July 2020 - Documentation Release Notes

July 2020 Document Release

These release notes detail the scope of the July 2020 documentation release. Please note there is no correlation between the numbering of this publication to future CDE code drops.

This release is the forth 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 11 - Corporate actions;

    • Section 12 - Acquisitions and other events;

    • Section 13 - Cash Market Margining (CMM); and

    • Section 14 - Collateral for exchange traded options.

Documentation updated:

  • ASX Settlement Procedure Guidelines (APG), including:

    • Section 10 - Corporate action principles.

  • Functional specifications, including:

    • Investor Data;

    • mFunds;

    • Default Management; and

    • Settlement Instructions Cancellation.

  • Messaging, including:

    • ASX Proprietary Code List; and

    • Business Message Collection 8.

New and updated content supporting broader Technical Accreditation information:

  • Message Accreditation scripts for Batch settlement and Settlement instruction management; and

  • Forward release plan for publishing subsequent message accreditation scripts.

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

ASX Settlement Procedure Guidelines (APG)

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Operational Procedures & Guidelines

Section 11 - Corporate actions (NEW)

The APG sections released include information regarding:

  • a breakdown of corporate action events, including event details and lifecycles for bonus issues, calls, reconstructions, capital repayments, change in a financial product’s ranking, delisting, distribution in specie, dividend, interest and trust distribution payments, note conversions and option exercises, entitlement issues, security purchase plans and non pro rata offers.

  • a breakdown of acquisitions and other events, including off-market takeovers and buy-backs, schemes of arrangement, maturity and redemption events and reinvestment offers.

  • a breakdown of Cash Market Margining (CMM) including an overview, details and processes for margin settlement, excess cash standing instructions, non-cash collateral, daily collateral statements and daily interest earned.

  • a breakdown of collateral including an overview and the processes for creation and removal of collateral.

Section 12 - Acquisitions and other events (NEW)

Section 13 - Cash Market Margining (CMM) (NEW)

Section 14 - Collateral for Exchange Traded Options (NEW)

APG Changes (Update)

Updated to include changes related to Corporate Actions, Acquisitions and other events, Cash Market Margining and Collateral.

Content Pages (Update)

Updated to include a revised explanatory note as well as changes related to Corporate Actions, Acquisitions and other events, Cash Market Margining and Collateral.

Section 10 - Corporate action principles (Update)

  1. Updated Section 10.1 Corporate Action Concepts to include a new table outlining the applicable corporate action type, including event type code, sub-type code option number (where applicable), option type and holding adjustment reason. Additional details of this change are available here.

  2. Updated to include the Code Change and Class Merger Lifecycle.

  3. Updated Step 2 of the procedure in Section 10.4 to specify the valid holding adjustment reason codes.

Functional Specifications

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Investor Data

Investor Data Overview (Update)

  1. Updated to include a table showing the relevant attribute groups for the types of Investor Data and Foreign Tax Status Details messages a Participant may submit.

  2. Updated to remove the Investor Data and Foreign Tax Status Details Housekeeping overview. This functionality is no longer applicable. The Investor Data Housekeeping Process page has also been removed to reflect this change.

Investor Data Changes (Update)

  1. Updated to include a 'Investor Data and Foreign Tax Status message transmission for an initial mFund Application Order' change.

  2. Updated to remove the ‘Deceased Individual’ and ‘Investor Type’ changes. These changes between CHESS and the CSP are no longer applicable.

Investor Data and Foreign Tax Status Submission Process (Update)

  1. Updated the Investor Data and Foreign Tax Status Submission Process Flow and Investor Data and Foreign Tax Status Submission Process to reflect that where a Related Transaction Id is populated in the Initial Investor Data and Foreign Tax Status Details message, the CSP will reject the Investor Data submission if no matching mFund Application Order exists.

  2. Updated the Investor Data and Foreign Tax Status Details Business Values and Rules tables to include a new ‘Investor Electronic Communication Details’ attribute group.

mFund

mFund Changes (Update)

Updated to include a 'Investor Data and Foreign Tax Status message transmission for an initial mFund Application Order' change.

mFund Application Process (Update)

Updated the mFund Application Process Flow and mFund Application Process to remove steps that are no longer applicable given the updates to the Investor Data and Foreign Tax Status Submission Process.

mFund Application - Acceptance and Settlement (Update)

  1. Updated the mFund Order Status Notification Business Values and Rules tables to reflect changes in terminology:

    • “Awaiting Subscription Money” → “Payment Scheduled”; and

    • “Settled” → “Payment Completed”.

  2. Updated the mFund Order Status Notification Business Values and Rules tables to reflect that the “Payment Status” attribute has replaced the “Scheduled Reason” and “Order Status” attributes.

mFund Redemption - Accepted Redemption Orders & Unit Redemption (Update)

  1. Updated the mFund Redemption - Accepted Redemption Orders & Unit Redemption Process Flow, mFund Redemption - Accepted Redemption Orders & Unit Redemption Process and mFund Order Status Notification Business Payment Scheduled & Payment Completed) Values and Rules tables to reflect changes in terminology:

    • “Awaiting Redemption Money” → “Payment Scheduled”; and

    • “Settled” → “Payment Completed”.

  2. Updated the mFund Order Status Notification Business Values and Rules tables to reflect that the “Payment Status” attribute has replaced the “Scheduled Reason” and “Order Status” attributes.

Corporate Actions

Corporate Actions Overview (Update)

Links to corporate action lifecycles have been redirected to the APG and are now available in Section 10 - Corporate action principles, Section 11 - Corporate actions and Section 12 Acquisitions and other events.

Bonus, Capital Return, Dividend, Interest Payment Lifecycle (Archived)

Corporate action lifecycles have been integrated into the APG and are now available in:

Off-Market Takeovers and Off-Market Buy-backs (Bid Offers) Lifecycle (Archived)

Reconstruction Lifecycle (Archived)

Rights Issue Lifecycle (Archived)

Call Payment (Partly Paid Securities) Lifecycle (Archived)

Code Change and Class Merger Lifecycle (Archived)

Share Purchase Plan Lifecycle (Archived)

Default Management

Default Management Process (Update)

Updated to clarify step order of steps 6 and 7 between the Default Management Process Flow diagram and Default Management Process table.

Bilateral Settlement Instruction

Bilateral Settlement Instruction Cancellation Process (Update)

  1. Updated to clarify the ASX element and ISO message element of Safekeeping Account for Settlement Instruction Cancellation Request (sett_107).

  2. Updated the Business Values and Rules table to include elements applicable for cancellation of a matched Bilateral Settlement Instruction.

Unilateral Settlement Instruction

Unilateral Settlement Instructions Cancellation Process (Update)

Updated to clarify the ASX element and ISO message element of Safekeeping Account for Settlement Instruction Cancellation Request (sett_107).

Entitlement Elections

Participant Initiated Entitlement Election Payment Instruction Process (Update)

Updated Step 14 of the Participant Initiated Entitlement Election Payment Instruction Process table to include the Holding Adjustment Reason that is used in the Holding Adjustment Process.

Messaging

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ISO 20022 Messaging

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

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

The following code lists have been amended:

  • 29-RescheduleReasonCodes_ASX_1

    • Added the following entries:

      • ASX Operations Request (ASXR)

      • ASX Clear Discretion (ASXC)

  • 43-HoldingAdjustmentReason

    • Added the following entries:

      • Acceptance via Issuer (IACC)

    • Added the following entries [05/08]:

      • Buyback Transaction (BYBK)

      • Maturing Security (MATU)

      • Non-Renounceable Issue (NRNI)

      • Participant Paid Rights Election (PPRE)

      • Non Pro-Rata/Priority Issues (PRNP)

      • Renounceable Rights Issue (RENI)

      • Takeover Transaction (TKAC)

      • Acceptance via CHESS (XACC)

    • Deactivated the following entries [05/08]:

      • Subregister Closed (CLOS)

      • Issuer Initiated Holding Adjustment (ISSU)

      • Non-Renounceable Issue (NREI)

      • Non-Renounceable Rights Accepted (NRRA)

      • Non-Renounceable Rights Entitlement (NRRE)

      • Participant Paid Rights Election (PPRE)

      • Priority Issue (PRIO)

      • Renounceable Rights Issue (RHTS)

      • Renounceable Rights Accepted (RNRA)

      • Renounceable Rights Entitlement (RNRE)

      • Settlement Lock / Unlock (SETT)

      • Subregister Suspended (SUSP)

      • Takeover Consideration Issue (TKOC)

Updated: EIS to ISO 20022 Cross Reference Guide

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

  • Updated Settlement Instruction Notification Cancellation (sett_122) to include related Market Trade message reference.

 

ISO 20022 Messaging - TM - Business Error Code List (Update)

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 codes; 1193.

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:

    • “acct_012_001_02_acmt_003_001_07” → “acct_012_001_04_acmt_003_001_07” - Updated to include changes to accommodate optional Mobile number and Email address at account level, including:

      • Added ModifiedServiceLevelAgreement/ModificationScopeIndication;

      • Added ModifiedServiceLevelAgreement/ServiceLevelAgreement/Type;

      • Added ModifiedServiceLevelAgreement/ServiceLevelAgreement/Recipient/NameAndAddress/Name;

      • Added ModifiedServiceLevelAgreement/ServiceLevelAgreement/MethodOfTransmission/Code; and

      • Updated Issuer from Optional → Mandatory to align with other instances of the field in the message.

    • “hold_228_001_01_semt_002_001_10” → ”hold_228_001_02_semt_002_001_10” - Updated to allow only one value 'LONG' in 'Short Long Indicator' field, including:

      • Removed ‘SHORT’ value from ‘BalanceBreakdown/Quantity/ShortLongIndicator’; and

      • Removed the associated annotation.

    • “mfnd_401_001_02_setr_010_001_04” → ”mfnd_401_001_03_setr_010_001_04” - Updated the Extension (<Xtnsn>) element from mandatory → optional.

    • “mfnd_402_001_02_setr_016_001_04” → ”mfnd_402_001_03_setr_016_001_04” - Updated to include the following changes:

      • Removed ConditionallyAccepted/ReasonDetails/Reason/Code;

      • Added ConditionallyAccepted/ReasonDetails/Reason/Proprietary; and

      • Removed value ‘SETT’ from IndividualOrderDetailsReport/OrderStatus/Status.

    • “rptg_601_001_01_semt_021_001_06” → ”rptg_601_001_02_semt_021_001_06” - Updated to removing the TCEB and TSBL report types from the request message as these report types are unsolicited only, including:

      • Removed ‘TCEB' and ‘TSBL’ values from the Report Type (<StatementType><Proprietary><Identification>) element. Refer to Proprietary Code List (ReportType_ASX_1) for further details;

      • Account Identifier (HIN) (<SafekeepingAccount><Identification>) datatype to ‘Exact10NumericOrALLText' and 'NONREF’ value was removed as it is no longer required.

    • “sett_133_001_03_DRAFT1camt_089_001_01” → ”sett_133_001_04_DRAFT1camt_089_001_01” - Updated to added a value ‘FAIL’ in SettlementAccountNetPosition/AuthorisationReason to be used when the funds obligation message is sent after funds obligation recalculation in default scenario.

    • “sett_170_001_02_admi_004_001_02” → ”sett_170_001_03_admi_004_001_02” - Updated to add Element 'Event Information/Event Description' as optional. This information was originally communicated as part of June 2020 - Documentation Release Notes.

Connectivity

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CHESS User Interface Connectivity

CHESS User Interface Overview (Update)

  1. Updated to include a link to the 29 July 2020 I&T WG.

  2. Updated to reflect that the CHESS UI is built to WCAG 2.0 level AA standards.

  3. Updated the CHESS UI Features table to reflect additional functionality that will be available for ITE 1.

CHESS UI - Account and Holder Modification

Updated to reflect that additional functionality will be available for ITE 1.

CHESS UI - Account and Holder Locking and Unlocking

CHESS UI - Message Centre Overview

CHESS UI - User Management Overview

CHESS UI - UIC Context Switching

Environments

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Environments

Industry Wide Testing (IWT) Environment (Update)

Updated to align with terminology from the June 2020 Consultation Paper from Industry Wide Testing (IWT) Environment → Industry Test Environment (ITE).

IWT Overview (Update)

  1. Updated to align with terminology from the June 2020 Consultation Paper from Industry Wide Testing (IWT) Environment → Industry Test Environment (ITE).

  2. Updated to include key ITE milestones outlined in the June 2020 Consultation Paper.

Technical Accreditation (Update)

These release notes detail the scope of the fifth release of technical accreditation information. Release 5 focuses on:

  • Message accreditation scripts for Batch settlement and Settlement instruction management; and

Updated: CHESS User by Feature, Message

  • Added Batch settlement and Settlement instruction management to the CHESS User by Feature, Message table.

Updated: Messaging Accreditation Scripts

  • Updated Messaging Accreditation Scripts to support Batch settlement and Settlement instruction management; and

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

Frequently Asked Questions (FAQs)

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Frequently Asked Questions (FAQs)

FAQs - Implementation and Transition (Update)

Updated to include I&T working group 13 July 2020 – webinar questions and answers.

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.

As further APG sections are released, ASX will expand terminology grouping.

Included the following new terms and definitions:

  • ‘Participant Bidder’; and

  • 'Participant Offeror'.

Updated the following terms and definitions:

  • 'Participant' have been updated to include similar (related) terms.