Thursday December 11 2014

News Source: Global Exchanges

Focus: Foreign Investment

Type: General

Country: Australia

Link: http://www.asx.com.au/services/t2.htm




ASX will transition to a T+2 Settlement cycle for cash equities in March 2016.

The transition to T+2 settlement will include the following changes:

  • Cash equities securities as settled via CHESS (including equity securities, ETFs, warrants & structured products)
  • Corporate action ex periods reduced to 2 days (including record date)
  • Batch Settlement cut off extended to 11.30a
  • Maintain the CHESS batch cut-off extension option of 30 minutes
  • Reduce the Payment Provider Authorisation Cut-off to 60 minutes (from 90 minutes)
  • Maintain the final payment settlement at 2.30pm (no change)

More information on these changes will be provided with publication of Technical Specifications in 1st quarter of 2015.

Click link above for further details.