DRP/BSP Election and Distribution Advice Notification Changes

Table of Contents


Changes

The following changes have been made to DRP/BSP Elections and Distribution Advice Notifications.

DescriptionFunctionality
Changes
Asset Class Support

Previously in CHESS, DRP Elections and Distribution Advice Notifications were only supported for mFunds.

In the CSP:

  • DRP Elections will be supported for all Issuers with an active Dividend/Bonus Share Plan (as advised to the ASX); and
  • Distribution Advice Notifications will be supported only for mFunds Issuers and will include:
    • Cash Elections where the dividend consideration default is DRP or BSP;
    • DRP Elections; and
    • BSP Elections.

Additional fields will be included in the Distribution Advice Notification (mFund) to support Cash and to align with ISO standards.

Bank Account Information

Previously in CHESS, bank account information and DRP Elections could be provided within a Distribution Election Request for an mFund holding.

In the CSP, standalone DRP and Bank Account workflows will be supported for all asset classes. The CSP will also allow for the provision of foreign bank accounts. The CSP continues to support the provision of bank account information and the DRP Election within the Investor Details provided for an initial mFund Application request.




Related Pages:

There are no related labels.

Browse Popular Pages:

No labels match these criteria.



This document provides general information only. ASX Limited (ABN 98 008 624 691) and its related bodies corporate (“ASX”) makes no representation or warranty with respect to the accuracy, reliability or completeness of the information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from anyone acting or refraining to act in reliance on this information.

© 2022 ASX Limited ABN 98 008 624 691


The following macros are not currently supported in the footer:
  • style