Notice

ASX Clear - Changes to Intraday Margining arrangements for Wednesday, 9 November 2016 (US Presidential Election)

What's this about:
  • ASX Market
  • Clearing
  • Operations
  • Risk
  • Equities
  • Equity Derivatives
  • Options & ETOs
  • Intraday Margining
  • US Presidential Election
Notice reference number: 1323.16.11
Date published: 04/11/16
Effective as of: 09/11/16
Last updated: 20/03/26

In relation to the United States Presidential Election on Tuesday, 8 November 2016 (Wednesday, 9 November Australian time) and the potential impact this may cause on market volatility and ASX Clear exposures, the following arrangements will apply on Wednesday, 9 November 2016.

Intra-day margin runs will be made during the course of the trading day. The latest time for notification of intra-day margin calls will be approximately 3.00pm to be settled by 4.00pm. The intraday margin threshold for all intraday runs will be set at a substantially lower level than currently. A separate market notice setting out this threshold will be sent out on Monday, 7 November 2016.

Clearing participants are also reminded, Additional Initial Margins (AIMs) can be imposed on clearing participants, at the discretion of ASX Clear to provide additional cover for potential significant market movements.

What do I need to do by when?

ASX will keep participants informed of any developments during the course of trading on Wednesday, 9 November 2016.                                              

Need more information?

Issued by

William Ward

Manager, Exposure Risk Management

Contact information

Phone: 1800-198-021
email: ERMteam@asx.com.au

Disclaimer