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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 & Placement by IOOF Holdings Limited.
What do I need to do by when?
Bid Details:
ISIN: |
AU0000102998 |
|---|---|
04 September 2020: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
07 September 2020: |
Settlement Date |
08 September 2020: |
IFLXX holdings to be transformed to IFL by Boardroom Pty Limited |
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.
CHESS Charges
The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of IFLXX 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
Janette Torres, Equity Operations
Contact information
Equity Operations
1800 814 051
pmf@asx.com.au