Notice

Swift Networks Group Limited– DvP Settlement of Placement ASX Code: SW1XX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1335.16.11
Date published: 09/11/16
Effective as of: 09/11/16
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 Placement by Swift Networks Group Limited

What do I need to do by when?

Bid Details:

ISIN:

AU0000SW1XX2

14 November 2016:

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

15 November 2016†:

Settlement Date　

16 November 2016:

SW1XX holdings to be transformed to SW1 by Automic Registry Services

Settlement Agent:

Hartleys Limited (PID 06086)

Contact:　

Donna Beaton

Phone:

(08) 9268 2803

Fax:

(08) 9268 2800

Email:

donna_beaton@hartleys.com.au


[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 SW1XX 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

Nehali Dani, Officer, Post Trade Operations

Contact information

Nehali Dani
1800 623 571
pmf@asx.com.au

Disclaimer