February 2020 - CDE Code Drop Notes

Table of Contents

Code Drop 6

The release notes detail the scope of the sixth drop of CDE code, released on 3 March 2020, including details of the available functionality in the CDE environment. This CDE code drop is accompanied by the 03 March 2020 - CDE 6 Known Issues & Limitations, Testing, ISO Pagination and ISO Message Signing technical documentation updates. Full details of the functionality are provided below.

CDE6 includes breaking changes to Ledger API Connectivity. For further information, refer to the March What's New.

Documentation

CDE ReleaseTechnical Documentation ReleaseSupporting DocumentationDA SDK Version
CDE Release 6

September 2019

October 2019

November 2019

December 2019

January 2020

March 2020

Known Issues & Limitations

Cutover and Migration

Ledger API Connectivity

CDE Self-Service Trade Ingest API | CDE Self-Service Holding Adjustments

CDE Auto-responders

DAML SDK: 0.13.46
Bindings Rx Java: 100.13.46
DAML LF Archive: 100.13.46
CSP Java Stubs1.22.302

For further details refer to the Forward Release Plan.

Release Notes

Please note the following points for your consideration:

  • CDE6 introduces opt-in ISO Message Signing. To opt-in to ISO Messaging signing in CDE, click here.
  • CDE6 includes Takeover and Buy-back functionality which introduces Bid Offerors. To opt-in as a Bid Offeror, click here.
  • This release introduces a schema upgrade for account modification to version acct_003_001_06_acmt_003_001_07, including communication preference and unknown holder type changes. The updated communication preference Electronic - ASX Only (ELEA), Electronic - Issuer Only (ELEI) and Electronic - ASX & Issuer (ELEC) all map to Electronic (ONLI) on the Account Notification (acct_002). Note: The CHESS Replacement Project is currently undertaking consultation on changes relating to accounts and holders, depending on the outcome of this process, the schema is subject to change.
  • “Settlement Failure Levy – Batch Settlement” and "Corporate Actions - Bid Election Cancellation (Offeror Authorisation)" features will now be delivered in CDE 7.
  • Settlement link is only supported for Bilateral Scheduled Settlement Instructions (BSSI) where the link is applied for a receiving BSSI and delivering BSSI for equal to unit quantity. Units used for BSSIs linked cannot be further on-delivered to other settlement instructions in the same settlement cycle. For further information, refer to Known Issues & Limitations.

  • Party Identification in CDE Code Drop 6 is limited to UIC format only. BIC support will be available in a subsequent release.
  • For Ledger API connectivity, both ISO 20022 ingress and egress instructions are supported. Please note, resultant state change contracts may be visible, but are not documented in this release and are subject to change.
  • Final security, resiliency and fail-over models are not present in the CDE Environment.
  • Transactional data may be lost in the event of a system restart or upgrade. The ASX will re-populate environments with seeded data.
  • Mutual TLS for Ledger API connectivity is planned for a subsequent release.
  • Housekeeping for Transfers and Conversions, SRN Enquiry and Bilateral Settlement Instructions are not available in the CDE environment.
  • For internal CDE maintenance, ASX may refresh environment every two weeks. ASX will always notify CDE Subscribers prior to any environment refresh.


Available Functionality

FunctionDescriptionRelease Notes
Corporate Actions

The ability for the CSP to support Corporate Actions.

CDE Drop 6 includes the workflow for a Takeover & Buy-back, Reconstruction, Rights Issue and Holding Adjustment.

Diary Adjustments and Holding Adjustments with a reason code using SPLF and/or SPLR (Reconstructions), will be available in a subsequent release.

Collateral Management (ETO & CMM)

A request to create and remove collateral for ETO and CMM.

CDE Drop 6 includes the workflow for Collateral (ETO and CMM) Creation and Removal.

Batch Settlement

A Batch Settlement process which checks the holding balances of accounts (HINs) to determine settlement obligations that will:

  • Settle in full;
  • Partially settle and be rescheduled; or
  • Fully fail and be rescheduled.

CDE Drop 6 includes the workflow for the Settlement Algorithm.

CDE6 includes the first iteration of the Settlement Algorithm which will reschedule or fail settlement instructions until all obligations can be satisfied. Batch settlement will always run to completion and will no longer be cancelled. The Settlement Algorithm will continue to be refined in subsequent releases.

Primary Market Facility

An optional service available to Issuers that allows the DvP settlement of Allocation Interests for primary market offers such as Firm allocations; institutional bookbuilds and Placements.

CDE Drop 6 facilitates the processing of Initial Public Offerings (IPOs), including Institutional and Broker Firm Offers, Placements, Institutional (and Retail) Bookbuilds, within a CSP DvP settlement.

Payment Facilities

The ability to support 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.

CDE Drop 6 includes the workflow for the creation of a Real-time Payment Facility.

Payment Provider Authorisation for RTGS Payments for Entitlement Elections will be made available in a subsequent release. 




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