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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 Institutional Entitlement Offer by Saracen Mineral Holdings Limited.
What do I need to do by when?
Bid Details:
ISIN: |
AU0000065567 |
|---|---|
25 November 2019: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
26 November 2019: |
Settlement Date |
27 November 2019: |
SARXX holdings to be transformed to SAR by Computershare Investor Services Pty Ltd |
Settlement Agent: |
Goldman Sachs Australia Pty Ltd (PID 03614) |
Contact: |
Taylor Duong |
Phone: |
(02) 9321 8966 |
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 SARXX 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.
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Issued by
Darren Tay, Equity Operations
Contact information
Equity Operations