October 2019 - Documentation Release Notes (Part II)

Created by ASX3
Nov 04, 2019

Table of Contents


Document Release 5 (Part II)

These release notes detail the scope of the fifth tranche of technical documentation, released in October 2019 (Document Release 5 Part II).

It includes additional functional specifications, messaging requirements and updates to some areas of functionality from the prior release (including updated connectivity documentation). Full details are provided below. Updates to previously published functionality or corrections have been identified in orange on relevant pages.

Please note that the content of this release reflects a revised Forward Release Plan split in two parts. This includes functionality to be made available in CDE 6 for February 2020 and CDE7 for May 2020.

September Release - Part I (Release Notes)

October Release - Part II comprises of:

New documentation:

  • Issuer Agent's Transfer (Warrants)
  • Corporate Actions
    • Reconstructions Lifecycle
    • Rights Issue Lifecycle

Due to Focus Group and Technical Committee feedback, Give-ups/Take-ups and Early Settlements have been descoped from Day 1. For further information, refer to the below Release Note Updates.

A full archive of content prior to Documentation Release 5 (Part II) is available here for reference.



Functional Specifications 

FunctionDescriptionRelease Notes
Warrants (Issuer's Agent Transfer) (NEW)An outline of Warrants (Issuer's Agent Transfer) process.Documentation Release 5 (Part II) includes an overview of Warrants (Issuer's Agent Transfer). The document outlines Issuer's Agent Transfer scenarios where Issuer's Agent Transfer parties may receive messages from the CSP. It also details the changes between current CHESS and the new CSP.
Approved Market Operator (AMO) (NEW)A page that brings together all relevant Approved Market Operator (AMO) documentation.Documentation Release 5 (Part II) includes an reference document for Approved Market Operators (AMOs). The document provides links to FIX Connectivity and Messaging documentation.
Corporate Actions OverviewReconstruction Lifecycle (NEW)Documentation Release 5 (Part II) includes a timeline view of a Reconstruction Corporate Action.
Rights Issue Lifecycle (NEW)Documentation Release 5 (Part II) includes a timeline view of a Rights Issue Corporate Action.
Off-Market Takeovers and Off-Market Buy-backs (Bid Offers) Lifecycle (Update)Updated corporate action lifecycle diagram "Takeovers' section to include 'Following this, the Offeror may transfer units."
AccountsAccount and Holder Modification Overview (Update)Updated note regarding the information sent to the Issuer (Registry) when a "Electronic" communication preference is selected.
Account and Holder Creation Process (Update)Updated Business Values and Rules table alignment of ISO20022 element for Holder Status to Joint Owner / Additional Information / Status / Proprietary / Identification.
Account and Holder Modification Process (Update)Updated Business Values and Rules table alignment of ISO20022 element for Holder Status to Joint Owner / Additional Information / Status / Proprietary / Identification.
Takeovers and Buy-backs (Bid Offers)Bid Offer Transfer Process (Update)Updated Business Values and Rules table alignment of ISO20022 elements for Holding Adjustment Notification (hold_226) Transaction Id from Account Owner Document Identification → Account Servicer Document Identification.



Messaging

DocumentDescriptionRelease Notes
FIX Messaging




FIX Messaging - TM - EIS to FIX Cross Reference Guide

NEW: FIX Messaging - TM - EIS to FIX Cross Reference Guide

A new Cross Reference Guide has been added to include EIS to FIX message entries.

FIX Messaging - MC - Common Message Structure (Update)

The following pages has been added:

The following pages have been updated: 

The following updates have been made:

  • Updated FIX messaging pages to include general hyperlink updates as well as hyperlinks to Common Message Structure elements including Standard Header and Trailer fields.
  • Updated name of Reject and Business Message Reject messages to provide consistency within Messaging pages For example: Reject (Type 3).
  • For FIX Message Reject (Type 3), additional valid values have been updated for SessionRejectReason

FIX Messaging - MC - Trade Capture (Update)

FIX Messaging - MC - AMO Pricing Data (Update)

The following pages have been updated:

The following updates have been made:

  • Updated FIX messaging pages to include general hyperlink updates as well as hyperlinks to Common Message Structure elements including Standard Header and Trailer fields.
  • Updated name of Trade Capture and Pricing Data messages to provide consistency within Messaging pages. For example: Trade Capture Report (Type AE).
ISO 20022 MessagingExplains how to create Issuer's Agent Transfer related messages to communicate with ASX. It covers new messaging standards, message scope, message purpose, message flows (UML diagrams), sender and receiver details and any message pre-requisites. Covers the functions released in the Functional Specifications.

NEW: ISO 20022 Messaging - MC - Issuer's Agent Transfer

The following messages have been added:

  • hold_226_seev_036 - Holding Adjustment Notification
  • hold_229_sese_023 - Corporate Action Related Transfer
  • hold_230_sese_025 - Corporate Action Related Transfer Confirmation
ISO 20022 MessagingISO 20022 Messaging - Technical Manual (Updates)

Updated: ASX Proprietary Code List

The following code list has been amended:

  • NotificationReason - NEW code for Change of Controlling Participant (COCP)

Updated: EIS to ISO 20022 Cross Reference Guide

The Cross Reference table has been updated to include the following revisions:

  • Updated hold_226 message to include Issuer's Agent Transfer.
  • Updated hold_229 message to include Issuer's Agent Transfer.
  • Updated hold_230 message to include Issuer's Agent Transfer.

  • Added the following messages to the Descoped Messages list:

    009 Demand CHESS to Certificated Transfer Request
    013 CHESS to Certificated Conversion Request
    019 Certificated to CHESS Conversion Request
    021 Certificated to CHESS Transfer Request
    024 Rejected Demand Dual Entry CHESS to CHESS Transfer
    026 Single Entry Transfer Acknowledgement
    054 Full CHESS to Certificated Transfer
    056 Full Certificated to CHESS Transfer
    058 Full Certificated to CHESS Conversion
    070 Full CHESS to Certificated Conversion
    118 Cancelled Change Settlement Instruction Request
    130 Requested Settlement Instruction Change
    176 Collateral Creation Rejection Advice
    195 Block Trade Request
    196 Blocked Trade
    197 Unblock Trade Request
    198 Unblocked Trade
    218 Accepted Registration Details Update
    226 User Detail
    228 User History
    230 Payment Facility Detail
    232 Payment Facility History
    271 Loan Application

    272 Accepted Loan Instruction
    273 Loan Application Cancellation Request
    274 Adjusted Loan
    275 Loan Return Notification
    276 Accrued Loan
    277 Loan Return Cancellation Request
    278 Scheduled Loan Instruction
    280 Bulk Loan Application
    281 Bulk Loan Approval
    282 Rejected Loan Application
    284 Cancelled Loan Instruction
    286 Full Loan Instruction
    402 Certificated to CHESS Conversion Authorisation Request
    406 Certificated to CHESS Transfer Authorisation Request
    412 CHESS to Certificated Conversion
    414 CHESS to Certificated Transfer
    516 Rights Accepted
    651 ETC Trade Advice
    652 ETC Trade
    653 ETC Trade Allocation Advice
    654 ETC Trade Advice Acknowledgement
    655 ETC Trade Rejection Advice
    656 ETC Trade Allocation
    657 Contract Note Advice
    658 ETC Trade Allocation Acknowledgement
    659 Contract Note Rejection Advice
    660 ETC Trade Rejection

    661 Allocation Cancellation Advice
    662 ETC Trade Rejection Acknowledgement
    663 ETC Settlement Advice
    664 Contract Note
    665 ETC Settlement Cancellation Advice
    666 Contract Note Advice Acknowledgement
    667 ETC Trade Cancellation Advice
    668 Contract Note Rejection
    669 ETC Contract Note Cancellation Advice
    670 Contract Note Rejection Acknowledgement
    672 Allocation Cancellation
    674 Allocation Cancellation Acknowledgement
    676 ETC Settlement
    678 ETC Settlement Advice Acknowledgement
    680 ETC Settlement Cancellation
    682 ETC Settlement Cancellation Acknowledgement
    684 ETC Trade Cancellation
    686 ETC Trade Cancellation Acknowledgement
    688 ETC Contract Note Cancellation
    690 ETC Contract Note Cancellation Acknowledgement

ISO 20022 Messages in Scope for CDE Drop 6

Business Message CollectionMessage Catalogue Entry
ISO 20022 Messaging - MC - Account Management message collection
  • Account Notification
ISO 20022 Messaging - MC - Common message collection
  • Transaction Acknowledgement Advice
  • Invalid Transaction
  • Rejected Transaction Notification
ISO 20022 Messaging - MC - Corporate Action Event message collection
  • Corporate Action Election
  • Corporate Action Election Status Advice
  • Corporate Action Election Cancellation
  • Corporate Action Election Cancellation Status Advice
ISO 20022 Messaging - MC - Holding message collection
  • Holding Adjustment Notification
  • Corporate Actions Related Transfer
  • Corporate Actions Related Transfer Confirmation
ISO 20022 Messaging - MC - Pledge and Lodgement message collection
  • Intra Position Movement Instruction
  • Intra Position Movement Status Advice
  • Intra Position Movement Confirmation
  • Collateral Release Confirmation
  • Collateral Removal Notification



Connectivity

DocumentDescriptionRelease Notes
ConnectivityClient DAML Extractor Overview (NEW)

Included new information on Digital Asset Extractor Tool.

Advanced Messaging Queuing Protocol (AMQP)AMQP Connectivity to the ASX (Update)Updated 'Connecting via AMQP' section code fragment to include CDE4 security updates.
FIX ConnectivityFIX Overview (Update)
  1. Removed the following: "Non-ASX AMOs will use a FIX Gateway which will provide a secure guaranteed delivery of messages to the CSP."
  2. Updated the Message Format to FIX 5.0 SP2 and Message Transport to FIXT1.1.
FIX Connectivity Settings (NEW)New page including Security and Connection settings for FIX Connectivity.



Environments

DocumentDescriptionRelease Notes
Customer Development Environment (CDE)CDE Application Forms (NEW)

Included check-boxes to allow for the CDE Self-Service Trade Ingest API.



Testing

DocumentDescriptionRelease Notes
Cutover and MigrationTest Data (Update)
  1. Updated CSP Users row to include Approved Market Operators.
  2. Updated Sample Data for Issuers & Securities (samplesecurities.csv).
  3. Updated Test Data table to include Corporate Actions row including Sample Data (samplecorporateactions.csv).
CDE CSP Users (Update)

Updated CSP Users CDE functionality table to include Available Functions (CDE4).

CDE Self-Service Trade Ingest API (NEW)

Included new information on Trade Ingest API opt-in feature provided by ASX.

CDE Market Trade and Batch Settlement (Update)
  1. Updated page name to include Batch Settlement.
  2. Updated to include information regarding Batch Settlement.
  3. Updated Sample Data for Market Trade (samplemarkettrades.csv).
  4. Updated to include information regarding Approved Market Operators.
CDE Instances for Issuer Registries (Update)

Updated to include the following sentence "As part of CDE 4, security state change notifications will be received for all relevant Corporate Actions seeded."

CDE Instances for Payment Providers (NEW)Included new information relevant to Payment Providers testing in CDE.



Release Notes

DocumentDescriptionRelease Notes
Release NotesOctober 2019 - CDE Code Drop Notes (NEW)
  1. Included new information on CDE Code Drop 4.
  2. Updated page format moving CDE Environment notes to a separate Release Notes section above Available Functionality.
Forward Release Plan (Update)

Update: Forward Release Plan

  1. Updated mFunds Foundation Set-up/On-boarding technical documentation release to N/A.
  2. Removed Give-ups/Take-ups and Early Settlement line items.

Change to Day 1 Scope:

Following Focus Group and Technical Committee feedback, Give-ups/Take-ups has now been de-scoped from Technical Documentation Release 5 (Part II).

The proposed solution for Give-ups/Take-ups was tabled in the Focus Group held in May 2017. New ISO 20022 messages required to support the solution were tabled at the ISO 20022 Technical Committee meeting held in August 2019.

Feedback received from these sessions included the following considerations:

  • Functionality considerations: unlike the ETO functionality, equities commission or brokerage cannot be passed via the solution as the underlying client is not known by the system in the equities market
  • Timing considerations: given that a Taker would need more time to agree to the transfer (as opposed to a Giver), there would be timing restraints for a Taker to achieve this on trade date
  • Client considerations: in order to notify underlying clients of a change to the clearing party, potential new client agreements and disclosures would be required

In addition, the sentiment shared by members indicated that there was a low likelihood of implementing the solution in their organisations. It is on this basis ASX has decided to remove this requirement from the Day 1 scope. In the event future use cases are identified or demand increases post Day 1 implementation of CHESS Replacement, ASX is committed to revisiting the solution at this time.

Early Settlement has been removed from Day 1 due to the significant effort across the industry to operationalise this feature. Today, a client can request its broker or its clearing and settlement agent to provide for the early settlement of either a buy or sell contract. The Early Settlement feature will now be considered for implementation post Day 1.



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