Notice

CV Check Limited - DvP Settlement Placement ASX Code: CV1XX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
  • Rules
  • Equities
Notice reference number: 0603.16.05
Date published: 31/05/16
Effective as of: 31/05/16
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 Placement by CV Check Limited.

What do I need to do by when?

Bid Details:

ISIN: AU0000CV1XX1
01 June 2016: Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP  Settlement between the two parties[1]
02 June 2016†: Settlement Date 
03 June 2016: CV1XX holdings to be transformed to CV1 by Elite Registries Pty Ltd
Settlement Agent:
 Pershing Securities Australia (PID 01791)
Contact:  Will Tracey
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 9.30 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 CV1XX 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
Post Trade Operations, 1800 623 571, pmf@asx.com.au

Disclaimer

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