Participant
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Information Services
AMO
Notice
ASX Market Participants and ASX Clear Participants are advised that on Wednesday 23 November 2016 amendments to ASX Clear Operating Rules and Procedures will be made introducing an OTC Options Wholesale Client Agreement.
The purpose of introducing an OTC Options Wholesale Client Agreement is to streamline paperwork requirements for institutional customers and to provide certainty regarding the terms applicable to transactions in OTC Options.
Please note the amendments also make it clear that “US Persons” may not transact in OTC options cleared by ASX.
What do I need to do by when?
Participants should review the changes to the ASX Clear Operating Rules and Procedures including the accompanying OTC Options Wholesale Client Agreement and where appropriate inform their clients.
Participants whose client agreements contain the Derivatives Client Agreement Minimum Terms in Schedule 5 of the ASX Clear Operating Rules will need to provide those clients with a copy of the new term (clause S5.17 Client Acknowledgement) that is being added to those minimum terms. This should be provided as soon as practicable.
Need more information?
Issued by
Gregory Pill – Manager, Equity Derivatives
Contact information
Gregory Pill
+61 (02) 9227 0696
greg.pill@asx.com.au