Thursday February 18 2016

News Source: Global Exchanges

Focus: Trading Rules

Type: General

Country: Australia

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




ASX will implement a T+2 settlement cycle on Monday 7 March 2016. The transition to T+2 settlement received strong industry endorsement following broad market consultation in 2014, and in February 2016 industry participants confirmed their readiness for the change.

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.