Notice

National Australia Bank Limited - DvP Settlement of NAB Capital Notes 2 Broker Firm and Institutional Offer ASX Code: NABZZ

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0630.16.06
Date published: 03/06/16
Effective as of: 03/06/16
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 NAB Capital Notes 2 Broker Firm and Institutional Offer by National Australia Bank Limited

What do I need to do by when?

Bid Details:

ISIN:

AU0000NABZZ6

05 July 2016:

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

06 July 2016†:

Settlement Date 

07 July 2016:

NABZZ holdings to be transformed to NABPD by Computershare Investor Services Pty Limited

Settlement Agent:

Computershare Clearing Pty Ltd (PID 20127)

Contact: 

Craig Cain

Phone:

(03) 9415 5036

Email:

Craig.Cain@computershare.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 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 NABZZ 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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