Operational Procedures & Guidelines

Section 25 - Real Time Gross Settlement (RTGS) (NEW)

The APG sections released include information regarding an overview Real Time Gross Settlement (RTGS), the RTGS processes and the locking and unlocking of RTGS.

Glossary (NEW)

NEW page that lists all terms available in the Glossary. Refer to the Glossary Release Notes below for further details.

APG Changes (Update)

Updated to include changes related to Real time gross settlement and Glossary terms.

Content Pages (Update)

Updated to include a revised explanatory note as well as changes related to Real time gross settlement and Glossary terms.

Section 02 - CHESS overview (Update)

• Updated Section 2.1.4 Approved Financial Products to include a link to Section 16 - CHESS depositary interests.

• Removed the placeholder under Section 2.1.4 Approved Financial Products stating that the CHESS depositary interests section will be made available in a subsequent release.

• Updated Section 2.1.12 Users of CHESS to include Specialist Settlement Participant and Product Issuer Settlement Participant in the CHESS User table.

• Updated Section 2.2 CHESS Processing Schedule to include links to the Section 10 - Corporate action principles; Section 11 - Corporate actions Section 13 - Cash Market Margining (CMM); Section 21 - Reporting; and Section 23 - mFund settlement service.

• Removed the placeholder under Section 2.2 CHESS Processing Schedule stating that the Corporate actions, Reporting, ASX Managed Funds Service, and Cash Market Margining sections will be made available in a subsequent release.

Additional details of this change are available here.

Section 03 - Participation in the settlement facility (Update)

• Updated Section 3.3 Clearing Participants to include a link to Section 13 - Cash Market Margining (CMM).

• Removed the placeholder under Section 3.3 Clearing Participants stating that the Cash Market Margining (CMM) section will be made available in a subsequent release.

• Updated Section 3.4.4 Product Issuer Settlement Participants to include a link to Section 23 - mFund settlement service.

• Removed the placeholder under Section 3.4.4 Product Issuer Settlement Participants stating that the mFund section will be made available in a subsequent release.

Additional details of this change are available here.

Section 04 - Account administration (Update)

• Updated Section 4.8.1 - Changing the Controlling Participant for One Account (HIN) and Section 4.8.2 - Changing the Controlling Participant for Multiple Accounts (HINs) (Bulk Movement) to include a link to Section 23 - mFund settlement service.

• Removed the placeholder under Section 4.8.1 - Changing the Controlling Participant for One Account (HIN) and Section 4.8.2 - Changing the Controlling Participant for Multiple Accounts (HINs) (Bulk Movement) stating that the mFund section will be made available in a subsequent release.

• Updated Section 4.9 - Account and Holder Locking to include a link to the Holding Adjustments Overview.

• Removed the placeholder under Section 4.9 - Account and Holder Locking stating that additional details on Holding Adjustments will be made available in a subsequent release.

Additional details of this change are available here.

Section 08 - Market trade processing (Update)

• Updated Step 4 of Section 8.2 - Trade Processing to include a link to Section 21 - Reporting.

• Removed the placeholder under Step 4 of Section 8.2 - Trade Processing stating that the Reporting, section will be made available in a subsequent release.

Additional details of this change are available here.

Section 09 - Settlement (Update)

• Updated Section 9.1 - Settlement Principles, Section 9.1.7 - Batch Settlement Overview and Section 9.1.14 - Automatic Close-Out Requirement to include a link to Section 23 - mFund settlement service

• Removed the placeholder under Section 9.1 - Settlement Principles, Section 9.1.7 - Batch Settlement Overview and Section 9.1.14 - Automatic Close-Out Requirement stating that the mFund section will be made available in a subsequent release.

• Updated Section 9.1.7 - Batch Settlement Overview to include a link to Section 13 - Cash Market Margining (CMM).

• Removed the placeholder under Section 9.1.7 - Batch Settlement Overview stating that the Cash Market Margining (CMM) section will be made available in a subsequent release.

Additional details of this change are available here.

Section 18 - Warrants (Update)

• Updated Section 18.1.2 - Reporting for Warrant Issuer’s Agents to include a link to Section 21 - Reporting.

• Removed the placeholder under Section 18.1.2 - Reporting for Warrant Issuer’s Agents stating that the reporting section will be made available in a subsequent release.

Additional details of this change are available here.

Section 23 - mFund settlement service (Update)

Updated terminology and wording in Section 23.1 - mFund Settlement Service Overview from:

• “broker sponsored investors” to “security holders”; and

• “between issuer sponsored and broker sponsored holdings” to “between the issuer sponsored and CHESS subregisters”.

Additional details of this change are available here.

Batch Settlement Overview

Aggregate Funds Obligation Process (Update)

1. Update to amend swimlane party from “Settlement Participant” → “Settlement Participant / PISP” for clarification purposes.

2. Update to step 2 of the Aggregate Funds Obligation Process to amend the receiving party from “Settlement Participant” → “Settlement Participant / PISP” for clarification purposes.

3. Update to the paragraph Participant Funds Notification to amend the receiving party from “Settlement Participant” → “Settlement Participant / PISP” for clarification purposes.

Change of Controlling Participant Process

Change of Controlling Participant Process - Accepted (Updated)

Updated include under the Corporate Action Election Business Values and Rules section to correct the following; “DRP/BRP” → “DRP/BSP”.

Bilateral Settlement Instruction

Bilateral Settlement Instruction Cancellation Withdrawal Process (Update)

Updated Step 5 to amend the API Contract from “SettlementInstructions.Allegement (Allegement)“ → “SettlementInstructions.BilateralSettlementInstruction (BilateralSettlementInstruction)”.

Bilateral Demand Settlement Instruction

Bilateral Demand Settlement Instruction Process (Update)

Updated Step 6 to include the API Contract “Holding.Holding2Issuer
(Holding) [on lock of delivering party units | Issuer (Registry) Only]”.

Bilateral Demand Settlement Instruction Cancellation Process (Update)

Updated Step 5 to include the API Contract “Holding.Holding2Issuer
(Holding) [on lock of delivering party units | Issuer (Registry) Only]”.

Bilateral Demand Transfer

Bilateral Demand Transfer Process (Update)

Updated Step 12 to include the API Contract “Holding.Holding2Issuer
(Holding) [on lock of delivering party units | Issuer (Registry) Only]”.

Bilateral Demand Transfer Cancellation Process (Update)

Updated Step 5 to include the API Contract “Holding.Holding2Issuer
(Holding) [on lock of delivering party units | Issuer (Registry) Only]”.

Unilateral Demand Transfer

Unilateral Demand Transfer Process (Update)

Updated Step 4 to include the API Contract “Holding.Holding2Issuer
(Holding) [on lock of delivering party units | Issuer (Registry) Only]”.

ISO 20022 Messaging

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; 1196, 1197, 1199.

CHESS User Interface Connectivity

CHESS UI - Payment Provider Authorisation Overview (NEW)

NEW pages detailing the Payment Provider Authorisation functionality available to CHESS UI users.

CHESS UI - Payment Provider Authorisation (NEW)

CHESS UI - Bulk Message Input (Update)

NEW placeholder page for Bulk Message Input functionality.

CHESS User Interface Overview (Update)

Updated to reflect the release of the User Account management documentation and a link to the Bulk Message Input placeholder page.

CHESS UI - Message Centre Overview (Update)

1. Major update to the “List of messages available in the CHESS UI” table to include columns outlining single and bulk message input support and additional messages.

2. Updated the information box above the “List of messages available in the CHESS UI” table from “The list below details the messages currently supported in the CHESS UI. The CHESS UI will support all ISO 20022 messages and the list below will be updated to reflect this in subsequent releases” to “The CHESS UI supports all ISO 20022 messages via a single input form, and a limited number of messages via bulk import in CSV format. The messages supported by bulk import functionality are subject to revision in subsequent releases” to reflect the update above.

API Contract Catalogue

Acccounts API Contracts (Update)

Updated API Contract Catalogue entries to reflect CDE Code Drop 8.

Holdings API Contracts (Update)

Settlement Instructions API Contracts (Update)

Demand Transfers API Contracts (Update)

Cutover and Migration

Cutover and Migration Overview (NEW)

NEW documentation outlining the cutover and migration of CHESS to the CSP, including the activities to be performed by CHESS users and the ASX.

Cutover and Migration - Inflight Transactions (NEW)

Cutover and Migration - Corporate Actions (NEW)

Cutover and Migration - Ledger API (NEW)

Environments

Environments Overview (Update)

Updates in line with ASX’s formal response to consultation feedback and confirmed implementation timetable. Refer to the October 2020 response for further information.

ITE Overview (Update)

Updates in line with ASX’s formal response to consultation feedback and confirmed implementation timetable. Refer to the October 2020 response for further information.

Technical Accreditation (Update)

These release notes detail the scope of the eighth release of technical accreditation information. Release 8 focuses on:

• Message accreditation scripts for Reporting and Notifications; and

Updated: CHESS User by Feature, Message

• Added Reporting and Notifications to the CHESS User by Feature, Message table.

Updated: Messaging Accreditation Scripts

• Updated Messaging Accreditation Scripts to support Reporting and Notifications.

Release Notes

Forward Release Plan (Update)

Updates in line with ASX’s formal response to consultation feedback and confirmed implementation timetable. Refer to the October 2020 response for further information.

CHESS Replacement Scope (Update)

Frequently Asked Questions (FAQs)

FAQs - Messaging (Update)

Updated to include a new messaging question; “Why are ISO message Supplementary Data child elements displayed at the same level as ‘Supplementary Data’ in message usage guidelines?“

FAQs - Implementation and Transition (Update)

Updated to include I&T working group 07 October 2020 – webinar questions and answers.

Glossary Terms

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

Updated the “Welcome to the Glossary Space” information box to include the following note on the usage of CHESS and CSP in the glossary:

• “In this glossary, the CHESS Replacement system is referred to as CHESS or CSP. Both terms are synonymous.”

Included the following new terms and definitions:

• Accrual

• Accumulation Account

• Accumulation Entrepot

• Aggregation

• Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)

• Approved Financial Products

• ASX Settlement Pty Limited (ASXS)

• AUSTRAC

• Austraclear System

• Australian Securities Exchange (ASX)

• Authorisation Cut-Off

• Automated Information Facility (AIF)

• Available Balance

• Bilateral Demand Settlement Instruction

• Bilateral Demand Transfer

• Bilateral Settlement Instruction

• Bond

• Business Day

• Cash Account

• CHESS Depositary Interest (CDI)

• CHESS Depositary Nominees Pty Limited (CDN)

• CHESS Units of Foreign Securities (CUFS)

• CHESS User

• Common Reporting Standard (CRS)

• Conversion

• Coupon interest

• Cum Entitlement Balances (CEBs)

• Daily Settlement Session

• Data Service

• Demand Transaction

• Depositary Interest (DI)

• Derivatives Clearing System (DCS)

• Derivatives Trading Platform (DTP)

• Direct Clearing Participant

• Direct Holding

• Encryption

• End of Day

• Entitlement

• Exchange Settlement Account (ESA)

• Exchange Traded Funds (ETFS)

• Face value

• Feeder System

• First Allowable Settlement Date

• Fixed Period Settlement

• Foreign Account Tax Compliance Act (FATCA)

• Foreign Depositary Interests (FDIs)

• Foreign Ownership Restrictions

• Foreign to Foreign Allocation

• General Clearing Participant

• General Settlement Participant

• Government Bond

• Government Depositary Interest

• Holding Adjustment

• Holding Balance

• Holding Lock

• Holding Subposition

• Initial Public Offering (IPO)

• International Securities Identification Number (ISIN)

• Issuer Sponsored Subregister

• Knock On

• Managed Fund Settlement Service (mFund)

• Market Participant

• Maturity

• National Guarantee Fund (NGF)

• Nil paid rights

• Non-Market Participant

• Non-Value

• Novated Trade

• Off Market Transaction

• On Market Transaction

• Parent Financial Product

• Paying Bank

• Primary Market Facility (PMF)

• Procedure Guidelines

• Product Disclosure Statement (PDS)

• Product Issuer Settlement Participant (PISP)

• Receiving Bank

• Registration Details

• Registry

• Registry Transaction

• Reserve Bank Information & Transfer System (RITS)

• Securities Exchanges Guarantee Corporation (SEGC)

• Security Code

• SecurityHolder Reference Number (SRN)

• Settlement Date

• Settlement Entrepot

• Settlement Instruction

• Settlement Offset

• Settlement Tolerance Amount

• Settlement Transaction

• Shunt

• Specialist Settlement Participant

• Sponsored Holders

• Standard Settlement Price (SSP)

• Start of Day

• Subregister

• Trade

• Transaction Id

• Transfer

• Transformation

• Transmutation

• Unilateral Demand Transfer

• Unilateral Demand Transfer Participant Group

• Unilateral Settlement Instruction

• User Identification Code (UIC)

• Valuation Price

Updated the following terms and definitions:

• Account Participant

• Advanced Messaging Queuing Protocol (AMQP)

• ASX Clear

• CHESS

• Clearing Participant (CP)

• CSP Subregister

• EIS

• Fund Request Cut-Off

• Holder

• ISO 20022

• Issue Date

• Participant

• Payments Provider

• Record Date

• RTGS Participant

• Settlement Cut-off