All posts tagged "CHESS"
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130Australia & NZASX Opens DLT-as-a-Service Platform for Production Use
Synfini uses the same underlying technology as ASX's replacement system for CHESS, but is offered as a cloud service to facilitate product innovation.
November 21, 2021 -
169Australia & NZ
RBA Issues Recommendations to Address Risk Issues at ASX
The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.
September 30, 2021 -
202Australia & NZ
ASX Consults on Tranche 3 Rule Changes for CHESS Replacement
The changes relate to netting, settlement, reporting and other amendments. ASX plans to release the final rule changes 6 months before the April 2023 go-live.
September 5, 2021 -
122Australia & NZ
ASX Finalises Settlement Workflow Changes for CHESS Replacement
Netting will be expanded to include all novated trades and the creation of the NBO and associated messaging will be discontinued to provide greater system scalability.
July 5, 2021 -
256Australia & NZ
ASX Proposes Changes to Netting, Settlement Workflows
The proposed changes will allow the CHESS replacement system to be scaled to much higher volume levels than previously envisaged, ASX said.
February 19, 2021 -
351Australia & NZASIC Launches Probe into ASX Over Equity Market Outage
ASIC had earlier said it would determine whether ASX followed the relevant regulatory requirements and met its licence obligations.
November 24, 2020 -
591Australia & NZ
ASX Extends Go-live of CHESS Replacement to April 2023
The one-year extension over what was proposed in June reflects a need for more post-trade processing capacity, highlighted by March's extreme increases in trading volumes.
October 30, 2020 -
1.3KAustralia & NZ
CHESS Replacement ‘Critical’ to Manage Systemic Risk: RBA
Replacing CHESS with more modern technology is critical to ASX's ongoing management of systemic risk, said RBA assistant governor Michele Bullock.
October 1, 2020 -
813Australia & NZ
ASX Responds on Tranche 2 Rule Changes for CHESS Replacement
The consultation on the 2nd tranche of rule changes covered operating rules relating to corporate actions, mFund and RTGS payment aspects for the new system.
September 27, 2020 -
1.4KAsia-PacificBNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX
BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.
September 16, 2020
