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.Settlement Technology
ASX employs two main settlement technologies. These are:
The Austraclear System
The Austraclear system provides settlement, depository and registry services for the Australian over-the-counter debt market.
It also facilitates the settlement of the Australian dollar leg of foreign exchange transactions. Benefits of the Austraclear system include providing:
- A secure, efficient and robust environment for processing high-value securities transactions and for the safekeeping of security holdings
- Flexible straight-through processing technologies that allow customers to choose between using an ASX proprietary protocol or the internationally recognised SWIFT protocol
- A range of connectivity options from dedicated proprietary networks to secure internet access
- Configurable reporting screens to monitor trade activity with PDF and CSV formatted reporting to simplify data manipulation and reconciliation.
CHESS
The CHESS is a “name on register” system that provides clearing, settlement, depository and registry services for ASX-listed equity securities at the client account level.
CHESS has a comprehensive customer network, connecting to all major equity market participants including brokers, investment managers, custodians, share registries, settlement agents, banks and institutional investors.
CHESS provides:
- A secure, efficient and robust environment for processing the very high volume of security transactions that occur on the Australian equity market
- Straight-through processing technologies that facilitate trade confirmations, trade allocations, contract notes and settlement advice messaging
- “Delivery versus payment” which is the electronic transfer of title of securities while simultaneously facilitating the irrevocable transfer of money for those securities between participants and their respective banks
- A secure environment for the safekeeping of security holding records and for the calculation and protection of investors’ corporate action entitlements.