Operational Procedures & Guidelines

Content Pages (Update)

Updated APG section version to reflect the January 2021 Documentation Release.

Section 03 - Participation in the settlement facility (Update)

1. Updated to remove references and content relating to Corporate Action Entitlement functionality as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

2. Updated the procedures in Section 3.9 Payment Facilities to be a in a tabular format.

Additional details of this change are available here.

Section 04 - Account administration (Update)

Removed "However, participants should be mindful of approaching record dates (where entitlements may need to be paid electronically into a bank account) and submit these as early as possible." from Section 4.5.1 Submitting Bank Account Details for CHESS Holdings for clarity.

Additional details of this change are available here.

Corporate Actions

Schemes of Arrangement Overview (Update)

Updated to remove details pertaining to the processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality. This functionality will no longer be supported. Refer to section 1.14 of ASX’s October 2020 response to consultation feedback for further details.

Corporate Actions Overview (Update)

Updated to remove references and content relating to Corporate Action Entitlement functionality as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

Code Change and Class Mergers

Code Changes Process (Update)

Updated the Security Code Guideline in the Adjusted Settlement Instruction Business Values and Rules table from “Identifies the security that is the target of the Entitlement Election” to “Identifies the security that is the target of the code change”.

Entitlement Elections

Entitlement Elections Overview (Update)

Updated to include an information box detailing that “Entitlement Election functionality is not a part of Day 1 CHESS Replacement Scope. Refer to ASX’s October 2020 response to consultation feedback for further details. All Functional Specification and Messaging content is subject to change in subsequent releases.”

Participant Initiated Entitlement Elections Process (Update)

Participant Initiated Entitlement Election Payment Instruction Process (Update)

Participant Initiated Cancellation of Entitlement Election (Pre-Payment) Process (Update)

Issuer (Registry) Initiated Corporate Action Refund Process (Update)

Issuer (Registry) Initiated Payment for Rejected Applications or Oversubscription Scaleback Process (Update)

Stakeholder Feedback and ASX Response – Electronic Acceptance and Payments for Entitlement Offers (Update)

Takeovers and Buy-backs (Bid Offers)

Takeovers and Buy-backs (Bid Offers) Overview (Update)

Updated to remove details pertaining to the processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality. This functionality will no longer be supported. Refer to section 1.14 of ASX’s October 2020 response to consultation feedback for further details.

Bid Offer Transfer Process (Update)

Bid Finalisation, Lapse and Withdrawal Process (Update)

Controlling Participant Bid Election Process (Update)

1. Updated to remove details pertaining to the processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality. This functionality will no longer be supported. Refer to section 1.14 of ASX’s October 2020 response to consultation feedback for further details.

2. Minor updates to the Business Values and Rules Tables to reflect the User Guidelines:

   • Updated the Corporate Action Election Unit Quantity ISO 20022 Element from “Instructed Quantity / Quantity / Unit” to “Securities Quantity or Instructed Amount / Quantity / Unit”.

   • Updated the Corporate Action Election Status Advice Holding Balance ASX Element Name from “Acceptance Balance” to “Accepted Balance”.

   • Updated the Corporate Action Election Status Advice Rejection status ASX Element Name from “Rejection” to “Rejected” and the ISO 20022 Element from “Rejected” to “No Reason”.

   • Updated the Offeror Rejection and Controlling Participant Acceptance and Rejection Corporate Action Election Status Advice Transaction Id ASX Element Name from “Target Transaction Id” to “Transaction Id”.

Offeror Initiated Bid Election Process (Update)

Controlling Participant Bid Withdrawal Process (Update)

1. Updated to remove details pertaining to the processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality. This functionality will no longer be supported. Refer to section 1.14 of ASX’s October 2020 response to consultation feedback for further details.

2. Minor updates to the Business Values and Rules Tables to reflect the User Guidelines:

   • Updated the Corporate Action Election Cancellation Corporate Action Event Id ASX Element Name from “Corporate Action ID” to “Corporate Action Event Id”.

   • Updated the Corporate Action Election Status Advice Holding Balance ASX Element Name from “Acceptance Balance” to “Accepted Balance”.

   • Updated “Instruction Processing Status <InstrPrcgSts>” to “Instruction Cancellation Request Status <InstrCxlReqSts>” in the Corporate Action Election Status Advice Processing Status sections.

Offeror Initiated Bid Withdrawal Process (Update)

Payment Facilities

Payment Facilities Overview (Update)

Updated to remove references and content relating to Corporate Action Entitlement functionality as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers). This also includes the removal of references to the CAEN Payment Facility Sub-type and Corporate Action Payments Participant.

Payment Facilities Changes (Update)

Create Payment Facility Process (Update)

Update Payment Facility Process (Update)

Cancel Payment Facility Process (Update)

Update Payment Provider Process (Update)

Stakeholder Feedback and ASX Response – Payment Facilities (Update)

Updated to include an information box detailing that “Entitlement Election functionality (including Corporate Action related payments) is not a part of Day 1 CHESS Replacement Scope. Refer to ASX’s October 2020 response to consultation feedback for further details. All Functional Specification and Messaging content is subject to change in subsequent releases.”

Payment Provider Authorisation for RTGS Payments Overview (Update)

1. Updated to remove references and content relating to Corporate Action Entitlement functionality as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

2. Updated terminology to reflect the change above.

Payment Provider Authorisation for RTGS Payments Process (Update)

Stakeholder Feedback and ASX Response – Australian Payments Network Equity Settlement Payment Provider Sub-Committee (ESPPSC) (Update)

Updated to include an information box detailing that “Entitlement Election functionality (including Corporate Action related payments) is not a part of Day 1 CHESS Replacement Scope. Refer to ASX’s October 2020 response to consultation feedback for further details. All Functional Specification and Messaging content is subject to change in subsequent releases.”

Batch Settlement

Stakeholder Feedback and ASX Response – Australian Payments Network Equity Settlement Payment Provider Sub-Committee ESPPSC (Update)

DRP/BSP Election and Distribution Advice Notification

Controlling Participant Initiated DRP/BSP Election Process (Update)

1. Updated the Rejection field in the Corporate Action Election Status Advice Business Values and Rules tables:

   • Updated the ASX Element Name from “Rejection” to “Rejected”.

   • Replaced the ISO 20022 Element of the Rejection field from “No Reason” to “Reason / Identification”.

   • Replaced the Guideline to include the updated rejection reason code list. Previously this was “No Reason (NORE)” only.

2. Updated “share” and “unit” terminology to “security” terminology.

DRP/BSP Election Enquiry Process (Update)

Updated “share” and “unit” terminology to “security” terminology.

Distribution Advice Notification Process (Update)

1. Updated “share” and “unit” terminology to “security” terminology.

2. Clarified the Guideline of the Reinvestment attribute from “Identifies/Indicates the price paid…” to “Identifies/indicates the price applied…”

Collateral Management

Collateral Management Process - Removal for ETO (Update)

Updated the Step 3 API Contract to include “[Also observable ETO Clearing Participant where the Controlling Participant is not the ETO Clearing Participant]”.

Collateral Removal by ASX Clear Process (Update)

Updated Step 3 to include the API Contracts “CollateralManagement.CollateralMovement (CollateralMovement)” and “CollateralManagement.CollateralMovement (CollateralMovement) [Archived]”.

Accounts

Account Cancellation Overview (Update)

Updated to remove references and content relating to Corporate Action Entitlement functionality as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

Account Cancellation Process (Update)

ISO 20022 Messaging

ISO 20022 Messaging - Message Catalogue (MC) (Update)

Updated the following Messaging Catalogue pages to include an information box detailing that “Entitlement Election functionality is not a part of Day 1 CHESS Replacement Scope. Refer to ASX’s October 2020 response to consultation feedback for further details. All Functional Specification and Messaging content is subject to change in subsequent releases.”:

• ISO 20022 Messaging - MC - Entitlement Elections

• ISO 20022 Messaging - MC - Participant Initiated Entitlement Elections

• ISO 20022 Messaging - MC - Participant Initiated Cancellation of Entitlement Election (Pre-Payment)

• ISO 20022 Messaging - MC - Participant Initiated Entitlement Elections Payment Instruction

• ISO 20022 Messaging - MC - Issuer (Registry) Initiated Payment for Rejected Applications or Oversubscription Scaleback

ISO 20022 Messaging - TM - Business Error Code List (Update)

Updated: ISO 20022 Messaging - TM - Business Error Code List

The Business Error Code list has been updated to include the following revisions:

• Added entry for the following reason codes; 1203; and

• Updated entry for the following reason code; 1200 to include Reporting (rptg_601).

Environments

Technical Accreditation (Update)

These release notes detail the scope of the ninth release of technical accreditation information. Release 9 focuses on:

• Message accreditation scripts for mFund Applications, Redemptions and Investor Data and Foreign Tax; and

Updated: CHESS User by Feature, Message

• Added mFund Applications, Redemptions and Investor Data and Foreign Tax to the CHESS User by Feature, Message table.

• Updated to remove the Corporate Action Payments Participant column as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

Updated: Messaging Accreditation Scripts

• Updated Messaging Accreditation Scripts to support mFund Applications, Redemptions and Investor Data and Foreign Tax.

Release Notes

Release Notes 2021 (NEW)

Updated to simplify navigation and page tree view by including new parent categories for release notes (by year).

Release Notes 2020 (NEW)

Release Notes 2018-2019 (NEW)

Forward Release Plan (Update)

• NEW columns for CDE Uplift and CDE mFund releases.

  • A new code release for ‘CDE Uplift’ to improve the stability of the development environment and provide for longer testing. At the same time, ASX will introduce additional on-demand reports and test tools to support Participants and (Issuer) Registry testing. Further details will be provided at the end of February 2021.

  • As communicated at the I&T working group on 16 December 2020, ASX is able to bring forward delivery of the remaining mFunds functionality. This code will now be available for development and testing in a new ‘CDE mFund’ specific release in mid-April 2021.

• Updated Release 10 column to clarify CDE 10 scope. This includes the changes to ‘netting and settlement’ consultation with the market as well as the removal of remaining mFunds functionality. CDE 11 scope remains unchanged and focuses on the new scope to be included for Day 1.

• Updated to include further clarity on remaining Report delivery. This includes the following:

  February 2021 (CDE uplift):

  • Holding Balance (HBAL);

  • Holding Subposition Balance (HSBL).

  April 2021 (CDE mFund):
  Holding Movement (HMVT);

  • Account Notification Report (ACNT);

  • Cum Entitlement Movement (CEMV).

  September 2021 (CDE11) (dependent on outcomes from the consultation relating to netting and settlement functionality):

  • Payment Provider Projections;

  • Counterparty Funds Balance (CFBL).

CHESS User by Function (Update)

Updated to remove the Corporate Action Payments Participant column and Corporate Actions - Election & Payment for Exercises row as they pertain to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

ISO 20022 Business Application Header Additional Information

Sample Signed and Unsigned XML Message (Update)

Updated to correct typo from “this references the element it is nested within; node the <AppHdr>” → “this references the element it is nested within; note the <AppHdr>”.

CHESS User Interface Connectivity

CHESS UI - Payment Provider Authorisation (Update)

Updated to remove references and content relating to Corporate Action Entitlement functionality as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

Testing

Collateral Creation / Removal (Update)

Updated to clarify the behaviour of Different UIC for Controlling and Clearing Participant Collateral Removal when leveraging UIC 01112.

Frequently Asked Questions (FAQs)

FAQs - Implementation and Transition (Update)

Updated to include I&T working group 16 December 2020 – webinar questions and answers.

Glossary Terms

Lists and defines terms used in technical documentation and the APG. This glossary is for general guidance only. It does not amend or replace any definitions used in any ASX rulebooks.

Updated the following term and definition:

• RTGS Payment.

Updated to remove the following term and definition:

• Corporate Action Payments Participant.