Notice

Speedcast International Limited– DvP Settlement of Retail Shortfall Bookbuild ASX Code: SDAZZ

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1321.16.11
Date published: 04/11/16
Effective as of: 04/11/16
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 Retail Shortfall Bookbuild by Speedcast International Limited

What do I need to do by when?

Bid Details:

ISIN:

AU0000SDAZZ1

25 November 2016:

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

28 November 2016†:

Settlement Date 

29 November 2016:

SDAZZ holdings to be transformed to SDA by Link Market Services Limited

Settlement Agent:

Credit Suisse (Australia) Limited (PID 01104)

Contact: 

Debbie Vick

Phone:

(03) 9280 1604

Fax:

(03) 9914 1604

Email:

debbie.vick@credit-suisse.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 11.30 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 SDAZZ 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, Post Trade Operations

Contact information

Eldon Hernando
1800 623 571
pmf@asx.com.au

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