Thursday March 26 2015

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 in March 2016.

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

  1. Cash equities securities as settled via CHESS (including equity securities, ETFs, AGBs, warrants & structured products)
  2. Corporate action ex periods reduced to 2 days (including record date)
  3. Batch Settlement cut off extended 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)
  • Maintain the final payment settlement at 2.30pm (no change)

In relation to the above, ASX has published an updated T+2 Settlement Business & Technical Overview document. The document covers Trade, Post Trade and Corporate Action changes planned by ASX to implement T+2 Settlement.

Click on the link above for further details.