CDE 10 - Movement of Units Process
Table of Contents
Movement of Units Process Flow
Movement of Units Process
| Step | Description | Party | Recipient | Message Reference |
|---|---|---|---|---|
| 1 | The CSP updates the Holding Balance of the Accounts (HINs) that are targeted during Batch Settlement. | CSP | - | - |
| 2 | A Settlement Movement Confirmation notification is generated and sent to the Settlement Participant to advise of the net holding movement that was made by the CSP as a result of Batch Settlement. A notification will be sent for each Account (HIN), Security Code and Basis of Movement combination that has a holding movement in the pertinent Batch Settlement cycle. Where a Novated Net Delivery Position (NNDP) was rescheduled due to the related Novated Gross Market Trades (NGMTs) having a security sub-register status of Suspended or Closed, a notification will also be sent for the zero net holding movement. | CSP | Settlement Participant | |
| 3 | Where the Holding Balance has been changed, the CSP will use the /wiki/spaces/CSP/pages/67831215 process to determine if a notification will be sent to the Issuer. | CSP | Issuer | - |
| 4 | Following the movement of units, the CSP will use the CDE 10 - Settlement Notifications and Completion Process to notify Settlement Participants of Settlement Instructions that partially settle and to complete the Batch Settlement cycle. | CSP | - | - |
Business Values and Rules
Settlement Movement Confirmation
A Settlement Movement Confirmation notification is generated and sent to the Settlement Participant to advise of the net holding movement that was made by the CSP as a result of Batch Settlement. The notification will also provide the Settlement Funds Amount and count of Settlement Instructions contributing to the net holding movement, as well as a breakdown of these Settlement Instructions which includes the Settled Unit Quantity and Settlement Funds Amount that pertains to each Settlement Instruction type.
ASX Element Name | ISO 20022 Element | Guidelines |
|---|---|---|
| Transaction Id | Statement Generation Details / Query Reference | The unique identifier of a transaction within the CSP. Further details of Transaction Identifications are detailed here. |
| Settlement Batch Id | Settlement Generation Details / Statement Identification | Indicates the identifier for the current Batch Settlement cycle. |
| Security Code | Balance For Account / Financial Instrument Identification | Indicates the security related to the Settlement Movement Confirmation. Both Security Code and ISIN will always be present on the Settlement Movement Confirmation sent to the Settlement Participant. Further details of Security Identification are detailed here. |
| Account Identifier | Safekeeping Account / Identification | Indicates the Account (HIN) to which the movement of units relates. |
| New Holding Balance | Balance For Account / Aggregate Balance / Quantity / Quantity / Quantity | Indicates the total Holding Balance of the security within an Account (HIN) after the net holding movement of units for the security within an Account (HIN). |
Net Settlement Movement Attributes Repeating Block The following attributes will be repeated under Balance for Account / Net Settlement Movement Attributes <BalForAcct/NetSttlmMvmntAttrbts> block to provide the breakdown of the following attributes for the net holding movement and each type of Settlement Instruction that contributes to the net holding movement (as defined by the Movement Type populated):
| ||
| Movement Type | Movement Type | Indicates what the breakdown of Settled Unit Quantity, Settlement Amount, and Number of Settlement Instructions applies to, either
The NRIN, NNGM, USSI and BSSI breakdowns are inclusive of:
The NRI breakdown is also inclusive of the SSP component that settles for fully or partially failed NRIs. |
| Basis of Movement 1, 2 and 3 | Trade Transaction Condition | Where applicable, and the Movement Type is Overall Net Movement (NETT), indicates the Basis of Movement related to the Settlement Movement. In this case, one of the valid values outlined in the /wiki/spaces/CSP/pages/23233246 (16 - BasisofMovement) will be present. |
| Settled Unit Quantity | Unit Quantity | Indicates the net number of units settled during the current Batch Settlement cycle. Where the Movement Type is Overall Net Movement (NETT), the Settled Unit Quantity will be the net total number of units settled within the current Batch Settlement cycle. Where the Movement Type is not Overall Net Movement (NETT), the Settlement Unit Quantity will be the total number of units settled for the Movement Type within the current Batch Settlement cycle. |
| Short Long Indicator | Short Long Indicator | Populated with Long ('LONG') when the Settled Unit Quantity (for the Movement Type) within the current Batch Settlement cycle is a net receipt or the units settled in the current settlement cycle is zero. Populated with Short ('SHOR') when the Settled Unit Quantity (for the Movement Type) within the current Batch Settlement cycle is a net delivery movement. |
| Settlement Amount | Amount | Indicates the total Settlement Amount pertaining to the Settlement Instructions that contribute to the net holding movement. Where the Movement Type is Overall Net Movement (NETT), the Settlement Amount will be the total Settlement Amount pertaining to all Settlement Instructions that contribute to the net holding movement. Where the Movement Type is not Overall Net Movement (NETT), the Settlement Amount will be the total Settlement Amount settled for the Movement Type within the current Batch Settlement cycle. The Settlement Amount includes any SSP adjustments which have been calculated and settled in the current Batch Settlement cycle. |
| Settlement Amount Credit Debit Indicator | Amount / Credit Debit Indicator | Indicates whether the Settlement Funds Amount is a net receipt, net payment, either:
|
| Number of Settlement Obligations | Number of Entries | Where the Movement Type is Overall Net Movement (NETT), indicates the total number of Settlement Instructions contributing to the net holding movement. Where the Movement Type is not Overall Net Movement (NETT), indicates the number of Settlement Instructions settled for the Movement Type within the current Batch Settlement cycle. The Number of Settlement Obligations will include all fully settled and partially settled Settlement Instructions, and the SSP component settling (including where it is zero) of fully failed NRIs. |
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