September 2020 - Documentation Release Notes

September 2020 Document Release

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

This release is the sixth 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 20 - Claims for entitlements;

    • Section 21 - Reporting;

    • Section 22 - Issuer (registry) procedures;

    • Section 23 - mFund settlement service; and

    • Section 24 - Foreign tax compliance.

Documentation updated:

  • ASX Settlement Procedure Guidelines (APG), including:

    • Section 04 - Account administration.

  • Functional specifications, including:

    • API Contracts for Settlement Instructions and Demand Transfers;

    • Reporting;

    • mFunds;

    • Holding Adjustments; and

    • Distribution Status Advice.

  • Messaging, including:

    • Related messaging specifications;

    • ASX Proprietary Code List; and

    • EIS to ISO 20022 Cross Reference Guide.

New and updated content supporting broader Technical Accreditation information:

  • Message Accreditation scripts for Market Trades (AMO), AMO Pricing, Issuer Agents Transfer and Settlement Locks; and

  • Forward release plan for publishing subsequent message accreditation scripts.

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

ASX Settlement Procedure Guidelines (APG)

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Operational Procedures & Guidelines

Section 20 - Claims for entitlements (NEW)

The APG sections released include information regarding:

  • a breakdown of claims for entitlements, including the transfer and compensation of franking credits and management of entitlements;

  • a breakdown of messaged based reporting, including end of day and demand reporting;

  • a breakdown of issuer (registry) procedures;

  • a breakdown of mFund settlement service, the roles within it, the settlement of mFunds and mFund change of PISP and unit registry processes; and

  • a breakdown of foreign tax compliance and the rules for CHESS foreign tax status validation.

Section 21 - Reporting (NEW)

Section 22 - Issuer (registry) procedures (NEW)

Section 23 - mFund settlement service (NEW)

Section 24 - Foreign tax compliance (NEW)

APG Changes (Update)

Updated to include changes related to Claims for entitlements, Reporting, Issuer (registry) procedures, mFund settlement service and Foreign tax compliance.

Content Pages (Update)

Updated to include a revised explanatory note as well as changes related to Claims for entitlements, Reporting, Issuer (registry) procedures, mFund settlement service and Foreign tax compliance.

Section 04 - Account administration (Update)

  1. Updated to include the following new sections:

    • 4.3 - Provision of Email Addresses;

    • 4.4 - Provision of Tax File Numbers (or TFN Exemption Codes) and Australian Business Numbers; and

    • 4.5 - Provision of Bank Account Details.

  2. Renumbered existing sections to reflect the inclusion of the new sections above.

  3. Renumbered section 4.2 Registration Name and Address Standards due to a missing sub-section number (4.2.2).

  4. Updated section 4.2.4 Communication Preference content introduction from “The communication preference identifies the method in which communication between ASXS, the issuer (registry) and the holder is delivered” to “The communication preference identifies the method in which communication from ASXS to the issuer (registry) and the holder is delivered”.

  5. Updated section 4.9 Account and Holder Locking content outlining what CHESS prevents prevents when an account is locked from “issuer (registry) movements that result in a decrease to a security balance (with the exception of a reconstruction event)” to “issuer (registry) movements that result in a decrease to a security balance (with the exception of a reconstruction or in the event an account is locked as a result of death or bankruptcy)”.

Additional details of this change are available here.

Functional Specifications

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Holding Transfers

Unilateral Demand Transfer Process (Update)

Updated Functional Specification process tables to include Observer and API Contract information.

Bilateral Demand Transfer Process (Update)

Bilateral Demand Transfer Cancellation Process (Update)

Bilateral Demand Housekeeping Process (Update)

Unilateral Settlement Instruction Process (Update)

Unilateral Settlement Instruction Cancellation Process (Update)

Bilateral Settlement Instruction Process (Update)

Bilateral Settlement Instruction Cancellation Process (Update)

Bilateral Settlement Instruction Cancellation Withdrawal Process (Update)

Bilateral Settlement Instruction Update Process (Update)

Bilateral Settlement Instruction Housekeeping Process (Update)

Bilateral Demand Settlement Instruction Process (Update)

Bilateral Demand Settlement Instruction Cancellation Process (Update)

Bilateral Demand Settlement Instruction Housekeeping Process (Update)

Notifications

Change in Holding Balance (Update)

Reporting

Reporting Overview (Update)

  1. Updated the End of Day Reports section to clarify that reports will only be sent to Issuer (Registries).

  2. Updated the Demand Reports table to clarify the Requesting Party column.

  3. Updated the Projected Funds Obligation section to clarify the CSP will generate two notifications to Payment Providers for the current day’s batch settlement cycle.

Demand Reporting Process

Holding Balance (HBAL) (Update)

  1. Updated to include Warrant Issuer’s Agent as a requesting party for this report.

  2. Updated the Report Process to include Step 3 and 6.

    • Step 3 includes a Transaction Acknowledgement Advice (comm_809) sent to the requesting participant to acknowledge the CSP has received, and will generate the requested report.

    • Step 6 includes the business validation which occurs prior to the EOD Demand report being generated.

  3. Updated to clarify the Frequency element in the Report Business Values and Rules. All demand reports, including those delivered at the end of day, will be populated with an Ad-hoc (ADHO) frequency.

Holding Subposition Balance (HSBL) (Update)

  1. Updated to include Settlement Lock Balance as a balance that can be queried as part of this reporting workflow.

  2. Updated to clarify the Frequency element in the Report Business Values and Rules. All demand reports, including those delivered at the end of day, will be populated with an Ad-hoc (ADHO) frequency.

  3. Updated the Report Process to include Step 3. This step includes a Transaction Acknowledgement Advice (comm_809) sent to the requesting participant to acknowledge the CSP has received, and will generate the requested report.

Cum Entitlement Balance (CEBL) (Update)

  1. Updated to clarify the Frequency element in the Report Business Values and Rules. All demand reports, including those delivered at the end of day, will be populated with an Ad-hoc (ADHO) frequency.

  2. Updated the Report Process to include Step 3. This step includes a Transaction Acknowledgement Advice (comm_809) sent to the requesting participant to acknowledge the CSP has received, and will generate the requested report.

Holding Net Movement (HMVT) (Update)

  1. Updated to remove Warrant Issuer’s Agent as a requesting party for this report.

  2. Updated the Report Process to include Step 3 and 6.

    • Step 3 includes a Transaction Acknowledgement Advice (comm_809) sent to the requesting participant to acknowledge the CSP has received, and will generate the requested report.

    • Step 6 includes the business validation which occurs prior to the EOD Demand report being generated.

  3. Updated to clarify the Frequency element in the Report Business Values and Rules. All demand reports, including those delivered at the end of day, will be populated with an Ad-hoc (ADHO) frequency.

Cum Entitlement Net Movement (CEMV) (Update)

Account Notification Reporting (ACNT) (Update)

Updated the Report Process to include Step 3. This step includes a Transaction Acknowledgement Advice (comm_809) sent to the requesting participant to acknowledge the CSP has received, and will generate the requested report.

Counterparty Funds Balance (CFBL) (Update)

End of Day Reporting Process

Total Security Balance (TSBL) (Update)

Updated to remove Warrant Issuer’s Agent as a recipient of this report.

Total Security Balance (TSBL) (Update)

Cum Entitlement Balance (CEBL) (Update)

Holding Net Movement (HMVT) (Update)

Cum Entitlement Net Movement (CEMV) (Update)

mFund

mFund Application Overview (Update)

Updated the Unsolicited Issuer Confirmation section which states a notification is provided for the issue of Fund units onto an Account (HIN) in an ‘Order Reapply’ circumstance. This is now ‘Order Reversal and Reapply’.

mFund Application Process (Update)

Updated the mFund Application Process table to clarify the related specification. This step previously referred to Cancellation by PISP Process instead of the mFund Application - Participant Cancellation Process.

mFund Application - Unsolicited Issuer Confirmation (Update)

  1. Updated the Unsolicited Issuer Confirmation Process Flow and table to include the optional Holding Adjustments process step.

  2. Updated the Unsolicited Issuer Confirmation Process table to include the optional Holding Adjustments process step.

  3. Updated the Business Values and Rules for mFund Application Order Confirmation (mfnd_406) to include adding the following confirmation reasons:

    • Order Reapply (MORP);

    • Fee Rebate (MFEE); and

    • Rounding Differential (MRND).

mFund Application - Acceptance and Settlement (Update)

  1. Updated Step 1 of the Acceptance and Settlement Process Flow to reflect that there is no limit to the number of times an update to the the Unit Pricing Date and/or Unit Allotment may be sent prior to the unit allotment date;

  2. Updated Step 6 of the Acceptance and Settlement Process Flow to clarify between the first valid acceptance and an updated unit pricing date and/or unit allotment date being advised;

  3. Updated the Business Values and Rules tables for mFund Order Status Notification (Accepted) - PISP and mFund Order Status Notification (Accepted) - Requesting Participant to reflect the above two updates.

mFund Redemption Overview (Update)

Updated the Unsolicited Issuer Confirmation section which states a notification is provided for the redemption of units from the Account (HIN) in the following circumstance:

  • Changed ‘Order Reversal' → ‘Order Reversal and Reapply’;

  • Added:

    • Fee Rebate; and

    • Rounding Differential.

mFund Redemption - Unsolicited Issuer Confirmation (Update)

  1. Updated the Unsolicited Issuer Confirmation Process Flow and table to include the optional Holding Adjustments process step.

  2. Updated the Business Values and Rules for mFund Redemption Order Confirmation (mfnd_409) to include the following:

    • Added the Order Reversal (MORV) Confirmation Reason;

    • Added the following statement under Deal Reference: ‘When the mFund Application Order Confirmation is being sent to complement a unit adjustment relating to a completed mFund Application Order or mFund Redemption Order e.g. Order Reapply, this reference should be the Transaction Id of the completed order it pertains to.’

mFund Application & Redemption Rescheduling Overview (Update)

Updated the mFund Application & Redemption Rescheduling scenarios to include the following changes:

  1. Adjusted the following scenario from ‘Suspended, Closed, or Archived Sub-register’ → ‘Suspended or Closed Sub-register’;

  2. Removed the following scenario ‘Locked Delivering Account (HIN)’; and

  3. Added the following scenarios; ‘Added Payment Provider rejects the funds obligation of a Payment Facility with a sub-type of ‘mFund Application’ or mFund Redemption' and 'ASX Clear Request’.

mFund Application & Redemption Rescheduling Process (Update)

Updated the Business Values and Rules for mFund Order Status Notification (mfnd_402) to include the following Update Order Reason changes:

  • Removed:

    • Rescheduled Payment Security Archived (RPSA); and

    • Rescheduled Payment Account Locked (RPAL).

  • Added:

    • Rescheduled by ASX Operations (RPAO);

    • Rescheduled Payment Funds Rejection (RPFR); and

    • Rescheduled Scheduled Batch Settlement Cancelled (CANC).

Holding Adjustments

Holding Adjustments Process (Update)

Updated the Business Values and Rules for Holding Adjustment Notification (hold_226) to include the following changes:

  • Added the Order Correction (MCOR) Reason code.

  • Removed the note regarding Other Event (OTHR). This information is duplicated in the Proprietary Code List (HoldingAdjustmentReason).

  • Added a note regarding when a Holding Adjustment is sent for an mFund Security for Registry Reference.

Distribution Advice Notification

Distribution Advice Notification Process (Update)

Updated the Distribution Advice Notification Process Flow and table to include the optional Holding Adjustments process step.

Accounts

Account and Holder Creation Process (Update)

Updated to remove the Actor.Actor (nominated accounts only) API Contract. This contract is not required for the account creation, modification and cancellation workflow.

Account and Holder Modification Process (Update)

Account Cancellation Process (Update)

Isolate Counterparty

Isolate Counterparty Process (Update)

Updated steps 5 and 6 to clarify the recipient and messages received when ASX Operations triggers the workflow.

Transfers and Conversions

Participant to Issuer Sponsored Conversion Process (Update)

Messaging

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ISO 20022 Messaging

ISO 20022 Messaging - Message Catalogue (MC) (Update)

Updated: ISO 20022 Messaging - MC - Bilateral Demand Settlement Instruction

  1. Updated the Matched Bilateral Demand Settlement Instructions UML to correct the Transaction Ids and Counterparty Ids so that valid values are now represented in each scenario.

  2. Updated the Matched Bilateral Demand Settlement Instructions UML Obligation Ids to reflect the correct format of an Obligation Id.

Updated: ISO 20022 Messaging - MC - Reporting

  • Updated Demand Reporting UMLs to include a Transaction Acknowledgement Advice (comm_809) sent to the requesting participant to acknowledge the CSP has received, and will generate the requested report.

Updated: ISO 20022 Messaging - MC - Common message collection

  • Updated comm_809_admi_007 - Transaction Acknowledgement Advice to include Demand Reporting as a requirement that includes this message.

Updated: ISO 20022 Messaging - MC - Issuer to Participant Transfers & Conversions

  • Updated UML to clarify an incorrect transaction ID from ‘01142|11111200’ → ‘01142|12345200’ on the Transfer/Conversion Confirmation (hold_216), Transfer/Conversion Status Advice (hold_213) and Securites Message Cancellation Advice (215).

Updated: ISO 20022 Messaging - MC - Account Cancellation

  • Updated UML to clarify an incorrect message flow direction of Account Modification Instruction Acknowledgement (acct_018) and Account Notification (acct_002) from the CSP → Participant.

Updated: ISO 20022 Messaging - MC - Market Trade

  • Updated UML to remove the related block on Settlement Instruction Message Cancellation Advice (sett_122). The related block is not applicable for Settlement Instruction Message Cancellation Advice (sett_122).

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

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

The following code lists have been amended:

  • 54-UpdateOrderReason_ASX_1

    • Deactivated the following entries:

      • Remove Rescheduled Payment Security Archived (RPSA); and

      • Rescheduled Payment Account Locked (RPAL).

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

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

  • Updated Transaction Acknowledgement Advice (comm_809) to include the following related message references:

    • Payment Provider Authorisation for RTGS Payments Process;

    • Payment Facility Rejection; and

    • Demand Reporting.

Connectivity

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Ledger API Integration

Contracts Overview (Update)

Updated to include an information box stating ‘Developers using the Ledger API Contracts should be aware that published API Contracts may change as part of subsequent CDE releases.’

API Contract Catalogue

Settlement Instructions API Contracts (NEW)

NEW chapter of the catalogue including API Contracts related to Settlement Instructions.

Demand Transfers API Contracts (NEW)

NEW chapter of the catalogue including API Contracts related to Demand Transfers.

Holdings API Contracts (Update)

Updated Holding.Holding and Holding.HoldingLock to reflect the release of the Settlement Instructions API Contracts chapter of the catalogue.

Entities API Contracts (Removed)

Updated to remove Entities API Contracts to reflect the change to Account Creation, Modification and Cancellation functional specifications.

CHESS User Interface

CHESS UI - User Account View and Query (NEW)

NEW pages detailing the User Account management functionality available to CHESS UI users.

CHESS UI - User Account Creation (NEW)

CHESS UI - User Account Management (NEW)

CHESS UI - User Account Creation and Management (Removed)

Updated to remove placeholder page following the release of the above documentation detailing User Account management.

CHESS User Interface Overview (Update)

Updated to reflect the release of the User Account management documentation.

CHESS UI - User Management Overview (Update)

Updated the Data Download role permission description from “Ability to bulk download data in CSV format in the CHESS UI” to “Ability to bulk download data in the CHESS UI”.

Environments

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Environments

Technical Accreditation (Update)

These release notes detail the scope of the seventh release of technical accreditation information. Release 7 focuses on:

  • Message accreditation scripts for Market Trades (AMO), AMO Pricing, Issuer Agents Transfer and Settlement Locks; and

Updated: CHESS User by Feature, Message

  • Added Market Trades (AMO), AMO Pricing, Issuer Agents Transfer and Settlement Locks to the CHESS User by Feature, Message table.

Updated: Messaging Accreditation Scripts

  • Updated Messaging Accreditation Scripts to support Market Trades (AMO), AMO Pricing, Issuer Agents Transfer and Settlement Locks; and

  • Updated Forward Release Plan for subsequent message accreditation script publish dates and remove holding administration lock and default management as messages used in these features were covered in other accreditation scenarios.

Testing

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Testing

Known Issues & Limitations (Update)

Updated the Defect table to include ‘Collateral cover can be created, increased, removed or reduced on a locked Account (HIN).’

Release Notes

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Forward Release Plan (Update)

Updated to include Holding Administration Locks (CDE8). For further information, refer to September 2020 - CDE Code Drop Notes.