This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Institutional Placement by Afterpay Limited.
ISIN: |
AU0000094898 |
---|---|
09 July 2020: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
10 July 2020: |
Settlement Date |
13 July 2020: |
APTXX holdings to be transformed to APT by Computershare Investor Services Pty Ltd |
Settlement Agent: |
Citicorp Nominees Pty Limited (PID 20018) |
Contact: |
Alex Hatcher |
Phone: |
+61 2 8225 2677 |
Email: |
alex.hatcher@citi.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.
The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of APTXX 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.
Janette Torres, Equity Settlement Operations
Equity Settlement Operations