Settlement Facilitation Service
ASX’s Settlement Facilitation Service provides settlement arrangements for unaffiliated Approved Listing Market Operators (ALMOs) in respect of the CHESS-eligible financial products listed on their markets. There are two options for the settlement arrangements:
- A Transfer Facilitation Service where CHESS-eligible ALMO-listed financial products can be transferred in real-time by ASX Settlement participants through CHESS. Payment is handled bilaterally by participants outside of CHESS or
- A DvP Facilitation Service where CHESS-eligible ALMO-listed financial products can be settled on a delivery versus payment (DvP) basis by ASX Settlement participants through the CHESS settlement batch.
ASX Settlement has also put in place arrangements for unaffiliated ALMO-listed issuers to access the following services:
- The ASX Primary Market Facility, which provides ALMO‑listed issuers with DvP settlement services for certain capital raisings, and
- A Corporate Actions Service, whereby corporate actions for CHESS-eligible ALMO listed financial products can be processed through the settlement facility.
ASX provides the Transfer Facilitation Service, the DvP Facilitation Service, the ASX Primary Market Facility and the Corporate Actions Service to the Sydney Stock Exchange (SSX) and National Stock Exchange of Australia Limited (NSX).
If you are interested in being provided with settlement arrangements under the Settlement Facilitation Service, please contact Karen Webb, Senior Manager, Equity Post Trade Services, on +61 2 9227 0445 or email.