This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support Placement of Rewardle Holdings Limited
ISIN: |
AU0000RXHXX6 |
---|---|
15 August 2016: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
16 August 2016†: |
Settlement Date |
17 August 2016: |
RXHXX holdings to be transformed to RXH by Automic Registry Services |
Settlement Agent: |
Morgans Financial Limited (PID 04064) |
Contact: |
Suzie Marshall |
Phone: |
(07) 3334 4808 |
Fax: |
(07) 3834 0815 |
Email: |
[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 10.30 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.
The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of RXHXX 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.
Eldon Hernando, Senior Officer, Post Trade Operations
Eldon Hernando
1800 623 571
pmf@asx.com.au