Friday March 4 2016
News Source: Global Exchanges
Focus: Holidays and Opening Hours and suspensions
Type: General
ASX will transition to a T+2 Settlement cycle for cash equities on 7 March 2016.
The transition to T+2 settlement will include the following changes for cash equities:
T+2 settlement (trade date + 2 settlement days) for cash equities securities as settled via CHESS (including ordinary shares, units, bonds, hybrids, CDIs, exchange-traded Australian Government Bonds (AGBs) , exchange-traded products (including ETFs), warrants and instalments).
Corporate action ex periods reduced to 2 days (including ex date and record date)
Batch Settlement cut off amended to 11.30am
- Maintain the CHESS batch cut-off extension option of 30 minutes
- Reduce the Payment Provider Authorisation Cut-off to 60 minutes (from 90 minutes)
Click on the link above for further details.