June 2020 - Documentation Release Notes

June 2020 Document Release

These release notes detail the scope of the June 2020 documentation release. Please note that from this point as we continue publishing market-facing documentation there is no correlation between the numbering of this publication to future CDE code drops.

This release is the third to include ASX Settlement Procedure Guidelines (APG) content. Sections released will be updated in subsequent releases as information becomes available. It also includes updates to some areas of functionality and messaging from a prior release. Full details are provided below. Updates to previously published functionality or corrections have been identified in orange on relevant pages. Changes to APG sections will be accompanied by a page history comparison per 1.7 Maintenance and Updates. Deletions, code snippets, hyperlinks, images, name changes and major updates to pages or tables are not marked in orange.

New documentation:

  • ASX Settlement Procedure Guidelines (APG)

    • Section 08 - Market Trade Processing;

    • Section 09 - Settlement; including

      • Settlement Locks and Links.

    • Section 10 - Corporate Action Principles; including

      • Diary Adjustments.

Documentation updated:

  • ASX Settlement Procedure Guidelines (APG); including

    • Section 01 - Introduction to this guide;

    • Section 02 - CHESS overview;

    • Section 06 - Transfers and conversions between subregisters;

    • Section 07 - Transfers between CHESS accounts;

  • Projected Funds Obligation Process; and

  • Default Management.

New and updated content supporting broader Technical Accreditation information:

  • Message Accreditation scripts for Trade registration, Collateral management and Netting; and

  • Forward release plan for publishing subsequent message accreditation scripts.

A full archive of content prior to the June 2020 Documentation Release is available here for reference.

ASX Settlement Procedure Guidelines (APG)

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Operational Procedures & Guidelines

Section 08 - Market trade processing (NEW)

The APG sections released include information regarding:

  • a breakdown of market trade processing concepts, including order processing, trade processing, novation, delivering netting, and transactions with non-participant clients;

  • a breakdown of settlement concepts, including settlement principles, settlement cut-off, batch settlement, default management, settlement failure and standard settlement price for failed net delivery; and

  • a breakdown of corporate action principle concepts, including diary adjustments, code changes, reconstruction effects on subpositions, subregister status changes, late company notices and franking credits.

Section 09 - Settlement (NEW)

Section 10 - Corporate Action Principles (NEW)

APG Changes (Update)

Updated to include changes related to Market Trade Processing, Settlement, Corporate Action Principles and Diary Adjustments.

Content Pages (Update)

Updated to include a revised explanatory note as well as changes related to Market Trade Processing, Settlement and Corporate Action Principles and Diary Adjustments.

Section 01 - Introduction to this guide (Update)

Updated Section 1.7 Maintenance and Updates to include further detail on how to view APG changes. Additional details of this change are available here.

Section 02 - CHESS overview (Update)

Updated to included references to Section 08 - Market trade processing and Section 09 - Settlement. Additional details of this change are available here.

Section 06 - Transfers and conversions between subregisters (Update)

Updated to detail restrictions on functionality that exist due to the status of a subregister.

Additional details of this change are available here.

Section 07 - Transfers between CHESS accounts (Update)

  1. Updated to detail restrictions on functionality that exist due to the status of a subregister.

  2. Update to clarify section 7.2.3 Bilateral Demand Settlement Instruction.

Additional details of this change are available here.

Functional Specifications

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Reporting

Projected Funds Obligation Process (Update)

  1. Updated to include the Projected Funds Obligation Process Flow diagram and the Projected Funds Obligation Process table.

  2. Removed ‘Additional information regarding the Funds Obligation Process will be made available in a subsequent release.’

Batch Settlement Overview

Batch Settlement Overview (Update)

Updated to include further information regarding Settlement Cut-off Extension.

Batch Settlement Changes (Update)

Updated to include 'Valuation price used for mark to market calculations'.

Aggregate Funds Obligation Process (Update)

Updated Aggregate Funds Obligation Process Step 11 to include a link to the Default Management Process.

Default Management

Default Management Changes (NEW)

NEW page detailing changes regarding the difference between CHESS and the CSP regarding the handling of Default Management.

Default Management Process (NEW)

NEW page detailing how Default Management is handled in the CSP.

Payment Facility Rejection Process (NEW)

NEW page detailing how Payment Facility Rejection is handled in the CSP.

Back-out Algorithm Process (NEW)

NEW page detailing how the Back-out Algorithm is handled in the CSP.

Default Management Overview (Update)

  1. Updated to include further information on Rejection of an mFund Payment Facility.

  2. Updated info box to provide clarification on the information presented.

  3. Updated to rename Funds Failure Algorithm → Back-out Algorithm.

Notifications

Broadcast Notification Process (Update)

NEW page detailing how the Broadcast Notification is handled in the CSP.

Accounts

Account and Holder Modification Overview (Update)

Updated “Holder Type” section to reflect that the Holder Type of a Holder of an Account (HIN) can be changed to/from Individual from/to Company. This update also outlines the new guidelines that a Participant follow to update the Holder Type.

Account and Holder Modification Process (Update)

Updated to reflect that the Holder Type of a Holder of an Account (HIN) can be changed to/from Individual from/to Company and the new guidelines that a Participant must follow to update the Holder Type.

Code Change and Class Mergers

Code Change and Class Mergers Overview (Update)

Updated to include “Where the Class Merger affects a Collateral sub-position, Bid Election sub-position or Holding Administration Lock Balance, the relevant parties for each Holding Balance will be informed in addition to the Controlling Participant”.

Class Merger Process (Update)

Updated Class Merger Process Flow, Class Merger Process table and the Securities Balance Report Business Values and Rules table description to include content on the Securities Balance Report (hold_228) messages that may be sent to the Issuer (Registry), ASX Clear, ETO Clearing Participant and Offeror.

Payment Facilities

Payment Provider Authorisation for RTGS Payments Process (Update)

Updated Payment Provider Authorisation for RTGS Payments Process Flow, Payment Provider Authorisation for RTGS Payments Process table and the Transaction Acknowledgement Advice Business Values and Rules table and description to clarify that a Transaction Acknowledgement Advice (comm_809) will be sent to the Paying and Receiving Payment Providers where RITS unsuccessfully processes a RITS payment request.

Market Trade

Trade Capture (New) Process (Update)

Updated to include details on the Settlement Instruction Message Cancellation (sett_122) messages that are sent following the ASX Clear removal of Cash CCP Transactions.

Messaging

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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 - Broadcast Notification

The following messages has been added:

  • sett_170_admi_004

Updated: ISO 20022 Messaging - MC - Settlement message collection

The following message has been updated:

  • sett_122_semt_020 - Settlement Instruction Message Cancellation Advice

    • Updated message description and pre-requisites

Updated: ISO 20022 Messaging - MC - Class Merger

  • Updated UML to reflect the updates made to the Functional Specification.

Updated: ISO 20022 Messaging - MC - Market Trade

  • The following message has been added:

    • sett_122_semt_020

  • Updated UML to reflect messages that are sent following the ASX Clear removal of Cash CCP Transactions.

ISO 20022 Messaging

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

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

The following code list has been added:

  • 61-AdjustmentReason_ASX_1

  • 62-SuspendedReason_ASX_1

The following code lists have been amended:

  • 14-CancellationReasonCode_ASX_1

    • Added the following entries:

      • ASX Operations Request (ASXR)

      • ASX Clear Discretion (ASXC)

  • 20-HoldingStatusUpdateReason_ASX_1

    • Added the following entries:

      • ASX Operations Request (ASXR)

      • ASX Clear Discretion (ASXC)

  • 29-RescheduleReasonCodes_ASX_1

    • Added the following entries:

      • Transfer Settlement Instruction to New Participant (TSIP)

      • Offsetting Transaction Arrangement (OTAR)

      • Failed Settlement - Payment Shortfall (FSPS)

  • 44-HolderAccountUpdateReason_ASX_1

    • Added the following entry:

      • Change of Holder Type (TYPE)

  • 49-CancellationOrderReason_ASX_1

    • Added the following entries:

      • ASX Operations Request (ASXR)

      • ASX Clear Discretion (ASXC)

  • 54-UpdateOrderReason_ASX_1

    • Added the following entries:

      • Rescheduled by ASX Operations (RPAO)

      • Rescheduled Payment Funds Rejection (RPFR)

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.

Update: Collections for Release 8 and ISO 20022 Messaging - TM - Business Message Parameters - Release 8

  • Updated the following entries:

    • “sett_129_001_02“ → “sett_129_001_03“ - Changed 'ProcessingStatus/Proprietary/ProprietaryReason/Reason/Identification' to reference the ASX Proprietary Code List.

    • “sett_139_001_02” → “sett_139_001_03” - Updated to incorporate the following:

      • Changed 'GeneratedReason/Code/Proprietary/Identification' to reference the ASX Proprietary Code List.

      • Updated element 'QuantityAndAccountDetails' to mandatory.

      • Updated element 'Linkages/ProcessingPosition/Proprietary/Identification' to optional.

      • Updated element 'DeliveringSettlementParties' to optional.

      • Updated element 'ReceivingSettlementParties' to optional.

  • Updated the following XSD entry:

    • “ASX_AU_CHS_comm_802_001_04_xasx_802_001_01.xsd” → “ASX_AU_CHS_comm_802_001_04_xasx_802_001_04.xsd”

FIX Messaging

FIX Messaging - TM - EIS to FIX Cross Reference Guide

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

  • Added the following EIS messages; EIS 100 and EIS 518.

Updated: FIX Messaging - FS - Message Flow Diagrams

  • Updated UML to reflect that a FIX AR that is sent following the ASX Clear removal of Cash CCP Transactions.

Connectivity

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ASX Net

Site to Site IPSec VPN Internet Connectivity (Update)

Updated the statement on IPSec VPN to state “IPSec VPN provides an alternative non-redundant connectivity option for ASX Clients to connect seamlessly and securely into the ASX Network via the Internet, IPSecVPN is available in all non-production environments and available to low volume users in production subject to ASX approval.“

Connectivity

Connectivity Overview (Update)

  1. Updated references to ‘Browser’ and ‘UI’ → ‘CHESS User Interface (UI)’.

  2. Updated Connectivity options table.

  3. Updated references to ‘Direct (Node) Integration’ → ‘Ledger API Connectivity’.

Connectivity Comparison (Update)

Updated references to ‘Direct (Node) Integration’ → ‘Ledger API Connectivity’.

Ledger API Integration (Update)

Ledger API Integration Overview (Update)

Ledger API Connectivity to the CSP (Update)

Connect to the Ledger (Update)

Build the Command Data Structure (Update)

Ledger API Breakdown (Update)

Ledger API Access (Update)

Ledger API Integration Feature Breakdown (Update)

Ledger API Integration Feature Overview (Update)

Ledger API Integration Streaming (Update)

Ledger API Integration Transacting (Update)

CHESS User Interface Connectivity

CHESS UI - Settlement Instructions Overview (NEW)

NEW page detailing the Settlement Instruction functionality available to CHESS Browser UI users.

CHESS User Interface Connectivity (Update)

Updated references of ‘Browser’ and ‘UI’ → 'CHESS User Interface (UI)'.

CHESS User Interface Overview (Update)

CHESS UI - Accounts Overview (Update)

CHESS UI - Account and Holder View and Query (Update)

CHESS UI - Account and Holder Creation (Update)

CHESS UI - Account and Holder Modification (Update)

CHESS UI - Account and Holder Locking and Unlocking (Update)

CHESS UI - Account Cancellation (Update)

CHESS UI - Account Holdings View and Query (Update)

CHESS UI - Message Centre Overview (Update)

CHESS UI - Message Input (Update)

CHESS UI - Message Search (Update)

CHESS UI - User Management Overview (Update)

CHESS UI - On-boarding and Registration (Update)

CHESS UI - Log in and Log out (Update)

CHESS UI - User Account Creation and Management (Update)

CHESS UI - UIC Context Switching (Update)

Environments

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Environments

Environments Overview (Update)

Updated timeline based on information within the June 2020 Consultation paper.

Technical Accreditation (Update)

These release notes detail the scope of the fourth release of technical accreditation information. Release 4 focuses on:

  • Message accreditation scripts for Trade registration, Collateral management and Netting; and

Updated: CHESS User by Feature, Message

  • Added Trade registration, Collateral management and Netting sections to the CHESS User by Feature, Message table.

Updated: Messaging Accreditation Scripts

  • Updated Messaging Accreditation Scripts to support Trade Registration and Collateral Management, Netting.

  • Updated Forward Release Plan for subsequent message accreditation script publish dates.

Release Notes

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Forward Release Plan (Update)

Updated forward release plan based on information within the June 2020 Consultation paper.

CHESS Replacement Scope (Update)

  1. Updated Day 1 New Business Requirements table based on information within the June 2020 Consultation paper.

  2. Removed Mandatory/Optional Classification of New Business Requirements section.

Frequently Asked Questions (FAQs)

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Frequently Asked Questions (FAQs)

FAQs - Connectivity (Update)

Updated Connectivity FAQs to include answers to the following question:

  • I currently use iVPN to connect to production can I use IPSec VPN in the future?

Updated references of ‘Browser’ → ‘CHESS User Interface (UI)’ and ‘Direct (Node) Integration’ → ‘Ledger API Connectivity’.

Glossary

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Glossary Terms (Update)

Lists and defines terms used in technical documentation. This glossary is for general guidance only. It does not amend or replace any definitions used in any ASX rulebooks.

Included the following new terms and definitions:

  • Settlement Cut-off; and

  • Fund Request Cut-off.

Updated the following terms and definitions:

  • Ledger API Integration (formerly Direct (Node) Integration); and

  • Record Date.

CHESS Replacement Documentation Homepage

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CHESS Replacement Documentation Homepage (Update)

Landing page for CHESS Replacement Documentation.

Updated to remove reference to ‘Technical Documentation’ and clarify the content available to subscribers. Documentation publications since April 2020 have incorporated both technical documentation and operational procedures and guidelines (referred to as APGs).