Notice

Thorney Technologies Ltd – DvP Settlement of Placement ASX Code: TEKXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1563.16.12
Date published: 21/12/16
Effective as of: 21/12/16
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 Placement by Thorney Technologies Ltd.

Due to code and name change of Australian Renewable Fuels Limited (ARW) to Thorney Technologies Ltd (TEK) which effective yesterday Tuesday, 20 December 2016, the placement DvP settlement code change to TEKXX.  Furthermore, the settlement date has been amended to 10 January 2017.

What do I need to do by when?

Bid Details:

ISIN:

AU0000TEKXX6

09 January 2017:

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

10 January 2017†:

Settlement Date 

11 January 2017:

TEKXX holdings to be transformed to TEK by Computershare Investor Services Pty Limited

Settlement Agent:

Bell Potter Securities Limited (PID 01543)

Contact: 

Craig Harris

Phone:

(03) 9235 1886

Fax:

(03) 9235 1802

Email:

Charris@bellpotter.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 TEKXX 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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