Notice

Covata Limited - DvP Settlement Placement ASX Code: CVTXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
  • Equities
  • Rules
Notice reference number: 0604.16.05
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 Covata Limited.

What do I need to do by when?

Bid Details:

ISIN: AU0000CVTXX7
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: CVTXX holdings to be transformed to CVT by Boardroom Pty Limited
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 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 CVTXX 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 814 051
PMF@asx.com.au

Disclaimer

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