April 2020 - Documentation Release Notes (Part I)

Document Release 8

These release notes detail the scope of the eighth tranche of technical documentation released in April 2020.

It includes additional functional specifications, messaging requirements and updates to some areas of functionality from a prior release. Full details are provided below. Updates to previously published functionality or corrections have been identified in orange on relevant pages. Deletions, code snippets, hyperlinks, images and major updates to pages or tables are not marked in orange.

New documentation:

  • Reporting

    • Demand

    • End of Day

  • DRP/BSP Enquiry

  • Batch Settlement Funds Movement

  • Holding Administration Locks

  • Collateral Management - Cash Market Margin

    • Daily Margin Settlement Reporting

    • Change Margin Settlement Amount

  • Corporate Actions

    • Share Purchase Plan Lifecycle

  • Isolate Counterparty

  • Default Management Overview

  • Technical Accreditation (including Account Management Scripts)

  • ITE Documentation

    • Application Form

    • SWIFTNet Closed User Group (CUG)

Documentation updated:

  • Batch Settlement

  • Entitlement Elections

  • Holding Transfers

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

  • Settlement

Consultation on Reporting, Cash Margining, Isolate Counterparty and Payment Provider Funds Transfer is still ongoing. Depending on the outcome of this process, the functional specifications documented in this release are subject to change. A summary of Focus Group and Technical Committee feedback received will be available in a subsequent release.

April Release 8 - Part II comprises of:

  • ASX Settlement Procedure Guidelines (APG) - Sections 01 - 04

  • Technical Accreditation - Message Accreditation scripts for Transfers and Conversions between Subregisters and SRN Enquiry as well as a forward plan for subsequent releases.

  • FIX Specification Uplift

  • General Functional and Messaging Specification Updates

A full archive of content prior to Documentation Release 8 is available here for reference.

Functional Specifications

Function

Description

Release Notes

Function

Description

Release Notes

Reporting (NEW)

An outline of the Demand Reporting processes which enable a Participant, Issuer (Registry) or participant’s acting as a warrant Issuer’s Agent to receive reporting messages. Reporting messages are either generated routinely, scheduled as part of end of day processing or on demand, for delivery on a “once off” basis as a result of a reporting request message.

Documentation Release 8 includes an overview of the Demand and Scheduled End of Day Reporting processes. The document outlines to whom and when Reporting related messages may be sent between the requestor and the CSP. It also details the changes between current CHESS and the new CSP.

Holding Administration Locking and Unlocking (NEW)

An outline of the Holding Administration Locking and Unlocking processes which enable ASX Operations to lock and unlock an account when requested by the Issuer (Registry), Controlling Participant, Regulators or Law Enforcement Agencies.

Documentation Release 8 includes an overview of the Holding Administration Locking and Unlocking process. The document outlines to whom and when Holding Administration Locking and Unlocking messages may be sent between the CSP, Controlling Participant, ASX Operations and the Requesting Party. It also details the changes between current CHESS and the new CSP.

Isolate Counterparty (NEW)

An outline of the Isolate Counterparty processes which enables Settlement Participants to request the isolation of a number of units.

Documentation Release 8 includes an overview of the Isolate Counterparty process. The document outlines to whom and when Isolate Counterparty messages may be sent between the buyer, the CSP and the seller. It also details the changes between current CHESS and the new CSP.

Cash Market Margin (NEW)

An outline of Cash Market Margin processes which enable a Clearing Participant to determine their required margin settlement cash flow and change their Margin Settlement Amount as required.

Documentation Release 8 includes an overview of the Cash Market Margin processes. The document outlines to whom and when Margin Settlement Advice and Change Margin Settlement Amount related messages will be sent between Cash Market Margin parties.

Settlement Instruction Cancellation (NEW)

An outline of the Settlement Instruction Cancellation Process which enable Clearing Participants to cancel Market Settlement Instructions previously sent, including Isolate Counterparty.

Documentation Release 8 includes an overview of the Market Settlement Instruction Cancellation, Cancellation Withdrawal and Housekeeping processes. The document outlines to whom and when Settlement Instruction Cancellation related messages will be sent between the Sender Participant, the CSP and the Counterparty.

Default Management (NEW)

An outline of Default Management covering the Funds Failure Algorithm, Payment Provider Default and Successful Transfer of Funds.

Documentation Release 8 includes an overview of Default Management.

DRP/BSP Election and Distribution Advice Notification

Dividend Reinvestment Plan and Bonus Share Plan Elections Overview (Update)

Updated to reflect the addition of the DRP/BSP Enquiry process.

DRP/BSP Election Enquiry Process (NEW)

Documentation Release 8 includes an overview of the DRP/BSP Election Process. The document outlines to whom and when DRP/BSP Enquiry related messages may be sent between DRP/BSP Enquiry parties.

Batch Settlement

Batch Settlement Funds Movement Process (NEW)

Documentation Release 8 includes an overview of the Batch Settlement Funds Movement Process. The document outlines to whom and when Batch Settlement Funds Movement related messages may be sent between Batch Settlement Funds Movement parties.

Batch Settlement Overview (Update)

Updated to include an outline of the Batch Settlement Processes.

Sufficient Unit Check Process (Update)

Updated to enhance Process Flows.

Non-Novated Settlement Obligations Process (Update)

Novated Settlement Obligations Process (Update)

Aggregate Funds Obligation Process (Update)

Enhanced Process Flow to reflect the addition of the Batch Settlement Funds Movement Process.

Updated title from “Funds Obligation Process” → “Aggregate Funds Obligation Process”.

Corporate Actions

Share Purchase Plan Lifecycle (NEW)

NEW Corporate Action Lifecycle covering Share Purchase Plans.

Corporate Actions Overview (Update)

Updated Corporate Action section to include information related to Share Purchase Plans and amend Non-Renouncable and Renounceable and Rights Issues.

Account and Holder Locking and Unlocking

Account and Holder Locking and Unlocking Process (Update)

Updated Account Notification business values and rules table to include Account Name.

Entitlement Elections

Participant Initiated Entitlement Elections Process (Update)

Updated process flow to include steps on nil paid rights Holding Adjustments.

Common Business Values

Tax File Number (TFN) Exemption Codes (Update)

Removed TFN Exemption Code “777777777 - Norfolk Island residents”.

Holding Transfers

Unilateral Demand Transfer Overview (Update)

Updated Permitted Account Holding Transfer sections with additional information on permitted actions by Participant type.

Unilateral Settlement Instruction Overview (Update)

Bilateral Settlement Instruction Overview (Update)

Updated Permitted Account Holding Transfer section with additional information on permitted actions by Participant type.

Added Housekeeping section.

Transfers and Conversions Overview (Update)

Updated Permitted Accounts for Issuer Sponsored to Participant Transfer section with additional information on permitted actions by Participant type.

Messaging

Document

Description

Release Notes

Document

Description

Release Notes

ISO 20022 Messaging

Covers the 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 - DRP Elections - DRP/BSP Election Enquiry

The following messages have been added:

  • evnt_742_seev_033 - Corporate Action Election

  • evnt_743_seev_034 - Corporate Action Election Status Advice

  • evnt_749_semt_021 - Corporate Action Enquiry Election

  • comm_809_admi_007 - Transaction Acknowledgement Advice

NEW: ISO 20022 Messaging - MC - Cash Market Margin

The following messages have been added:

  • pldg_307_DRAFT1colr_017 - Margin Settlement Amount Change Request

  • pldg_308_DRAFT1colr_018 - Margin Settlement Amount Change Status Notification

  • pldg_309_secl_005 - Margin Settlement Advice

  • comm_809_admi_007 - Transaction Acknowledgement Advice

NEW: ISO 20022 Messaging - MC - Reporting

The following messages have been added:

  • rptg_601_semt_021 - Holding Balance Reporting Request

  • rptg_602_acmt_004 - Account Notification Reporting Reques

  • rptg_603_camt_060 - Counterparty Funds Balance Reporting Request

  • rptg_604_semt_002 - Holding Balance Report

  • rptg_605_semt_017 - Net Movement Report

  • rptg_606_camt_052 - Counterparty Funds Balance Report

  • rptg_607_semt_023 - End of Process Report

  • acct_002_acmt_002 - Account Notification

  • sett_170_admi_004 - Event Notification

NEW: ISO 20022 Messaging - MC - Reporting message collection

The following messages have been added:

  • rptg_601_semt_021 - Holding Balance Reporting Request

  • rptg_602_acmt_004 - Account Notification Reporting Reques

  • rptg_603_camt_060 - Counterparty Funds Balance Reporting Request

  • rptg_604_semt_002 - Holding Balance Report

  • rptg_605_semt_017 - Net Movement Report

  • rptg_606_camt_052 - Counterparty Funds Balance Report

  • rptg_607_semt_023 - End of Process Report

NEW: ISO 20022 Messaging - MC - Isolate Counterparty

The following messages have been added:

  • sett_122_semt_020 - Settlement Instruction Message Cancellation Advice

  • sett_128_sese_030 - Isolate Counterparty Request

  • sett_130_sese_032 - Settlement Transaction Generation Notification

  • sett_139_sese_032 - Adjusted Settlement Instruction

NEW: ISO 20022 Messaging - MC - Market Settlement Instruction Cancellation

The following messages have been added:

  • sett_107_sese_020 - Settlement Instruction Cancellation Request

  • sett_108_sese_027 - Settlement Instruction Cancellation Confirmation

  • sett_109_sese_024 - Settlement Instruction Status Advice

  • sett_111_sese_20 - Settlement Instruction Cancellation Withdrawal Request

  • sett_112_sese_27 - Settlement Instruction Cancellation Withdrawal Response

  • sett_118_sese_027 - Settlement Instruction Cancellation Status Advice

  • sett_123_semt_020 - Settlement Instruction Cancellation Withdrawal Notification

NEW: ISO 20022 Messaging - MC - Holding Administration Lock and Unlock

The following messages have been added:

  • hold_228_semt_002 - Securities Balance Report

Updated: ISO 20022 Messaging - MC - Settlement message collection

The following messages have been added:

  • sett_120_DRAFT1camt_091 - Bank Funds Transfer Request

  • sett_121_DRAFT1camt_092 - Bank Funds Transfer Status Advice

  • sett_128_sese_030 - Isolate Counterparty Request

The following message has been updated:

  • sett_133_DRAFT1camt_089 - Funds Obligation

    • Updated to include EIS 300 and 302; and

    • Updated message description to include ‘projected’ functionality.

Updated: ISO 20022 Messaging - MC - Holding Movement message collection

The following messages have been updated:

  • hold_228_semt_002 - Securities Balance Report

    • Updated to include EIS 204 and 206;

    • Updated receiver to include Issuer (Registry); and

    • Updated pre-requisites to include an option with the “Receipt of ‘Holding Administration Lock’ request from ASX Operations”.

Updated: ISO 20022 Messaging - MC - Corporate Action Event message collection

The following messages has been added:

  • evnt_749_semt_021 - Corporate Action Enquiry Election

Updated: ISO 20022 Messaging - MC - Pledge and Lodgement message collection

The following messages have been added:

  • pldg_307_DRAFT1colr_017 - Margin Settlement Amount Change Request

  • pldg_308_DRAFT1colr_018 - Margin Settlement Amount Change Status Notification

  • pldg_309_secl_005 - Margin Settlement Advice

Updated: ISO 20022 Messaging - MC - Bilateral Settlement Instruction

The following messages have been updated:

  • sett_111_sese_20 - Settlement Instruction Cancellation Withdrawal Request

  • sett_112_sese_27 - Settlement Instruction Cancellation Withdrawal Response

  • sett_123_semt_020 - Settlement Instruction Cancellation Withdrawal Notification

Updated: ISO 20022 Messaging - MC - Batch Settlement Aggregate Funds Obligation and Funds Movement

Updated title from “Batch Settlement Funds Obligation” to “Batch Settlement Aggregate Funds Obligations and Funds Movement” to reflect the addition of Batch Settlement Funds movement.

The following messages have been added:

  • sett_120_DRAFT1camt_091 - Bank Funds Transfer Request

  • sett_121_DRAFT1camt_092 - Bank Funds Transfer Status Advice

ISO 20022 Messaging

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

Updated: ISO 20022 Messaging - TM - ASX Proprietary Code List, about

The following code list has been amended:

  • HoldingAdjustmentReason - Added the following entries:

    • Subject to Court Order (SCOL);

    • Non-specific (NOSL);

    • ASX Operations (ASXL);

    • Error - locked in error (ERRO);

    • Settlement Lock / Unlock (SETT);

    • Issuer Initiated Holding Adjustment (ISSU);

    • Subregister Suspended (SUSP);

    • Subregister Closed (CLOS); and

    • Issuer Name & Code Change (INCC).

Updated: ISO 20022 Messaging - TM - EIS to ISO 20022 Cross Reference Guide

The Cross Reference table has been updated to include the following revisions:

  • Added Holding Balance Reporting Request (rptg_601)

  • Added Account Notification Reporting Request (rptg_602)

  • Added Counterparty Funds Balance Reporting Request (rptg_603)

  • Added Holding Balance Report (rptg_604)

  • Added Net Movement Report (rptg_605)

  • Added Counterparty Funds Balance Report (rptg_606)

  • Added End of Process Report (rptg_607)

  • Added Bank Funds Transfer Request (sett_120).

  • Added Bank Funds Transfer Status Advice (sett_121).

  • Added Corporate Action Election Enquriy (evnt_749).

  • Added Margin Settlement Amount Change Request (pldg_307)

  • Added Margin Settlemetn Amount Status Notification (pldg_308)

  • Added Margin Settlement Advice (pldg_309)

  • Updated Account Notification (acct_002) to include related Reporting message references.

  • Updated Transaction Acknowledgement Advice (comm_809) to include related DRP/BSP Election Enquiry and Cash Market Margin message references.

  • Updated Corporate Action Election (evnt_742) to include DRP/BSP Election Enquiry message references.

  • Updated Corporate Action Election Status Advice (evnt_743) to include DRP/BSP Election Enquiry message references.

  • Updated Funds Obligation (sett_133) to include EIS 300 and 302.

  • Updated Event Notification (sett_170) to EIS 399, Reporting, Batch Settlement Aggregate Funds Obligation and Funds Movement message references.

  • Added the following messages to the Descoped Messages list:

    • 148 Projected Cum Entitlement Position

    • 150 Projected Funds Obligation

    • 152 Projected Holding Position

    • 526 Accepted Reporting Request

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

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

  • Added entry for the following reason code; 1179.

Updated: ISO 20022 Messaging - TM - Pagination

Minor content updates and added Holding Balance Report (rptg_604) and Net Movement Report (rptg_605) to the Applicable Messages table.

Samples of a Netted Obligation Report (sett_102) with pagination are now accessible from the SWIFT MyStandards web platform.

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: Collections for Release 8

  • ASX_AU_CHS_rel8_admn Technical Version 1

  • ASX_AU_CHS_rel8_sett Technical Version 1

  • ASX_AU_CHS_rel8_hold Technical Version 1

  • ASX_AU_CHS_rel8_acct Technical Version 1

  • ASX_AU_CHS_rel8_comm Technical Version 1

  • ASX_AU_CHS_rel8_pldg Technical Version 1

  • ASX_AU_CHS_rel8_evnt Technical Version 1

  • ASX_AU_CHS_rel8_rptg Technical Version 1

NEW: ISO 20022 Messaging - TM - Business Message Parameters - Release 8

Update: ISO 20022 Messaging - TM - Business Message Parameters - Release 7

  • NEW: included new entry for the following:

    • “sett_120_DRAFT1camt_091_001_01”;

    • “sett_121_DRAFT1camt_092_001_01”;

    • “sett_128_001_01_sese_030_001_07”;

    • “pldg_307_001_01_DRAFT1colr_017_001_01“;

    • “pldg_308_001_01_DRAFT1colr_018_001_01“;

    • “pldg_309_001_01_secl_005_001_02“;

    • “evnt_749_001_01_semt_021_001_06“;

    • “rptg_601_001_01_semt_021_001_06”;

    • “rptg_602_001_01_acmt_004_001_05”;

    • “rptg_603_001_01_camt_060_001_05”;

    • “rptg_604_001_01_semt_002_001_10”;

    • “rptg_605_001_01_semt_017_001_07”;

    • “rptg_606_001_01_camt_052_001_08”; and

    • “rptg_607_001_01_semt_023_001_01“.

  • Updated the following entries:

    • “sett_122_001_02_semt_020_001_05“ - Corrections were made within the ASX ISO Message Definition annotation. No schema changes.

    • “hold_228_001_01_semt_002_001_10“ - Updated annotation for Holding Lock. No schema changes.

    • “sett_130_001_05_sese_032_001_07“ → “sett_130_001_06_sese_032_001_07“ -Updated to include changes related to Isolate Counterparty. These include:

      • Added DeliveringSettlementParties/Party2 as an optional element;

      • Added ReceivingSettlementParties/Party2 as an optional element; and

      • ASX New Data Requirement annotation of the element Linkages/Reference/SecuritiesSettlementTransactionIdentification has been amended (comment field)".

    • “sett_133_001_02_DRAFT1camt_089_001_01“ → “sett_133_001_03_DRAFT1camt_089_001_01“ - Updated to include changes related to EIS 300 and 302. These include:

      • Introduced additional value 'Projected (PRJD) ReportHeader/CashObligationStatus; and

      • Changed from Mandatory to toptional ‘SettlementAccountNetPosition/AuthorisationReason’.

    • “sett_139_001_01_sese_032_001_09“ → “sett_139_001_02_sese_032_001_09“ - Updated to include changes related to Isolate Counterparty. These include:

      • TransactionIdentificationDetails/CorporateActionEventIdentification was made as optional;

      • GeneratedReason/Code/Proprietary was added as mandatory element containing the Adjustment Reason_ASX_1 code list instead of restricted GeneratedReason/Code/Code element;

      • GeneratedReason/AdditionalReasonInformation was made as optional;

      • AdjustmentAttributes/PreviousSecurityCode/OtherIdentification/Type/Proprietary elements datatype was changed to the InstrumentIdentificationType_ASX_1 ('INFO');

      • The ASX Element Name within the ASX Message Element Specification annotation of the AccountServicerTransactionIdentification was changed to the 'Target Transaction Id (CSP)'; and

      • The element's definition within the ASX Message Element Specification annotation of the SettlementAmount/Amount has been amended.

Connectivity

Document

Description

Release Notes

Document

Description

Release Notes

Browser Connectivity

Browser Interface Overview (Update)

  1. Updated title from "Browser Overview" → "Browser Interface Overview".

  2. Major content updates.

SWIFTNet Connectivity

Connectivity to the SWIFTNet Closed User Group (CUG) (Update)

Minor content updates to include details on the SWIFT addresses for ITE.

Testing

Document

Description

Release Notes

Document

Description

Release Notes

https://asxchessreplacement.atlassian.net/wiki/spaces/CSP/pages/23233494

Known Issues & Limitations (NEW)

  1. NEW Observed Behaviours identified: 'Holding balance not being used to satisfy rescheduled settlement instructions' and 'Large volumes of settlement instructions causes batch settlement to fail'

  2. Updated the CDE Resolved Defects list to include “Identical Business Message Identifier for Notifications and Response messages.“ This defect resolved with CDE 6 environment reset on 25/3/20.

Environments

Document

Description

Release Notes

Document

Description

Release Notes

Environments

Technical Accreditation (NEW)

These release notes detail the scope of the first tranche of technical accreditation information released in April 2020, including the purpose and objectives of connectivity and messaging accreditation. Release 1 focuses on messaging accreditation and introduces the requirements for the Accounts function and supporting features as follows:

  • CHESS User by Feature/Message; and

  • Message Accreditation Scripts.

Subsequent releases will be delivered in a monthly cycle to build on the technical accreditation information. A release schedule will be included in the following release.

Industry Wide Testing (IWT) Environment

ITE Application Forms (NEW)

New page which includes the forms required to connect to ITE.

IWT Overview (Update)

Minor content updates.

Release Notes

Document

Description

Release Notes

Document

Description

Release Notes

Release Notes

Forward Release Plan (Update)

Updated link to Demand Reporting documentation.

Major updates to include changes mentioned in the 01/04 Implementation & Transition Working Group:

  • Isolate Counterparty;

  • Margin Settlement & Excess Cash Instruction; and

  • Default Management (Overview only).

Frequently Asked Questions (FAQs)

Document

Description

Release Notes

Document

Description

Release Notes

Frequently Asked Questions (FAQs)

FAQs - Implementation and Transition (Update)

Updated Implementation and Transition FAQs:

  • Removed the question “What are the key dates for start, finish Technical Accreditation, Operational Readiness and Attestation?”.

  • Updated “Will we need a separate agreement (and application process) for connectivity to ITE vs CDE?”.

  • Updated “When can we start configuring ASX Net for ITE & Prod?”.