Validations

Validations refers to:

CHESS business validations;
CHESS business rules; and
ASX Settlement Operating Rules.

Business validations are checks that CHESS conducts on transactions prior to processing them. For example, when a Change of Controlling Participant Request is submitted, CHESS will validate that the requestor is not already the Controlling Participant of the Account (HIN) subject to change. Applicable validations are covered in the technical documentation functional specifications and APG.

The term business rules, referenced in the technical documentation as “Business Values and Rules”, describes valid values (business values) and the applicability of these values (business rules). For example, where an existing Controlling Participant rejects a Change of Controlling Participant request, they must provide a reason for rejection, which can be one of three allowable business values.

_{This document provides general information only. ASX Limited (ABN 98 008 624 691) and its related bodies corporate (“ASX”) makes no representation or warranty with respect to the accuracy, reliability or completeness of the information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from anyone acting or refraining to act in reliance on this information.}