This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement by Bone Medical Limited
Please note the Settlement Date is further extended to 29 June 2016.
ISIN: |
AU0000BNEXX8 |
21 June 2016: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
29 June 2016†: |
Settlement Date |
30 June 2016: |
BNEXX holdings to be transformed to BNE by Automic Registry Services |
Settlement Agent: |
Pershing Securities Australia (PID 01791) |
Contact: |
Will Tracey |
Phone: |
(02) 8999 4094 |
Fax: |
(02) 8999 4070 |
Email: |
Corporate-Actions@pershing.com |
[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 10.30 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.
The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of BNEXX 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.
Cheng Zhang, Officer, Post Trade Operations
Cheng Zhang
1800 623 571
pmf@asx.com.au
During the period 8am Monday 30 May 2016 to 6pm Friday 3 June, notices will be distributed from both asxonline.com and beta.asxonline.com for comparative purposes. The related notice distributed from asxonline.com can be found here.