This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Initial Public Offer by Island Pharmaceuticals Limited.
Bid Details:
ISIN: |
AU0000138901 |
---|---|
29 March 2021: |
Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1] |
30 March 2021: |
Settlement Date |
31 March 2021: |
ILAZZ holdings to be transformed to ILA by Automic Registry Services |
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.
The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of ILAZZ 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.
Darren Tay, Equity Operations
Equity Operations
1800 814 051
pmf@asx.com.au