Settlement Facilitation Service

New Customer Application Form

This form should be used by market licensees (“Applicant”) requesting provision of a settlement facilitation service from ASX Settlement Pty Limited ABN 49 008 504 532 (“ASX Settlement”).

ASX Settlement provides settlement arrangements for approved listing venues other than ASX (Approved Listing Market Operators or ALMOs) in respect of CHESS-eligible financial products listed on the markets of those ALMOs (ALMO-listed financial products).

The Applicant may act as a Settlement Agent for its participants who are not ASX Settlement Participants. In this instance, the Applicant will also need to apply to become an ASX Settlement Participant. More information on how to become a participant is available here.

How to Apply

The form is in four parts:

Part 1Details of Applicant

Part 2Service Required

Part 3Settlement Facilitation Service Agreement

Part 4Operational Procedures for ALMOs

Attachments will form part of the application for the Settlement Facilitation Service. Applicants must complete all questions in this application.

Completed applications should be returned to ASX Settlement to the attention of:

Katie McDermott

General Manager Post Trade Issuer Services Operations

Australian Securities Exchange

PO Box RH224

Australia Square NSW 1215

The process and timeframes for ASX Settlement to consider and respond to requests for settlement services by prospective ALMOs are available here.

Part 1 – Details of Applicant

Name of Applicant:
ABN, ARBN or ACN of Applicant:
Place of Incorporation/registration:
Date of Incorporation/registration:
Registered office address:
Contact details (including name, phone number, email address):
Does the Applicant hold a licence issued under the Corporations Act which authorises the Applicant to operate a financial market? If yes, please attach copy of the licence.
If No, please ensure you obtain the relevant licence prior to submitting this application / Yes / No
Does the Applicant’s licence allow for the settlement arrangements set out in the Settlement Service Agreement?
If No, please ensure you obtain a licence variation to allow for this prior to submitting this application / Yes / No

Part 2 – Service Required

In this application, the Applicant will be applying to ASX Settlement for provision of a Settlement Facilitation Service. Please tick the appropriate boxes.

Settlement Facilitation Service:

Transfer Facilitation Service

Or

DvP Facilitation Service

And

Corporate Actions Service

And

Primary Market Facilitation Service

The service arrangements consist of two options:

  1. A Transfer Facilitation Service where CHESS-eligible ALMO listed financial products can be transferred in real time by ASX Settlement Participants through CHESS. Payment is handled bi-laterally by participants outside of CHESS; or
  1. A DvP Facilitation Service where CHESS-eligible ALMO listed financial products can be settled on a delivery versus payment (DvP) basis by ASX Settlement Participants through the CHESS settlement batch.

In addition to the above settlement solutions for their markets, ASX Settlement has put in place arrangements for:

  • A Corporate Actions Service where ASX Settlement may process a corporate action, through the settlement facility, for CHESS-eligible ALMO listed financial products.
  • ALMO-listed Issuers to use the ASX Primary Market Facility (PMF). The PMF enables ALMO-listed Issuers to use DvP settlement for certain capital raisings.

The Applicant may also apply to become an ASX Settlement Participant to act as a Settlement Agent on behalf of its own participants who are not ASX Settlement Participants. Please tick the box to indicate interest or intention to become an ASX Settlement Participant.

ASX General Settlement Participant to act as a Settlement Agent

If the Applicant seeks to be an ASX General Settlement Participant ASX will provide details of relevant application information. More information on how to become a participant is available here.

Part 3 – Settlement Facilitation Service Agreement

The Settlement Facilitation Service Agreement (attached copy and also available here) should be executed and returned to ASX Settlement with this Application Form.

Any variation to the standard agreement will be considered a Change Request.

Part 4 – Operational Procedures for ALMOs

The Settlement Facilitation Service Agreement refers to Operational Procedures for ALMOs. The procedures are attached and also available here.

Checklist for completion and submission of application

Completed Application form

Attached copy of market licence

Attached copy of executed Settlement Facilitation Service Agreement

For ASX use only:

Date application received:
Date application approved:
Date for notification to market:
Effective Date for service:

ASX Settlement Pty Limited (ABN 49 008 504 532) New Customer Application Form v. November 2015 1