Notice

Santos Limited – DvP Settlement of Institutional Placement ASX Code: STOXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1542.16.12
Date published: 16/12/16
Effective as of: 16/12/16
Last updated: 20/03/26

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Institutional Placement of Santos Limited

What do I need to do by when?

Bid Details:

ISIN:

AU0000STOXX8

19 December 2016:

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

20 December 2016†:

Settlement Date 

21 December 2016:

STOXX holdings to be transformed to STO by Computershare Investor Services Pty Ltd 

Settlement Agent:

Morgan Stanley Australia Securities Limited (PID 02992)

Contact: 

Justin Clark

Phone:

(02) 9775 2031

Fax:

(02) 9775 2335

Email:

AUDSETT@morganstanley.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 STOXX 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, Senior Officer, Post Trade Operations

Contact information

Eldon Hernando
1800 623 571
pmf@asx.com.au

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