CDE Auto-responders



An Auto-responder feature is provided by the ASX to help vendors and participants simulate events where a Counter-party response is required. 

The Auto-responder (UIC 99000) will be seeded with a Direct Account, which will have holdings for all available financial instruments.

Participants can seed their accounts by sending a Bilateral request to the Auto-responder delivering party (UIC 99000) and the Auto-responder will generate a matching request so the units can be delivered into the requesting account controlled by the participant. Similarly, the participant can also send a Bilateral request to the Auto-responder receiving party (UIC 99000), and the Auto-responder will then generate a matching request so the units can be delivered from the account controlled by the participant into the account controlled by the Auto-responder (UIC 99000).

The Auto-responder was enhanced to further facilitate Participant testing for the following functionality that has been introduced in CDE Drop 3:

  • Issuer to Participant Conversion Request; 

  • Issuer to Participant Transfer Request; and

  • Both types of SRN Enquiry Requests (i.e. SRN Enquiry and SRN Balance Enquiry Requests).

The Auto-responder will act as the Issuer Registry to facilitate Participant testing for the above mentioned functionality. 

The rules for which the Auto-responder will either "Accept", "Reject" or take no action can be located here for CDE Issuer to Participant Transfer / Conversion and here for CDE SRN / SRN Balance Enquiry

As part of CDE drop 6, the Auto-responder will enable the testing of the following events as per the table below.

The Auto responder will act as the Clearing Participant and Collateral Manager, responding to any Participant initiated Collateral Creation/Removal requests based on the number of units provided in the request.

As part of CDE drop 8, the Auto-responder will enable the testing of the following events as per the table below.

The Auto-responder will act as a Collateral Manager, responding to a Participant initiated Margin Settlement Amount Change Request based on the Settlement Amount provided in the request.

The Auto-responder will act as the Counterparty (either Delivering or Receiving Settlement Party), responding to a Participant initiated Settlement Instruction Request based on the Settlement Transaction Condition, Payment Type and Settlement Amount provided in the request.

As a part of CDE drop 9, the Auto-responder will enable the testing of the following events as per the table below.

The Auto-responder will act as the Issuer Registry, responding to a Participant initiated Bank Account Notification based on the Bank Account Number provided in the Bank Account Notification.

The Auto-responder will act as the Payment Provider, responding to Funds Obligations sent by the CSP during Batch Settlement based on the Authorisation Reason provided in the Funds Obligation.*

The Auto-responder will also act as the Payment Provider for Funds Obligations sent by the CSP for Bilateral Demand Settlement Instructions, responding based on the Authorisation Reason and Settlement Amount provided in the Funds Obligation.*

* - There are differences in functionality between Payment Provider and non-Payment Provider environments.



In Participant environments, the Auto-responder will act as the Offeror, responding to a Controlling Participant initiated Bid Election or Bid Election Withdrawal based on the Unit Quantity provided in the Corporate Action Election message or Corporate Action Election Cancellation message.

In Issuer (Registry) environments, the Auto-responder will act as the Controlling Participant, responding to an Offeror initiated Bid Election based on the Unit Quantity provided in the Corporate Action Election message.

As a part of CDE drop 9.5 (mFund Release), the Auto-responder will enable the testing of the following event as per the table below.

The Auto-responder will act as a Product Issuer Settlement Participant (PISP) for mFund Applications, responding to a pending mFund Application Order Request based on Gross Amount provided in the mFund Application Order Request.

The Auto-responder will also act as a PISP for mFund Redemptions, responding to a pending mFund Redemption Order Request Based on the field populated in the mFund Redemption Order Request.

As a part of CDE drop 10, the Auto-responder will enable the testing of the following events are per the table below.

The Auto-responder will act as RITS for Bilateral Demand Settlement payments, responding to a RITS Payment Request sent by the CSP to RITS based on the Funds Obligation Amount populated in the Funds Obligation Status Advice.

The Auto-responder will also act as the Issuer (Registry), responding to a Controlling Participant initiated DRP/BSP Election, DRP/BSP Election Cancellation or DRP/BSP Election Enquiry based on the rules outlined in CDE DRP/BSP Election and Election Enquiry.

The following table summarises the Auto-responder features available in CDE:

Feature

CDE Drop