Operational Procedures & Guidelines

Content Pages (Update)

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

Section 07 - Transfers between CHESS accounts (Update)

Major updates to reflect the Netting and Settlement Workflow and include other content enhancements.

Additional details of this change are available here.

Section 08 - Market trade processing (Update)

Major updates to reflect the Netting and Settlement Workflow and include other content enhancements.

Additional details of this change are available here.

Section 09 - Settlement (Update)

Major updates to reflect the Netting and Settlement Workflow and include other content enhancements.

Additional details of this change are available here.

Section 10 - Corporate action principles (Update)

Updated Section 10.1 to replace “ASX Market Data” with “ASX Reference Point ISO 20022” and Section 10.6 to replace “exchange traded Australian Government Bonds: with “capital notes”.

Additional details of this change are available here.

Section 11 - Corporate actions (Update)

Major updates to reflect the Netting and Settlement Workflow and include other content enhancements.

Additional details of this change are available here.

Functional Specification

Demand Statement (DSMT) (NEW)

NEW functional specification covering the demand statement request.

Daily Interest Earned Report (NEW)

NEW functional specification covering the daily interest earned report.

Daily Collateral Statement Report (NEW)

NEW functional specification covering the daily collateral statement report.

CDE 10 - Reporting Overview (Update)

1. Updated the Demand Reports and Demand Report Parameters tables to include the Demand Statement (DMST) Request.

2. Updated the Daily Interest Earned and Collateral Statement Report section to replace sample reports with a link to the daily interest earned and collateral statement report functional specifications. Samples have been moved to these pages.

3. Updated to include a reference to the AMO Security Details Report, previously linked to from the AMO Overview page.

Reporting Overview (Update)

Netting and Settlement Workflow Changes (Update)

[10/09] Updated the Netting and Settlement Workflow Changes Examples file from v2.0 → 2.1 to include a minor correction to settlement amount on the Settlement Movement Confirmation (sett_136).

Class Merger Process (Update)

1. Updated the Class Merger Process Flow to replace the Participant swimlane with Settlement Participant and Controlling Participant swimlanes.

2. Updated the Class Merger Process Flow to duplicate Step 7 into the Offeror swimlane and to include an annotation: "This message will also be sent to an Offeror where they control an Account (HIN)".

3. Updated the Recipient column of the Class Merger Process table for Step 5 from "Participant" to "Settlement Participant".

4. Updated the Recipient column of the Class Merger Process table for Step 7 from "Participant" to "Controlling Participant".

5. Updated Step 7 of the Class Merger Process table to include a new information box: "This message will only be sent to an Offeror where they control an Account (HIN)".

Netting and Settlement Workflow Changes

CDE 10 - Class Merger Process (Update)

CDE 10 - Settlement Notifications and Completion Process (Update)

1. Updated details in the Guideline information box of the Target Transaction Id attribute in the Settlement Transaction Generation Notification Business Values and Rules table from “For a Non-Novated Gross Market Trade (GMTD) or Novated Rescheduled Instruction (NRIN), the Transaction Id will be NONREF” to “For a Non-Novated Gross Market Trade (GMTD), the Transaction Id will be NONREF. For a Novated Rescheduled Instruction (NRIN) this will be a new Transaction Id that is assigned by the CSP for the settled portion”.

2. Updated the Guideline of the Target Transaction Id (CSP) attribute in the Settlement Transaction Generation Notification Business Values and Rules table from “For a USSI or BSSI, the Target Transaction Id (CSP) will not be populated” to “For a USSI or BSSI, this will be a new Transaction Id that is assigned by the CSP for the settled portion”.

CDE 10 - Novated Settlement Obligations Process (Update)

Updated the Guideline of the Target Transaction Id (CSP) attribute in the Settlement Transaction Generation Notification Business Values and Rules table from “For a Novated Settlement Failure (NSFI) or Novated Rescheduled Instruction (NRIN), this will be populated with NONREF” to “For a Novated Settlement Failure (NSFI) or Novated Rescheduled Instruction (NRIN), to reschedule the NNDP to settle the next business date, this will be populated with NONREF. For a Novated Rescheduled Instruction (NRIN) created to notify the SSP component settled in the current batch settlement cycle, this will be a new Transaction Id that is assigned by the CSP for the settled portion”.

CDE 10 - Suspended Settlement Instruction Cancellation Process (Update)

1. Updated Step 4 of the Suspended Settlement Instruction Cancellation Process table from “The CSP sends a Settlement Instruction Status Advice to the Settlement Participant, advising that their Settlement Instructions have been cancelled by ASX Housekeeping or ASX Operations” to “The CSP sends a Settlement Instruction Status Advice to the Settlement Participant, advising that the Unilateral Scheduled Settlement Instructions (USSIs) or Bilateral Scheduled Settlement Instructions (BSSIs) have been cancelled by ASX Housekeeping or ASX Operations”.

2. Updated the Suspended Settlement Instruction Cancellation Process Flow to include a new Participants swimlane and a new Step 6 covering the generation of a Settlement Instruction Message Cancellation Advice (sett_122).

3. Updated the Guideline of the Transaction Id attribute in the Settlement Instruction Status Advice – Cancellation Business Values and Rules table to remove “For an NNGMT or Novated Gross Market Trade, this will be the Transaction Id that was sent in the Trade Confirmation Notification (sett_101)”.

4. Updated to include a new Settlement Instruction Message Cancellation Business Values and Rules table.

Default Management

Default Management Overview (Update)

Updated the Back-Out Algorithm section to provide additional information on the decreasing of a payment funds obligation for a Payment Facility.

ISO 20022 Messaging

ISO 20022 Messaging - Technical Manual (TM) (Update)

[01/09] Updated: ISO 20022 Messaging - TM - Pagination

The following updates have been made:

• Removed Netted Obligation Report (sett_102) and Unnetted Obligation Report (sett_103).

• Added Obligation Status Report (rptg_608) and Netted Obligation Report (rptg_609).

FIX Messaging

FIX Messaging - Message Catalogue (MC) (Update)

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

Removed 3 - Unsupported message type from tag 373

Updated: FIX Messaging - MC - Error Code List

The following updates has been made:

• Removed 99 Trade ID and Trade Date on Cancellation do not exist within the C&S System from the FIX Application Message Validation table.

• Updated the Type <3> (Session Level) Reject Validation table to include:

  • 1 = Required Tag Missing;

  • 2 = Tag not defined for this message type;

  • 4 = Tag specified without a value;

  • 13 = Tag appears more than once;

  • 14 = Tag specified out of required order; and

  • 16= Incorrect NumInGroup count for repeating group.

• Added a new section and table to include Type <J> (Session Level) Reject Validation

Connectivity

Connectivity Guide (Update)

Updated the title of Section 4 from “Security Details for ITE1” → “Network Details for ITE1”.

Industry Test Strategy

Section 02 - Industry Testing Overview and Timeline (Update)

[01/09] Updated timeline to reflect new delivery date for CDE Code Drop 10 of Mid-to-Late September.

Section 06 - Documentation Release Plan (Update)

Updated the Target Date for External Publication for the:

• Guide to Testing Service and Failover and Recovery Guide from End August 2021 → End September 2021; and

• CHESS UI User Guide from End of September 2021 → End of October 2021.

Customer Development Environment (CDE)

CDE Connectivity (Update)

Updated the links to reflect revised Site to Site IPSec VPN and ASX Net Connectivity Guide section.

Messaging Accreditation Overview

CHESS User by Feature, Message (Update)

Updated to include changes resulting from the Netting and Settlement Workflow Changes.

Messaging Accreditation Scripts (Update)

1. Updated to include changes resulting from the Netting and Settlement Workflow Changes, including:

   • Removal of Netting Scenarios;

   • Updated Batch Settlement Scenarios; and

   • Updated Reporting and Notification Scenarios.

2. Removed the Optional Fields column from all scenarios

3. Updated to include new Account Scenarios.

4. Updated Payment Facility Scenarios.

5. Updated Collateral Management Scenarios, including:

   • Split scenarios into three sheets: Collateral Management (CMM), Collateral Management (ETO) and Cash Market Margin.

   • Updated to include a new Collateral Management scenario (Holding Transfer)

   • Removed the Collateral Removal Warning scenario due to Expiry (pldg_306)

6. Updated Corporate Action Scenarios, including:

   • Updated the Holding Transfer Scenario.

   • Updated to include a new Class Merger scenario for Specialist SP (Offeror)

7. Updated PISP Scenarios to include a new Batch Settlement scenario.

8. Updated Payment Provider Scenarios, including:

   • Split scenarios into two sheets Batch and CHESS RTGS Payment Facility Scenarios; and

   • Updated to include a new Batch Settlement scenario.

9. Added Miscellaneous Scenarios incorporating Invalid Transaction Notification (comm_807) and Rejected Transaction (comm_808).

Cutover and Migration Overview

Exceptions (Warnings and Errors) (Update)

Major updates to reflect the Tranche 3 and Combined Rule Amendments Consultation Paper and other content enhancements.

Release Notes

Forward Release Plan (Update)

1. Updated the delivery date for CDE Code Drop 10 from End August / Early September → Mid-to-Late September.

2. Removed Interest Earned and Collateral Statements from Cash Market Margin - Part 2 of 2. This functionality is not available as part of CDE and will be made available as part of ITE2. For development purposes, samples of these reports are provided on their corresponding functional specifications.

CHESS User by Function (Update)

1. Updated to include Cash Market Margin, mandatory for Clearing Participants.

2. Removed Netting and Netting Reversal line items.

What's New

13 August 2021 - FIX Messaging, General Documentation and Known Issue and Limitation Updates (NEW)

1. FIX Messaging updates to the FIX Type AR, AE, W, AU, 0 and Appendix.

2. General documentation updates including an update to the following:

   • Code Change Functional Specification;

   • HMVT and CEMV Report Functional Specifications;

   • Cutover and Migration - Inflight Transactions (Suspended Settlement Obligations);

   • Implementation and Transition FAQs; and

   • Netting and Settlement Workflow Change FAQs.

3. Updates to the Known Issues and Limitations page, including:

   • A known limitation regarding request of a Demand Statement.

   • A known defect regarding Holding Movement (HMVT) / Cum Entitlement Movement (CEMV) Reports.