November 2019 - Documentation Release Notes

Table of Contents

Document Release 6

These release notes detail the scope of the sixth tranche of technical documentation, released in November 2019 (Document Release 6).

It includes additional functional specifications, messaging requirements and updates to some areas of functionality from a 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. Deletions, hyperlinks, images, major updates to pages or tables are not marked in orange.

Please note that the content of this release includes functionality to be made available in CDE 6 for February 2020 and CDE 7 for May 2020 as indicated in the Forward Release Plan.

New documentation:

  • Primary Market Facility: Placements
  • Corporate Actions
    • Holding Adjustments
    • Schemes of Arrangement

Documentation updated:

  • Payment Facilities
  • Change of Controlling Participant
  • Account Management
  • Transfers and Conversions
  • Corporate Actions
    • Accelerated Rights Issue

As communicated in the Settlement Focus Group (12/11), Batch Settlement (Unit Fails) technical documentation will be released in December.

A summary of Focus Group and Technical Committee feedback for the following topics has been released:

  • Holding Adjustments
  • Payment Facilities

A full archive of content prior to Documentation Release 6 is available here for reference.

Functional Specifications 

FunctionDescriptionRelease Notes
Holding Adjustments (NEW)An outline of Holding Adjustments process which enables an Issuer (Registry) to reconstruct and where authorised, increase or decrease the holding balance of a security on an Account (HIN).

Documentation Release 6 includes an overview of Holding Adjustments. The document outlines Holding Adjustments scenarios where Holding Adjustment parties may receive messages from the CSP. It also details the changes between current CHESS and the new CSP.


Primary Market Facility (NEW)An outline of Primary Market Facility which provides listed Issuers with Delivery versus Payment (DvP) settlement services for certain capital raising.

Documentation Release 6 includes an overview of Primary Market Facility. The document outlines how this functionality is enabled through the Issuance of Allocation Interests to Settlement Agent, DvP Settlement between Participants and Settlement Agent, Movement of Allocation Interests between HINs and sub-registers and the Transformation of Allocation Interests to underlying securities.

Payment Facilities (Update)An outline of Payment Facilities which are used for the settlement of funds and must be established by Participants for Bilateral Demand Settlement Instructions and Corporate Action Entitlements (Share Purchase Plan / Rights Issues) on a Real Time Gross Settlement (RTGS) basis, Batch Settlement and all cash transfers initiated via the CSP.

Documentation Release 6 includes a major update to Payment Facilities incorporating changes to existing pages regarding the facilitation for the payment or receipt of funds on a RTGS basis. The document outlines Payment Facilities scenarios where Payment Facilities parties may receive messages from the CSP. It also details the changes between current CHESS and the new CSP.

Corporate ActionsSchemes of Arrangement Overview (NEW)Documentation Release 6 includes an overview of a Scheme of Arrangement.
Corporate Actions Overview (Update)
  1. Updated Corporate Action Events table to include Schemes of Arrangement line item.
  2. Updated Corporate Action Events table to include information regarding Accelerated Rights Issues.
  3. Updated to include reference links to Holding Adjustments documentation.
Rights Issue Lifecycle (Update)
  1. Update to include information regarding Accelerated Rights Issues.
  2. Updated to include reference links to Holding Adjustments documentation.
Bonus, Capital Return, Dividend, Interest Payment Lifecycle (Update)Updated to include reference links to Holding Adjustments documentation.
Reconstruction Lifecycle (Update)
Common Business ValuesMobile Number (Update)Updated to clarify mobile number structure.
Change of Controlling ParticipantChange of Controlling Participant Process - Accepted (Update)
  1. Updated Recipient and Description of Step 6; Change of Controlling Participant - Accepted Process.
  2. Removed Message Reference of Step 6; Change of Controlling Participant - Accepted Process.
  3. Moved and updated information box from Step 3 to Step 5; Change of Controlling Participant - Accepted Process.
Change of Controlling Participant - Cancellation Process (Update)
  1. Updated message name from Change of Controlling Participant Cancellation (hold_221) → Change of Controlling Participant Status Advice (hold_221).
  2. Updated message name from Change of Controlling Participant Cancellation (hold_215) → Securities Message Cancellation Advice (hold_215).
NotificationsChange in Holding Balance (Update)
  1. Updated Ownership Type in the Business Value and Rules table from Single holder (SNGL) → Single holder (SIGL).
  2. Updated Account Notification related messaging reference to ISO 20022 Messaging - MC - Account Notification.
AccountsAccount and Holder Creation Process (Update)Updated Ownership Type in the Business Value and Rules table from Single holder (SNGL) → Single holder (SIGL).
Account and Holder Modification Process (Update)
Transfer / Conversions Between SubregistersIssuer Sponsored to Participant Transfer Process (Update)
Issuer Sponsored to Participant Conversion Process (Update)
SRN Enquiry Process (Update)
Participant to Issuer Sponsored Transfer Process (Update)
  1. Updated Ownership Type in the Business Value and Rules table from Single holder (SNGL) → Single holder (SIGL).
  2. Removed Message Reference of Step 9; Zero Balance.
Participant to Issuer Sponsored Conversion Process (Update)
  1. Updated Ownership Type in the Business Value and Rules table from Single holder (SNGL) → Single holder (SIGL).
  2. Removed Message Reference of Step 8; Zero Balance.



Messaging

DocumentDescriptionRelease Notes
FIX MessagingFIX Messaging - MC - Common Message Structure (Update)

Updated: FIX Messaging - MC - Business Message Reject (Type j)

The following changes have been made:

  • New value added "5- Conditionally Required Field Missing" for field 380 BusinessRejectReason.
  • Updated Tag 372 and 380 from Mandatory (M) → Optional (O).

Updated: FIX Messaging - MC - Reject (Type 3)

The following changes have been made:

  • New field added "371 RefTagId".
  • Updated Tag 372 and 373 from Mandatory (M) → Optional (O).
ISO 20022 MessagingExplains how to create Holding Adjustment 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 - Holding Adjustments

The following messages have been added:

  • hold_226_seev_036 - Holding Adjustment Notification
  • hold_228_semt_002 - Securities Balance Report
  • comm_809_admi_007 - Transaction Acknowledgement Advice

NEW: ISO 20022 Messaging - MC - Account Notification

The following messages have been added:

  • acct_002_acmt_002 - Account Notification

The page includes a Batch Settlement Id and Obligation Id related reference.

Update: ISO 20022 Messaging - MC - Payment Facilities

Updated UML to include references to real-time payment facilities.

UpdateISO 20022 Messaging - MC - Batch Settlement Failures and Movements

The following changes have been made:

  • Updated UML to remove reference to the optional workflow for change in holding balance.
  • Removed Account Notification (acct_002) message reference.

These amendments were made to remove any duplication related to the Change in Holding Balance workflow.

Update: ISO 20022 Messaging - MC - Participant to Issuer Transfers & Conversions

Updated UML to remove reference to the optional workflow for zero holding balance.

This amendment was made to remove any duplication related to the Change in Holding Balance workflow.

ISO 20022 MessagingISO 20022 Messaging - Technical Manual (Updates)

Updated: ISO 20022 Messaging - TM - Transaction IDs and Reference fields

Removed accrual number from the Transaction Id.

Updated: ISO 20022 Messaging - TM - BAH elements

Updated to include further information related to the Business Service Suffix.

Updated: ASX Proprietary Code List

The following code lists have been amended:

  • StaticDataReqType - NEW code for Holding Adjustment Reason Codes (HLDR) and Bank Account Currencies (BCCY).
  • HoldingStatusUpdateReason - NEW code for Issuer Initiated Holding Adjustment (ISSU).
  • HoldingAdjustmentReason - NEW code for Unmarketable Parcel Redemptions (MUPR), Rounding Differential (MRND), Fee Rebate (MFEE), Class Change (CLSC).
  • MovementReason - Updated the Allowable Value for Action by ASX operations (ASXO) from " " → "Z".

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 Holding Adjustments.
  • Updated hold_228 message to include Holding Adjustments.
  • Updated comm_809 message to include Holding Adjustments.
  • Updated Sender and Receiver columns for Account Modification Request (acct_003) CSP ↔ Participant.
ISO 20022 Messaging - TM - Business Error Code List (Updates)

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

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

  • Added entries for the following reason codes; 1021, 1110, 1116, 1118, 1123, 1124, 1125, 1126, 1127, 1128, 1129, 1130, 1131, 1132, 1133, 1134, 1135, 1136, 1137, 1138, 1139, 1140, 1141, 1142, 1143, 1144, 1146, 1147, 1148, 1150, 1151, 1153, 1154, 1155, 1156, 1157, 1158, 1159, 1160, 1161, 1162, 1163, 1164, 1165, 1166.
ISO 20022 Usage Guidelines (Update)Usage Guidelines (or schemas for each message) will be accessible from the SWIFT MyStandards web platform. Each guideline provides field definitions that include meanings, allowable data values, message samples and schemas.

NEW: Business Message Parameters - Release 6

  • Changes from Business Message Parameters 5 → 6 include:
    • "acct_004_001_03" → "acct_004_001_04" - The following updates have been applied:
      • CreationDateTime data type changed from "ISODateTime_ASX_1 (Date Time)" to ISODateTime (Date Time).
      • Changed data type of Full Legal Name (AcctRpt/Org/FullLglNm) from NONREFText_ASX_1 to 'Max350Text' and added restriction fixed value as 'NONREF'.
      • The following elements are now mandatory
        • BICFI (AcctSvcrId/FinInstnId/BICFI);
        • Country (AcctRpt/Org/LglAdr/Ctry);
        • Issuer (AcctRpt/Rpt/Acct/Id/Othr/Issr);
        • Status (AcctRpt/Rpt/Acct/Sts) - the Deleted status has also been removed;
        • Type (AcctRpt/Rpt/Acct/Tp); and
        • Payment Facilities Additional Data (AcctRpt/SplmtryData/Envlp/Document/acct004SuplDataV01/PmtFcltyAddtlData).
      • Updated ASX Element Name of Creation Date Time (AcctRpt/Refs/MsgId/CreDtTm) → Effective Date.
      • Added payment facility sub type as Restriction (BizMsg/Document/AcctRpt/Rpt/Acct/Rstrctn).
      • Change the Data Type of Full Legal Name (AcctRpt/Org/FullLglNm) from fixed value 'NONREF' to Max350Text.

NEW: Collections for CDE6

  • ASX_AU_CHS_rel6_admn Technical Version 1
  • ASX_AU_CHS_rel6_sett Technical Version 1
  • ASX_AU_CHS_rel6_hold Technical Version 2
  • ASX_AU_CHS_rel6_acct Technical Version 1
  • ASX_AU_CHS_rel6_comm Technical Version 1
  • ASX_AU_CHS_rel6_pldg Technical Version 1
  • ASX_AU_CHS_rel6_evnt Technical Version 1

Update: ISO 20022 Messaging - TM - Business Message Parameters - Release 1

Update: ISO 20022 Messaging - TM - Business Message Parameters - Release 2

Update: ISO 20022 Messaging - TM - Business Message Parameters - Release 3

Update: ISO 20022 Messaging - TM - Business Message Parameters - Release 4

Update: ISO 20022 Messaging - TM - Business Message Parameters - Release 5

  • Updated Command Choice column to be capitalised for each entry. For example "sett_105_001_05_sese_023_001_07" → "Sett_105_001_05_sese_023_001_07".

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 (Update)

Updated to include additional information on Digital Asset Extractor Tool.



Testing

DocumentDescriptionRelease Notes
Cutover and MigrationCDE Self-Service Trade Ingest API (Update)

Updated to include minor wording adjustments for further clarification.



Release Notes

DocumentDescriptionRelease Notes
Release NotesCHESS Replacement Scope (NEW)New page including detail regarding Day 1 New Business Requirements and the Mandatory/Optional Classification of New Business Requirements.
Forward Release Plan (Update)

Update: Forward Release Plan

  1. Updated Batch Settlement - Part 3 of 3 (Unit Fails) from November 2019 → December 2019.
  2. Updated links to Technical Documentation from November 2019 release.
  3. Removed 'Scope for Consideration Post Day 1' table. This table has been moved to the CHESS Replacement Scope page.

Change to Day 1 Scope:

Following Focus Group and Technical Committee feedback for mFunds, line-by-line real time settlement and Regular Payment Plans (RPP) have now been de-scoped from Day 1.

Feedback received from these sessions included the following considerations:

  • For line-by-line real time settlement: mFund settlement practices were established and moving settlement out of batch processing would result in significant impact across all mFund stakeholders.
  • For Regular Payment Plans (RPP):  there is a current requirement for investors to complete a Direct Debit authority form, pursuant to participation in a Regular Payment Plan. This effectively prohibits automation.

Additionally, the scope pursuant to Account Information – Centralised data capture and storage has changed such that additional information linked to a CHESS holding which can be used in connection with corporate actions, compliance with regulatory obligations and new investor services (as requested by stakeholders) will be captured but will not be stored with the exception of DRP/BSP elections where the latest received election will be stored in the CHESS replacement system.

Further, holder email addresses and mobile phone numbers are currently collected in CHESS today and will continue to be collected in the replacement system. An email address and mobile phone number will only be mandatory if a holder indicates that their communication preference is “electronic.” One of the new business requirements for the CHESS replacement project is to introduce the electronic provision of CHESS Holding Statements. The solution for this business requirement is continuing to be worked on, with the expectation being that email addresses and mobile phone numbers populated in a holder record will be used by ASX for this purpose.



Frequently Asked Questions

DocumentDescriptionRelease Notes
Frequently Asked Questions (FAQs)FAQs - Functional Specification

Updated list to include answers to the following questions:

  • Can you please provide further information around Settlement Locks?

  • Can you confirm the Account and Holder Locking and Unlocking process?

FAQs - Connectivity

Updated list to include answers to the following questions:

  • What is a DAML Party?
  • What is a Master Ingress Contract?
  • How do I view exercised events committed to the Ledger?
  • What are the details of the security uplift in CDE 4?
  • What will be the most likely replacement for CHESS PC?
FAQs - Implementation and TransitionNew page to answer questions regarding the Implementation & Transition Working Group.



Glossary

DocumentDescriptionRelease Notes
GlossaryReal Time Gross Settlement (RTGS)

New glossary term definition.

Payment Facility

Updated definition to align to changes in Payment Facility documentation and RTGS payments.

Payments Provider

Updated definition to align to changes in Payment Facility documentation and RTGS payments.




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