CDE Daily Margin Settlement Advice

From CDE9, every day as a part of end of day processing, a trigger on behalf of ASX Clear will be initiated in the CSP. This will prompt the CSP to generate and send a Margin Settlement Advice (pldg_309) containing manufactured data to every Clearing Participant. The manufactured data will be generated according to a set of defined rules:

  • Odd date: Where the Daily Margin Settlement Advice is generated on an odd date (e.g. 2020-12-01 and 2020-12-03), all value fields will be zero.

  • Even date: Where the Daily Margin Settlement Advice is generated on an even date (e.g. 2020-12-02 and 2020-12-04), value fields will be determined per the table below:

Field

Value Determination

Example values for even dates (Clearing Participant 1)

Example values for even dates (Clearing Participant 2)

Field

Value Determination

Example values for even dates (Clearing Participant 1)

Example values for even dates (Clearing Participant 2)

Settlement Amount

In the range of 10000 to 100000. Each Clearing Participant will have their own value which will remain constant on every even date. For example:

  • Clearing Participant 1: Settlement Amount = 10000;

  • Clearing Participant 2: Settlement Amount = 20000; and

  • Clearing Participant 3: Settlement Amount = 30000.

10000

20000

Excess / Shortage

Equal to Settlement Amount

10000

20000

Initial Margin

Settlement Amount * 2

20000

40000

Resultant Cash Balance

Settlement Amount * 2

20000

40000

Cash Balance Brought Forward

Settlement Amount * 3

30000

60000

Cash Balance Carried Forward

Settlement Amount * 3

30000

60000

The Daily Margin Settlement Advice values are all manufactured and will have no correlation back to any real data input components from an ASX margin system.

For a detailed breakdown of available functionality, refer to the Cash Market Margin Overview.

 

 

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