ASX24 currently restricts orders being entered in interest rate futures products where prices are greater than or equal to 100.00. Interest rate option strike listings are also currently restricted to under 100.00. These restrictions will continue to apply until all ASX24 futures vendors and ASX Clear (Futures) Clearing Participants confirm their readiness for handling zero and negative interest rates.

Customers will be able test in both ASX24 Customer Development Environments (CDE and CDE+) from Wednesday 10 July 2019 through to 9 August 2019.

A separate market notice advising of the removal of restrictions in ASX24 production environments will be released over the coming weeks.

What do I need to do by when?

ASX24 Customer Development Environments (CDE and CDE+) will be available from 10 July 2019.

If you are an ASX24 futures vendor or ASX Clear (Futures) Clearing Participant, and haven’t done so already, you will need to provide confirmation to the ASX that you are able to process zero and negative interest rates for ASX’s interest rate products by 9 August 2019.

Assistance with accessing test environments and confirmation of readiness can be provided directly to Customer Technical Support (CTS).

Customer Technical Support

1800 663 053

+61 (02) 9227 0372

cts@asx.com.au

Need more information?

Issued by

Candice Trevenna, Product Manager, CCP Clearing

Contact information

Candice Trevenna

Product Manager, CCP Clearing

+61 (02) 9227 0595

Candice.trevenna@asx.com.a

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