On 3 August, ASX hosted and Implementation and Transition webinar. The Q&A, presentation materials & recording are available here.
On 3 August, ASX issued a CHESS Replacement project update to the market confirming a delay to the project schedule and the commissioning of Accenture to provide an independent review of the new CHESS application software. The review will identify necessary actions for ASX to communicate a revised timetable to finish the project and help determine a go-live date with confidence. Based on the current information, we do not expect that the go-live date for CHESS replacement could be before late 2024. The full project update is available here.
On 1 August, released code drop 3 (referred to as v1.3) to the Industry Test Environment (ITE1) to support the software provider readiness phase of industry testing. This release includes the release candidate for initial accreditation phase, re-instates change of controlling participant and class mergers, CHESS UI new screens for payment providers, VMware ledger upgrade (1.5) – including ledger API error codes, new AMO functionality for password change, corporate actions enabled for testing; and new ITE1 tools plus other updates. Release notes providing full details can be found here.
On 29 July, ASX published updates to technical documentation including new documentation for software provider accreditation, ITE test tool updates, CHESS user ITE2 onboarding page updates, operational readiness, cutover & and general documentation amendments. Release notes providing full details can be found here .
On 27 July, ASX hosted a Software Provider Readiness working group. The Q&A and presentation materials are available here.
On 20 July, ASX published an information paper setting out the considerations and assessment by ASX to cutover from current CHESS to the CHESS replacement system, and to global standard message sets (including ISO 20022 and FIX, both from CHESS proprietary format message) using a risk-mitigated single cutover approach.
On 13 July, ASX published the second independent expert report on the assessment of ASX’s Assurance Program for the implementation of the CHESS Replacement Program providing an update on the status of the remedial actions.