Notice

Update - Westpac Banking Corporation – DvP Settlement of Institutional Offer ASX Code: WBCXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0657.16.06
Date published: 09/06/16
Effective as of: 09/06/16
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 Institutional Offer by Westpac Banking Corporation of Westpac Capital Notes 4

What do I need to do by when?

Bid Details:

ISIN:

AU0000WBCXX3

28 June 2016:

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

29 June 2016†:

Settlement Date 

30 June 2016:

WBCXX holdings to be transformed to WBCPG by Link Market Services Limited

Settlement Agent:

UBS Securities Australia (PID 01505)

Contact: 

William Berriman

Phone:

(02) 9324 2556

Fax:

(02) 9324 3564

Email:

william.berriman@ubs.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 WBCXX 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