Notice

CommBank PERLS X Capital Notes – DvP Settlement of Initial Public Offer Code: CBAXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0241.18.03
Date published: 12/03/18
Effective as of: 12/03/18
Last updated: 12/03/18

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Initial Public Offer of CommBank PERLS X Capital Notes.

What do I need to do by when?

Bid Details:

ISIN:

AU0000003279

4 April 

2018:

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

5 April 2018†:

Settlement Date 

6 April 2018:

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

Settlement Agent:

Commonwealth Securities Limited (PID 01402)

Contact: 

Danny Truong

Phone:

+61292807363

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

Chris Mitchell, Post Trade Operations

Contact information

Chris Mitchell
1800 623 571
pmf@asx.com.au

Disclaimer