30 November 2020

Update: CDE 9 Message Collection 9, Ledger API Connectivity, Registration Details Tool, Testing and Known Issues & Limitations Updates.

1. Message Collections have been updated to correspond to CDE Drop 9. Messages available in a subsequent release have been removed or downgraded.

2. Testing documentation has been updated to reflect new functionality brought in CDE Drop 9, as well as to highlight resolved CDE Drop 8 defects and observed behaviours.

3. General technical documentation updates including message collection grouping, terminology changes and the introduction of documentation regarding the ASX Registration Details Tool.

For clarity, deletions, code snippets, hyperlinks, images, terminology and major content updates to pages or tables are not highlighted in orange.

Operational Procedures & Guidelines

Content Pages (Update)

Updated APG section version to reflect the 30 November 2020 What’s new.

Section 02 - CHESS overview (Update)

• Updated the Section 2.1.12 Users of CHESS table to remove Corporate Action Payments Participant as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

• Updated the RTGS Participant Section 2.1.12 Users of CHESS table entry to align with the Glossary definition.

Additional details of this change are available here.

Section 03 - Participation in the settlement facility (Update)

1. Updated to remove references to Corporate Action Payments Participant as it pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

2. Updated Section 3.4 Settlement and Sponsoring Participants content describing RTGS Participant accreditation from “A general settlement participant or a corporate action payments participant can seek accreditation as an RTGS Participant.” to “A general settlement participant can seek accreditation as an RTGS Participant.” to align with the Glossary definition.

3. Updated Section 3.1 ASX Participation Concepts to clarify the diagram outlining how the tiers of the market act for a typical market trade.

Additional details of this change are available here.

Section 04 - Account administration (Update)

Updated section 4.9 Account and Holder Locking content outlining what CHESS prevents prevents when an account is locked from “acceptance of an off-market buyback, off-market takeover or Other event type (e.g. reinvestment offer or schemes)” to ”acceptance of an off-market buyback, off-market takeover or reinvestment offer (OTHR event type)”. Processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality will no longer be supported.

Additional details of this change are available here and section 1.14 of ASX’s October 2020 response to consultation feedback.

Section 10 - Corporate action principles (Update)

1. Updated the Section 10.1 - Corporate Action Concepts table to remove the OTHR corporate action event type code and relating details from the Section 12.6.1 row. Processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality will no longer be supported.

2. Updated the Section 10.1 table to remove the XACC holding adjustment code from the Sections 11.8.2 and 11.8.3 rows as well as the relevant information box content as this content pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

3. Updated the Section 10.1.2 - Based of Movement information box wording from “Additional details on Corporate Action Elections will be made available in a subsequent release” to “Additional details on Dividend Reinvestment and Bonus Share Plan Elections will be made available in a subsequent release”.

Additional details of this change are available here and section 1.14 of ASX’s October 2020 response to consultation feedback (for OTHR event type).

Section 11 - Corporate actions (Update)

1. Updated to remove details relating to electronic acceptance and payment for entitlement offers as they pertain to Post Day 1 CHESS Replacement Scope.

2. Amended “(a) Allocation of Entitlement” to “(a) Determination of Entitlement” in Section 11.8.2 and “(a) Entitlement and allotment of nil paid rights” to “(a) Determination of entitlement and allotment of nil paid rights” in Section 11.8.3 to reflect the above change. The phase headings in Sections 11.8.2 and 11.8.3 have been amended to reflect these updated phase names.

3. Amended the beginning of Step 6 in the Section 11.8.2 Procedure and Step 9 in the Section 11.8.3 Procedure from “The issuer (registry) disseminates the Offer Documents…” to “The issuer (registry) determines and calculates entitlements and disseminates the Offer Documents…” to reflect the change in point 1.

4. Amended the description of (d) Lapsed Nil Paid Rights in the Section 11.8.3 procedure to reference “renounceable entitlement offer” instead of “non renounceable entitlement offer”.

5. Amended “(b) Acceptance or lapse of entitlement; and/or” in Section 11.8.2 to “(b) Acceptance or lapse of entitlement; and”.

6. Amended “(b) Acceptance or renunciation of entitlement; and/or” in Section 11.8.2 to “(b) Acceptance, renunciation or lapse of entitlement; and”. The phase heading in the Section 11.8.3 procedure has been amended to reflect this updated phase name.

Additional details of this change are available here.

Section 12 - Acquisitions and other events (Update)

1. Updated to remove details pertaining to the processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality. This functionality will no longer be supported.

2. Renamed Section 12.6 from “Other Events” to “Scheme of Arrangement - Overview” and amended the section's content to reflect the above change.

3. Amended Section 12.6.2 to Section 12.7 - Maturity and Redemption and added 12.7.X level numbering to sub-sections within this section.

Additional details of this change are available here and section 1.14 of ASX’s October 2020 response to consultation feedback.

Section 22 - Issuer (registry) procedures (Update)

1. Updated the Section 22.8 - Holding Adjustments table to remove the OTHR corporate action event type code and relating details from the Section 12.6.1 row. Processing of scheme of arrangement elections relating to alternate forms of consideration using the OTHR event type Bid Election functionality will no longer be supported.

2. Updated the section 10.1 table to remove the XACC holding adjustment code from the Sections 11.8.2 and 11.8.3 rows as well as the relevant information box content as this content pertains to Post Day 1 CHESS Replacement Scope (electronic acceptance and payment for entitlement offers).

3. Updated Section 22.12 - Reporting and Reconciliation to remove “Further details on reporting will be made available in a subsequent release” given Section 22- Reporting was released in September.

Additional details of this change are available here and section 1.14 of ASX’s October 2020 response to consultation feedback (for OTHR event type).

APG Changes (Update)

Updated to reflect the changes made in this release and prior releases of content.

Additional details of this change are available here.

Reporting

Reporting Overview (Update)

Updated to include sample reports for the Daily Interest Earned and Collateral Statement Report. These reports will be made available via sFTP in a subsequent release.

Bilateral Demand Settlement Instruction

Bilateral Demand Settlement Instruction Process (Update)

1. Updated the Business Values and Rules table for Settlement Confirmation (sett_119) to include the following missing elements; Delivering Holding Balance and Receiving Holding Balance.

2. Updated the Business Values and Rules table to adjust from Against Payment (APMT) → Against Payment Settlement (APMT).

Unilateral Settlement Instruction

Unilateral Settlement Instruction Cancellation Process (Update)

Updated the Business Values and Rules table to adjust from Free of Payments (FREE) → Separate Settlement (FREE) and Against Payment (APMT) → Against Payment Settlement (APMT).

Bilateral Settlement Instruction

Bilateral Settlement Instruction Process (Update)

Updated the Business Values and Rules table to adjust from Free of Payments (FREE) → Separate Settlement (FREE) and Against Payment (APMT) → Against Payment Settlement (APMT).

Takeovers and Buy-backs (Bid Offers)

Offeror Initiated Bid Election Process (Update)

Updated to clarify the timing of the change from Transaction Acknowledgement Advice (comm_809) → Corporate Action Election Status Advice (evnt_743) (Post CDE9).

Reporting

Cum Entitlement Balance (CEBL) (Update)

Updated Cum Entitlement Balance (CEBL) Report Process Flow diagram swimlane from Issuer (Registry) → Participant / Issuer (Registry).

Issuer's Agent Transfer

Issuer's Agent Transfer Process (Update)

Updated Issuer’s Agent Transfer Process table to include Observer and API Contract information.

Corporate Actions

Basis of Movement (Update)

Updated Basis of Movement Business Values Table to include XMRT (Ex Premium Return).

ISO 20022 Messaging

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

Updated: ISO 20022 Messaging - MC - Collateral Management - Removal for ETO and CMM

• Updated the UML diagram for Non-cash Collateral Removal by ASX Clear to correct the Account Owner Transaction Identification from 01442|222100 → 08332|222100

Updated: ISO 20022 Messaging - MC - Takeovers and Buy-backs (Bid Offers) - Offeror Initiated

• Updated to clarify the timing of the change from Transaction Acknowledgement Advice (comm_809) → Corporate Action Election Status Advice (evnt_743) (Post CDE9).

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 amended:

• 16 - BasisOfMovementCode_ASX_1 - Updated to clarify the following entries:

  • XZPR from ‘Ex Priority’ → ‘Ex Non Pro Rata Balance’; and

  • CZPR from ‘Cum Priority' → 'Cum Non Pro Rata Balance’.

• 23 - PaymentFacilitiesChangeReason_ASX_1 - Deactivated the following duplicate entries:

  • Associate (ASSC); and

  • Disassociate (DASC).

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; 1200.

Updated: ISO 20022 Messaging - TM - BAH elements

• Updated to clarify BAH elements to reflect changes introduced in the September 2020 - CDE Code Drop Notes. This includes the addition of Suffix and Business Date.

ISO 20022 Usage Guidelines

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.

NEW: Collections for Release 10 and ISO 20022 Messaging - TM - Business Message Parameters - Release 10

• Collections for Release 10 were created based on existing collections for Release 9.

Update: Collections for Release 9 and ISO 20022 Messaging - TM - Business Message Parameters - Release 9

• Updated the following entries:

  • ‘sett_133_001_04' → 'sett_133_001_05’ - Updated to include the following changes:

    • Updated element ‘ReportHeader/CashObligationStatus’ to include a 'Projected (PRJD) value to be support the projected funds obligation process.

    • Updated element ‘SettlementAccountNetPosition/AuthorisationReason’ to mandatory.

    • Updated element ‘SettlementAccountNetPosition/AuthorisationReason’ to include a 'FAIL’ value to be used when the funds obligation message is sent after funds obligation recalculation in a default scenario.

    • Updated element ‘SettlementAccountNetPosition/NetPositionIdentification/CashAccountOwner/Name’ from 'Max90UpperSpecialText_ASX_1 → 'Max50ASCII'

  • ‘evnt_742_001_04’ → 'evnt_742_001_03' - Version 04 is applicable to a subsequent release; and

  • ‘evnt_743_001_04’ → ‘evnt_743_001_03’ - Version 04 is applicable to a subsequent release.

  • ‘Admn_852_001_02_reda_007_001_01’ → ‘Admn_852_001_02_DRAFT2reda_007_001_01' - Updated to include missing 'DRAFT2’ value.

• Removed the following entries applicable to a subsequent release:

  • ‘evnt_744_001_01_seev_036_001_10’

  • ‘evnt_747_001_01_seev_036_001_10';

  • 'evnt_749_001_01_semt_021_001_06’;

  • ‘sett_141_001_01_pain_001_001_09’;

  • ‘sett_142_001_01_pain_002_001_10’;

  • mfnd_401_001_03_setr_010_001_04;

  • mfnd_402_001_03_setr_016_001_04;

  • mfnd_404_001_01_setr_011_001_04;

  • mfnd_405_001_01_setr_017_001_04;

  • mfnd_406_001_03_setr_012_001_04;

  • mfnd_407_001_01_setr_004_001_04;

  • mfnd_408_001_01_setr_005_001_04; and

  • mfnd_409_001_03_setr_006_001_04.

Contracts

Reference Data API Contracts (NEW)

NEW page including public party API contracts.

Contracts Overview (Update)

Updated to include a new sub-heading under API Contracts to include information regarding Public Contracts.

Accounts API Contracts (Update)

Updated API Contract Catalogue to support CDE Code Drop 9.

Settlement Instructions API Contracts (Update)

Demand Transfers API Contracts (Update)

Holdings API Contracts (Update)

CHESS User Interface Connectivity

CHESS UI - Account and Holder Creation (Update)

Updated terminology for the Submit Form from “pop-up form” to “pop-up window”.

CHESS UI - Account Cancellation (Update)

Updated terminology for the Global Banner from “Global Banner” to “header”.

CHESS UI - Account and Holder Modification (Update)

Updated terminology for the Submit Form from “modal” to “pop-up window”.

CHESS UI - Message Input (Update)

CHESS UI - Message Search (Update)

1. Updated the “How to search for messages” section wording from “In the Message Centre page, users can search for either specific fields in the message’s Business Application Header (BAH) or for any text within both the messages’s BAH and document body” to “In the Message Centre page, users can search for either specific fields in the message’s ISO 20022 Business Application Header (BAH) or for any text within both the messages’s ISO 20022 BAH and ISO 20022 message. Refer to ISO 20022 Messaging - TM - Business Message, about for further details on message structure” to align with the ISO 20022 Messaging - Technical Manual (TM).

2. Updated terminology for “string” and “text string” to “text”.

3. Major update to the Formula table to clarify the description of each formula option.

4. Updated the wording pertaining to the navigation bar from “This functionality can be found by clicking on the Message Centre link in the navigation bar” to “This functionality can be found by selecting ‘Message Centre’ in the navigation bar” for consistency with the Payment Provider Authorisation documentation.

CHESS UI - On-boarding and Registration (Update)

Updated “Step 2. Set up password” to include examples of sequential characters.

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

1. Updated terminology for the Global Banner from “Global Banner” to “header”.

2. Updated terminology for the Submit Form from “modal” to “pop-up window”.

CHESS UI - User Account Creation (Update)

CHESS UI - User Account Management (Update)

CHESS UI - Payment Provider Authorisation (Update)

1. Updated terminology for the Global Banner from “Global Banner” to “header”.

2. Updated terminology for the Submit Form from “modal” to “pop-up window”.

3. Updated the wording pertaining to the navigation bar from “Payment Providers can access their pending payment authorisations by selecting ‘Payments' in the top navigation menu” to “Payment Providers can access their pending payment authorisations by selecting ‘Payments' in the navigation bar.”

Cutover and Migration Overview

Cutover and Migration - ASX Registration Details Tool (NEW)

NEW page detailing information regarding the ASX Registration Details Tool.

Exceptions (Warnings and Errors) (NEW)

NEW page detailing the exceptions which are being built into the ASX Registrations Details Tool.

Customer Development Environment (CDE)

Support for CDE (Update)

Updated to clarify support for CDE is in Sydney time and excluding NSW public holidays.

Technical Accreditation

Technical Accreditation (Update)

Updated to remove references to performance in relation to Connectivity Accreditation given Technical Accreditation will no require a software provider to performance-accredit their system.

Connectivity Accreditation Overview (Update)

1. Given Technical Accreditation will no longer require a software provider to performance-accredit their system:

   1. Updated the Objectives table to remove the Performance column and related information box content.

      1. Updated the information box below the Objectives table to include:

         “Technical accreditation does not require a software provider to performance-accredit their system. As part of the industry-wide end-to-end test phase, ASX is planning to incorporate a level of performance testing to help all CHESS users operate under simulated volume scenarios. Further detail on the performance testing will be provided prior to the opening of ITE1 and ITE2 respectively”.

2. Updated the introduction sentence from “Connectivity accreditation ensures systems can provide a secure connection to CSP and maintain critical components of ensuring resiliency and performance” to “Connectivity accreditation requires software providers to demonstrate secure connectivity and resilience” to align with the wording in ASX’s June 2020 consultation paper. This change also reflects the change in point 1 with the removal of the performance reference.

Messaging Accreditation Scripts (Update)

Updated to include changes to the forward release plan including the scope of subsequent technical accreditation releases.

Testing

Daily Margin Settlement Advice (NEW)

NEW page detailing the Daily Margin Settlement Advice functionality available to CDE Subscribers.

Test Data (Update)

1. Updated the Calendar entry to from 2019 → 2017.

2. Updated sample data to support CDE9 functionality.

CSP Users (Update)

Updated CSP Users CDE functionality table to include Available Functions (CDE9).

Known Issues & Limitations (Update)

1. Included CDE9 related known issues and observed behaviours.

2. Updated page to include defects resolved in CDE9.

3. Updated the CDE8 “Incorrect attribute values returned in Isolate Counterparty Adjusted Settlement Instruction (sett_139) response” defect to reflect that the issue has changed. The Adjusted Settlement Instruction (sett_139) response now includes the correct BAH CreationDate (CreDT) value which is the platform current time in Zulu format. References to this attribute have been removed.

4. Updated the “Functional Testing” limitation to remove references to CDE8 in the Issue Description and Impact columns.

Trade Ingest API

Self-Service Bulk Account Creation (NEW)

NEW page detailing the Self-Service Bulk Account Creation Tool provided to Issuer (Registries).

Self-Service Account Management (Update)

Updated to include Investor Data & Foreign Tax Status Advice and Bank Account Notification functionality.

Trade Ingest API (Update)

Updated to clarify Self-Service Tool rejection functionality. This includes when an Invalid Transaction (comm_808) is received and when a rejection via the Self-Service Tool is received.

Self-Service Holding Adjustments (Update)

Self-Service Collateral Management (Update)

Self-Service Holding Administration Lock (Update)

Self-Service Real Time Pre-Payment Authorisation and Post Payment Notifications (Update)

Auto-responder

Investor Data - Bank Account Notification (NEW)

NEW page detailing the Bank Account Notification Auto-responder available to CDE Subscribers.

Payment Provider Authorisation (NEW)

NEW page detailing the Payment Provider Authorisation Auto-responder available to CDE Subscribers.

Bilateral Demand Settlement Instruction (Update)

Updated to reflect that the Payment Provider Authorisation Auto-responder has been released.

Auto-responder (Update)

Updated to include details regarding the auto-responders provided in CDE9.

Release Notes

November 2020 - CDE Code Drop Notes (NEW)

NEW page detailing the functionality available in CDE Drop 9.

Forward Release Plan (Update)

1. Updated to include link to CDE Drop 9 release notes.

2. Updated to revise list of available reports in CDE Drop 9.

Frequently Asked Questions (FAQs)

FAQs - Implementation and Transition (Update)

Updated to include I&T working group 06 November 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.

Included the following new terms and definitions:

• Batch Payment

• RTGS Payment

• Net Funds Obligation

• ASX Trade