Notice

Strike Energy Limited – DvP Settlement of Placement ASX Code: STXXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1219.18.10
Date published: 26/10/18
Effective as of: 26/10/18
Last updated: 26/10/18

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement by Strike Energy Limited.

What do I need to do by when?

Bid Details:

ISIN:

AU0000028045

29 October 2018:

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

30 October 2018:

Settlement Date 

31 October 2018:

STXXX holdings to be transformed to STX by Boardroom Pty Limited

Settlement Agent:

Morrison Securities Pty Limited (PID 01089)

Contact: 

David Harjito

Phone:

(02)  8114 2211

Email:

morrison.admin@morrisonsecurities.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 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 STXXX 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?

Sherly Tatang, Post Trade Operations

Contact information

Sherly Tatang
1800 623 571
pmf@asx.com.au

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