Notice

Allocation of US settlement bank investment losses under the ASX Recovery Rules

What's this about:
  • ASX 24 Market
  • ASX Market
  • Commodities
  • Equity Derivatives
  • Rates
  • Clearing
  • Operations
  • Rules
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  • Risk
  • Loss allocation; ASX Recovery Rules; overnight margining; USD; US settlement banks
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Notice reference number: 1164.22.10
Date published: 24/10/22
Effective as of: 01/11/22
Last updated: 20/03/26
In February 2022, ASX released a Consultation Paper seeking comments on proposed changes to the ASX Recovery Rules to allocate US settlement bank investment losses between the ASX CCPs and their clearing participants. ASX published a response to feedback received on the Consultation Paper in August 2022. Since then, the amended ASX Recovery Rules and Handbook have received regulatory clearance from ASIC. The effective date is 1 November 2022

For a copy of the final ASX Recovery Rules and Handbook amendments refer to Attachment A.

For a copy of the final Client Fact Sheet refer to Attachment B. This will be available on the ASX website from 1 November 2022.

What do I need to do by when?

No action is required.

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Issued by

Candice Trevenna,
Head of Derivatives Clearing Services

Contact information

Candice Trevenna
(02) 9227 0595
candice.trevenna@asx.com.au

Disclaimer