Updates to ASX Clearing & Settlement Schedule of Fees – effective date for introduction of optional HIN pricing – subscription model for the creation, modification or cancellation of sponsored HINs in CHESS via EIS 201 and 203

What do I need to do by when?

ASX will introduce an optional HIN pricing subscription model in Q3 2024, aimed to support sponsoring participants who have transitioned their investors to a communication preference of email, resulting in the issue of electronic statements, rather than paper statements. The HIN pricing model is offered on a per active HIN subscription basis with monthly invoices, for the creation, modification or cancellation of sponsored Holder Identification Numbers (HINs) in CHESS via EIS 201 and EIS 203 messages. Sponsoring participants must follow an opt-in process to use the model.

The ASX Clearing & Settlement Schedule of Fees will be updated with the new product codes (‘04900268’ and ‘04900269’) setup to support the new HIN pricing model.  Sponsoring participants who do not opt-in to the new model will continue to be subject to fees per product code ‘04900075’.

Where can I find more information?

For an example application of the HIN pricing subscription model in comparison to the current fee structure, refer to the Issuer Services: HIN Pricing - Subscription model Information Paper released in December 2023.

The ASX Clearing & Settlement Schedule of Fees has been marked up with the new product codes (‘04900268’ and ‘04900269’) setup to support the new HIN pricing model.

ASX will provide a further update by market notice and email communication in July 2024 to confirm the availability of the new model, and opt-in process.

Need more information?

Please contact the Issuer Services team by email at issuers@asx.com.au if  you have any queries relating to the new optional HIN pricing
subscription model.

Issued by

Karen Webb, Head of Issuer Services;

Resan Ovat, Senior Manager – Issuer Services

Contact information

issuers@asx.com.au

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