Notice

Bendigo and Adelaide Bank – DvP Settlement of Securityholder Offer ASX Code: BENXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1174.17.10
Date published: 25/10/17
Effective as of: 25/10/17
Last updated: 25/10/17

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Securityholder Offer of Bendigo and Adelaide Bank

What do I need to do by when?

Bid Details:

ISIN:

AU0000BENXX8

11 December

2017:

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

12 December 2017†:

Settlement Date 

13 December 2017:

BENXX holdings to be transformed to BENPG by Bendigo and Adelaide Bank Limited

Settlement Agent:

Australian Investment Exchange Limited (PID 06381)

Contact: 

Ryan Evans

Phone:

02 8254 4694

Fax:

N/A

Email:

ryanevans@westpac.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 BENXX 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

Cheng Zhang, Post Trade Operations

Contact information

Cheng Zhang
1800 623 571
pmf@asx.com.au

Disclaimer