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Austraclear

Austraclear is Australia's leading settlement system and central securities depository for the wholesale debt market

Austraclear – promoting liquidity and efficiency

The breadth of cash and wholesale physical debt settlement capabilities available through Austraclear makes it an integral part of Australia's financial system.

It is also a major service provider to the Asia Pacific region, particularly through the issuing and settlement of kangaroo bonds.

Austraclear currently services more than 900 participants, holds more than A$2.1 trillion worth of securities, and via a real time link to the Reserve Bank of Australia's RTGS system, settles on average more than A$77.9 billion of transactions per day.

Why choose Austraclear?

Reliable

One of the most established financial networks in Australia, Austraclear has a reputation for providing reliable service and near-perfect system availability. Our systems are designed to minimise operational and settlement risk by reducing or eliminating manual processing and require minimal capital investment to implement.

Regulated

Austraclear is:

  • a licensed clearing and settlement facility under the Corporations Act 2001 (Cth)
  • regulated by ASIC
  • subject to the Reserve Bank of Australia’s Financial Stability Standards, and
  • reviewed annually for compliance with its licence obligations and the Financial Stability Standards.  

Real-time transactions

Austraclear provides seamless delivery versus payment (DvP), ensuring an instant and irrevocable exchange of cash and security ownership. This increases client protection, improves settlement risk mitigation and makes trade administration faster and more cost-effective.

Broad participation

Austraclear has more than 900 participants, representing the majority of the Australian financial market. Participants have access to most Australian banks, building societies, credit unions, nominees, custodians, fund managers, local government councils, insurance companies and major corporations, as well as participants in the energy market.

Austraclear products and services

Austraclear's FATCA and CRS implementation

The Australian and US governments signed an intergovernmental agreement (IGA) in respect of the US Foreign Account Tax Compliance Act (FATCA) on 28 April 2014. To support compliance with these agreements and standards, Austraclear applies a range of criteria and reporting obligations to participants and third parties.

Contact us

Talk to us for more about Austraclear.