Non-ADI Participants of ASX Clear (Futures) (ASXCLF) that are also Participants of ASX Clear (ASXCL) are subject to two sets of capital requirements and are required to submit both the monthly risk based capital liquidity return to ASXCL and the NTA return to ASXCLF.

ASX has reviewed the reporting requirements of such participants and has determined that it is appropriate to only require lodgement of the monthly capital liquidity return, via the granting of a waiver.

ASX Clear (Futures) Pty Limited (“ASXCLF”) grants all non-ADI Clearing Participants that are also participants of ASX Clear Pty Ltd a waiver of:

• ASXCLF Rule 8.4 if the Clearing Participant is a Futures Participant, and/or
• ASXCLF OTC Rule 3.3(b)(ii) (only to the extent that the Clearing Participant does not have to submit a monthly NTA return) if the Clearing Participant is an OTC Participant,

which will exempt these Clearing Participants from having to submit a monthly NTA return, subject to the following conditions:

1.    The Clearing Participant must include the following information normally reported in the NTA return in the additional comments section of the monthly capital liquidity return.

• Net Tangible Assets calculated as per the ASXCLF Rules;
• Net Liquid Assets calculated as per the ASXCLF Rules; and
• Total receivables outstanding for more than 60 days, net of provision for doubtful debts (as per Attachment A – Receivables Analysis in the NTA return).

2.     The Clearing Participant must remain a participant of ASX Clear Pty Ltd.

Note: Participants will still be required to comply with all other financial and notification requirements under the ASXCLF Rules, including the minimum NTA requirement and net liquid assets requirement.

What do I need to do by when?

N/A

Need more information?

Issued by

Colm Grace, General Manager, Clearing Risk Policy and Management

Contact information

Ian Chensen
1800 636 850
CRAteam@asx.com.au

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