A high-growth/low-inflation economy and robust political and economic institutions have helped Australia rank as the 14th largest economy in the world and the 4th largest in the Asia Pacific region.
ASX Group offers primary market and trading services through the Australian Securities Exchange, clearing through ASX Clearing Corporation and settlement and depository services through ASX Setttlement Corporation.
ASX Group recognises that its ability to achieve its commercial and operating goals is dependent upon the value its services deliver to customers. This section describes those services.
Underpinning ASX Group's long-term success as a market operator and provider of clearing and settlement services is its ability to reliably and fairly provide high-quality, high-performance systems and processes.
ASX Compliance oversees ASX Group's obligations as a market operator and clearing and settlement facility operator. This section contains all rules, notes and waivers pertaining to markets operated by ASX Group.
A searchable repository of documentation, speeches and announcements relevant to ASX shareholders, market participants, the media, and the general public.Clearing Technology
CHESS
CHESS is an integrated clearing and settlement system for ASX-listed equity securities. CHESS provides Clearing Participants with confirmation that ASX Clearing Corporation's clearing house has accepted the trade for novation and therefore, that the particpant's counterparty risk has been effectively transferred, or novated to, ASX.
More information on CHESS see Settlement Technology and How Settlement Works
Derivatives Clearing System (DCS)
DCS is an integrated clearing system used for clearing derivatives traded on ASX Trade. DCS consists of two primary components:
Central Clearing Component (CCC)
Is operated by ASX and maintains clearing information for each participant including their open positions, margin information, accrued interest and details of trades, allocations, give-ups and take-ups.
Member Clearing Module (MCM)
Is provided by ASX to participants and operates within the participant’s office. MCM serves as the participant’s interface to the clearing system and provides the information and functionality necessary for the participant to effectively manage their clearing business. This includes the ability to manage accounts, commissions (including give-up and take-up commissions), trading details, open interest, deliveries, options exercise and assignment activity, cash flow and margin details at an account and product level. MCM only contains information relevant to the individual participant contains no information about other the derivatives activity of other participants.
SECUR
SECUR provides clearing processing for the derivatives trades generated on ASX Trade24. Similar to DCS, SECUR includes fully redundant host components located in the ASX data centres and gateway modules located at market participant sites.
SECUR provides the processing services associated with clearing house novation of trades, allocation of trade ownership, participant position keeping, SPAN margin calculation, and fee and commission processing. SECUR facilitates automated straight through processing of trades from ASX Trade24, via direct connectivity to participant back office systems.