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Notice
This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Broker Firm Offer by Westpac Banking Corporation of Westpac Capital Notes 6 (“Notes”).
What do I need to do by when?
Bid Details:
ISIN: |
AU0000030850 |
|---|---|
16 December 2018: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
17 December 2018†: |
Settlement Date |
18 December 2018: |
WBCZZ holdings to be transformed to WBCPI by Link Market Services Pty Ltd |
Settlement Agent: |
Australian Investment Exchange Limited (PID 06381) |
Contact: |
Ryan Evans |
Phone: |
(02) 8254 4694 |
Fax: |
(02) 8254 0795 |
Email: |
[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 WBCZZ 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
Sherly Tatang, Post Trade Operations
Contact information
Sherly Tatang
1800 623 571
pmf@asx.com.au