Notice

Update - Azure Minerals Limited - DvP Settlement of Placement ASX Code: AZSXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0596.16.05
Date published: 30/05/16
Effective as of: 30/05/16
Last updated: 30/05/16

Update - This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement by Azure Minerals Limited (AZSXX)

Please note the Settlement Date is extended to 30 May 2016.

What do I need to do by when?

Bid Details:

ISIN: AU0000AZSXX4
27 May 2016: Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties [1]
30 May 2016†: Settlement Date 
31 May 2016: AZSXX holdings to be transformed to AZS by Computershare Investor
Services Pty Ltd
Settlement Agent:
 Patersons Securities Limited (PID 06776)
Contact:  Angela Hartman
Phone: (08) 9263 1661
Fax: (08) 9325 5123
Email: ahartman@psl.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 AZSXX 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

Disclaimer

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