Notice

Updated - Commonwealth Bank of Australia – DvP Settlement of Broker Firm Offer Code: CBAXX - Correction to Allotment date

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0221.21.02
Date published: 25/02/21
Effective as of: 25/02/21
Last updated: 26/02/21

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Broker Firm Offer of Commonwealth Bank of Australia. 

What do I need to do by when?

Bid Details:

ISIN:

AU0000137770

30 March 2021:

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

31 March 2021:

Settlement Date　

1 April 2021:

CBAXX holdings to be transformed to CBAPJ by Link Market Services Limited

Settlement Agent:

Commonwealth Securities Limited (PID 01402)

Contact:

Danny Truong

Phone:

+612 8388 5434

Fax:

1300 13 15 19

Email:

floats-ops@cba.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 CBAXX 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

 

Rebecca Hayes, Equity Operations

Contact information

Equity Operations
1800 814 051
pmf@asx.com.au

 

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