Notice

ASX Clear (Futures) - Changes to Intraday Margining thresholds for Wednesday, 9 November 2016 (US Presidential Election) and potential settlement adjustments on Thursday, 10 November 2016

What's this about:
  • ASX 24 Market
  • Clearing
  • Settlement
  • Operations
  • Risk
  • Equity Derivatives
  • Futures
  • Options & ETOs
  • Commodities
  • Rates
Notice reference number: 1329.16.11
Date published: 07/11/16
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 Futures exposures, the following intraday margin thresholds will apply on Wednesday, 9 November 2016.

Dollar Margin Shortfall Threshold

 

9 November 2016 Only

Current

Internal Rating

House

Client

House

Client

A

$4m

$10m

$15m

$35m

B

$4m

$10m

$15m

 $35m

C

$1.5m

$4m

$6m

$14m

D

$1.5m

$4m

$6m

$14m

 

In addition, on Thursday, 10 November 2016 ASX may amend SFE margin settlement amounts for close of business 9 November 2016 to reflect (if material) the results of the previous night trading session.  If amended, settlement amounts will differ from those detailed within the Financial Status of Advice (FSA) for close of day positions as at Wednesday, 9 November 2016.

Clearing Participants will be notified by 9.30am via email of any amendments to their settlement amounts.

What do I need to do by when?

Participants to be aware of the increase likelihood of an intraday margin call during the course of trading day on Wednesday, 9 November 2016 and be prepared to manage an amended settlement amount on Thursday, 10 November 2016 before the 10.30am settlement cut off.

Need more information?

Issued by

William Ward, Manager, Exposure Risk Management

Contact information

1800-198-021
ERMteam@asx.com.au

Disclaimer