ASX has today released the ASX Clear Operating Rules Guidance Note 13 Managing Liquidity Requirements on the minimum liquidity management arrangements a participant should have to meet its obligations under the ASX Clear Operating Rules. It covers four main points:

• The requirement for participants generally to have a formal liquidity risk framework in place that is appropriate to the nature, scale and complexity of their activities.

• The requirement for a participant to have a nominated officer responsible for liquidity management.

• The requirements for a board-approved annual liquidity plan which considers both “normal” and “stress” conditions and robust liquidity-related operational processes and management reporting.

• The different expectations of ADIs and related bodies corporate of ADIs.

The Guidance Note can be located under the relevant tab here.

The Guidance Note flows from Clearing Participant responses to ASX’s consultation in February 2016 and the draft Guidance Note circulated to Clearing Participants in July 2016.

What do I need to do by when?

ASX expects Clearing Participants to comply with the requirements of this Guidance Note from 28 February 2017 (6 months from the date of publication of this Guidance Note).

Queries should be sent to:

samantha.hettihewa@asx.com.au

Need more information?

Issued by

Samantha Hettihewa, Manager, Clearing Risk Policy

Contact information

Samantha Hettihewa
+61 (02) 9227 0939
samantha.hettihewa@asx.com.au

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