Notice

Energy Resources of Australia Ltd - DvP Settlement of Shortfall Shares ASX Code: ERAYY

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0140.20.02
Date published: 20/02/20
Effective as of: 20/02/20
Last updated: 20/02/20

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Shortfall Shares by Energy Resources of Australia Ltd.

What do I need to do by when?

Bid Details:

ISIN:

​ AU0000078693

21 February 2019:

Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP  Settlement between the two parties[1]

24 February 2019:

Settlement Date 

25 February 2019:

ERAYY holdings to be transformed to ERA by Computershare Investor Services Pty Limited

Settlement Agent:

Pershing Securities Australia Pty Limited (PID: 01792)

Contact:

Ben Parisek

Phone:

(02) 8999 4094

Fax:

(02) 8999 4070

Email:

corporate-actions@pershing.com.au


[1] An existing market convention states that transactions should be matched before 4 pm on S-1. Unmatched transactions after this time may be matched up until 11.30 am on S without prior agreement with the counterparty. Any transactions remaining should only be matched in the last hour with agreement with the counterparty.

† The CHESS Subregister will close at 7.00pm. 

CHESS Charges

The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of ERAYY where the Transaction Basis “I” (IPO) is used in CHESS messages.

Participants should be aware that transactions do not receive the benefit of central counterparty backing. Therefore, if there were a default the non-defaulting party would not be able to look to ASX Clear for completion of the transaction. 

Need more information?

Issued by

Eldon Hernando, Equity Operations

Contact information

Equity Operations
1800 814 051
CHESSHelp@asx.com.au

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