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Notice
This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Shortfall Placement by Los Cerros Limited.
What do I need to do by when?
Bid Details:
ISIN: |
AU0000271926 |
|---|---|
30 March 2023: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
31 March 2023: |
Settlement Date |
03 April 2023: |
LCLXX holdings to be transformed to LCL by Automic Registry Services |
Settlement Agent: |
Euroz Hartleys Ltd (PID: 06086) |
Contact: |
Donna Beaton |
Phone: |
(08) 9268 2803 |
Fax: |
(08) 9268 2800 |
Email: |
dbeaton@eurozhartleys.com |
[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 LCLXX 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
Janette Torres, Equity Operations
Contact information
Equity Operations
1800 814 051
pmf@asx.com.au