ASX Clear is the clearing house for Australia’s equity markets, including cash equities and equity options.
- has a ‘AA-’ long-term credit rating from Standard & Poors’
- is regulated by Australia’s central bank (Reserve Bank of Australia) and securities regulator (Australian Securities and Investments Commission)
- complies with the CPMI-IOSCO Principles for Financial Market Infrastructures and Australian Financial Stability Standards
- is recognised as a ‘Qualifying CCP’ under the prudential standards applicable to Australian banks set by Australia’s banking regulator (Australian Prudential Regulation Authority).
ASX Clear is authorised to clear transactions for certain customers located in a number of jurisdictions, including the EU and United States.
ASX Clear is currently the sole provider of clearing services for Australia’s equity markets, and has made a number of commitments to customers of its cash equities clearing services which are set out in a Code of Practice.
The Board of ASX Clear is made up of 3 directors from ASX Limited and 3 non-ASX Limited directors. The Chair is a non-ASX Limited director. The non-ASX Limited directors can form a quorum to consider any conflict or commercially sensitive matters for listing and trading venues concerning their clearing arrangements with ASX Clear. The directors of ASX Clear are listed below.