Notice

ASX 90 Day Bank Bill Cash Settlement Operating Rules and Settlement Fees

What's this about:
  • ASX 24 Market
  • Clearing
  • Settlement
  • Trading
  • Interest Rate Futures
  • Compliance
  • Operations
  • Product
  • Rules
  • 90 Day Bank Bill Futures
  • cash settlement
  • operating rules
  • regulatory clearance
  • Show more
Notice reference number: 0347.20.04
Date published: 20/04/20
Effective as of: 20/04/20
Last updated: 20/04/20

As previously notified in market notice 0277.20.04 ASX is transitioning the 90 Day Bank Bill Futures from deliverable at expiry to cash settled, commencing with the September 2020 contract month.

This notice is to advise market participants that we have received regulatory clearance for the 90 Day Bank Bill Futures cash settlement rules.  Please refer to the attached document for the Operating Rules and Procedures.  These Rules come into effect today and apply to the September 2020 futures contract month and all subsequent expiry months.

Exchange Fees

Participants are advised that the following fee changes will take effect for the September 2020 contract month and all subsequent expiry months:

Fee Type

June 2020 Contract (Deliverable)

September 2020 and subsequent expiries (Cash Settled)

Mandatory Settlement

Not applicable

AUD 0.90 per contract per side

Delivery

AUD 2.00 per contract per side

Not applicable

There is no change to the Exchange Headline, Option Exercise, EFP or Block Trade fees.

What do I need to do by when?

Participants and vendors should ensure readiness for the transition to cash settlement commencing with the September 2020 Futures expiry month.

Need more information?

Issued by

Kristye van de Geer
Senior Manager, Interest Rate Products

Contact information

Kristye van de Geer
+61 (02)  9227 0130
kristye.vandegeer@asx.com.au

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