Notice

UPDATED: Sky and Space Global Ltd – DvP Settlement of Placement ASX Code: SASXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0984.19.09
Date published: 01/10/19
Effective as of: 01/10/19
Last updated: 01/10/19

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement ASX Code: SASXX

 

What do I need to do by when?

Updated: Settlement date is 11 October 2019 

Bid Details:

ISIN:

AU0000058216

10 October 2019:

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

11 October 2019:

Settlement Date

14 October 2019:

SASXX holdings to be transformed to SAS by COMPUTERSHARE INVESTOR SERVICES PTY LTD

Settlement Agent:

Finclear Pty Ltd (PID 01822)

Contact: 

Stephanie McCormick

Phone:

(03) 9081 3409


[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 SASXX 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

Vinh Tran, Equity Operations

Contact information

Equity Operations
1800 814 051
CHESSHelp@asx.com.au

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