Notice

Corporate Travel Management Limited – DvP Settlement of Shortfall Placement ASX Code: CTDXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0058.17.01
Date published: 19/01/17
Effective as of: 19/01/17
Last updated: 20/03/26

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support Shortfall Placement of Corporate Travel Management Limited

What do I need to do by when?

Bid Details:

ISIN:

AU0000CTDXX5

20 January 2017:

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

23 January 2017†:

Settlement Date　

24 January 2017:

CTDXX holdings to be transformed to CTD by Computershare Investor Services Pty Ltd

Settlement Agent:

Morgans Financial Limited (PID 04064)

Contact:　

Suzie Marshall

Phone:

(07) 3334 4808

Fax:

(07) 3834 0815

Email:

suzie.marshall@morgans.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 CTDXX 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

Cheng Zhang, Post Trade Operations

Contact information

Cheng Zhang
1800 623 571
pmf@asx.com.au

Disclaimer