Notice

Peet Limited - DvP Settlement of ASX Broker Firm and Institutional Offer ASX Code: PPCZZ

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0595.16.05
Date published: 30/05/16
Effective as of: 30/05/16
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 Broker Firm and Institutional Offer by Peet Limited

What do I need to do by when?

Bid Details:

ISIN: AU0000PPCZZ7
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: PPCZZ holdings to be transformed to PPCHA 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 PPCZZ 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

Contact information

Cheng Zhang
1800 814 051

pmf@asx.com.au   

Disclaimer

Note about ASX Online beta

During the period 8am Monday 30 May 2016 to 6pm Friday 3 June, notices will be distributed from both asxonline.com and beta.asxonline.com for comparative purposes. The related notice distributed from asxonline.com can be found here.