Notice

Prospect Resources Limited - DvP Settlement of Placement ASX Code: PSCXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0618.16.06
Date published: 02/06/16
Effective as of: 02/06/16
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 Prospect Resources Limited.

What do I need to do by when?

Bid Details:

ISIN: AU0000PSCXX1
03 June 2016: Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP  Settlement between the two parties[1]
06 June 2016†: Settlement Date 
07 June 2016: PSCXX holdings to be transformed to PSC by Security Transfer Registrars Pty Ltd.
Settlement Agent:
 Pershing Securities Australia (PID 01791)
Contact:  David Harjito
Phone: (02) 8999 4094
Fax: (02) 8999 4070
Email: Corporate-Actions@pershing.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 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. 

 

CHESS Charges

The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of PSCXX 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

Cheng Zhang, Officer, Post Trade Operations

Contact information

Cheng Zhang
1800 623 571
pmf@asx.com.au

Disclaimer

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