Notice

UPDATE - NickelX Limited - DvP Settlement of Tranche 2 Placement ASX Code: NKLYY

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1109.22.10
Date published: 12/10/22
Effective as of: 12/10/22
Last updated: 29/11/22

 

UPDATE - DATES UPDATED

 

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Tranche 2 Placement by NickelX Limited.

What do I need to do by when?

Bid Details:

ISIN:

AU0000244808

02 December 2022:

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

05 December 2022:

Settlement Date 

06 December 2022:

NKLYY holdings to be transformed to NKL by Automic Registry Services

Settlement Agent:

Finclear Pty Ltd (PID 01822)

Contact: 

Sam Carling

Phone:

(02) 8039 6004


[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 NKLYY 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

Beverley Faux, Equity Operations

Contact information

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

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