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Notice
On 27 February 2017, ASX will launch extended hours OTC Clearing and MarkitSERV Netting Synchronisation functionality. Minor ASX OTC Handbook amendments have been made in support of these changes, a summary of these are listed below:
The ASX OTC Clearing Service will be available from Monday to Friday between 12:01am and 11:45pm AEST/AEDT and on Saturdays between 12:01am and 7:00am AEST/AEDT.
Backloaded trades definition changed from 2 business days to 4 business days.
The amendments to the OTC Handbook outlined in this notice are available here.
ASX has added additional staff in the ASX London office to provide local and on-call support to customers who utilise ASX’s OTC Clearing Service during the new extended clearing hours.
Backloading of OTC transactions will continue to be available Monday to Friday between 8am and 6pm AEST/AEDT.
What do I need to do by when?
Extended Hours: OTC Participants can begin clearing new OTC trades during the new clearing hours from 27 February.
Netting Synchronisation: OTC Participants seeking to activate MarkitSERV Netting Synchronisation for their account should contact ASX as this is an optional service.
Need more information?
Issued by
Allan McGregor, Senior Manager, Rates
Contact information
Allan McGregor
+61 (02) 9227 0814
allan.mcgregor@asx.com.au