The revised timetable accounts for Covid-19 related disruptions, accommodates functionality changes, and provides more time to ensure user readiness.
July 1, 2020ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.
May 25, 2020ASX will launch a public consultation in June on a new timetable for its CHESS replacement project, amid uncertainty created by the coronavirus pandemic.
March 26, 2020ASX is consulting on operating rules relating to corporate actions, mFund and RTGS payment aspects for 'Day 1' implementation of CHESS Replacement system functionality.
February 24, 2020Managing director and CEO Dominic Stevens said ASX’s strategy is not just about replacing CHESS or upgrading the futures trading system; the bourse is transforming its entire technology stack.
February 14, 2020ASX is consulting on the first of three tranches of operating rule amendments required to facilitate the implementation of the CHESS replacement system in April 2021.
November 18, 2019Chi-X Australia depends entirely on ASX for clearing services, and is concerned that the larger bourse could use the CHESS replacement project to gain further competitive advantages.
November 6, 2019ASX will remove a requirement for settlement-only participants to receive and provide a registrable transfer document for transfers, but will require validation checks.
September 2, 2019ASX has made available the first of seven ‘drops’ of software code, with additional functionality set to be released at eight-week intervals.
May 8, 2019The RBA and Australian Payments Council have issued a consultation to help the industry agree on key strategic decisions for migrating the payment system to ISO 20022 by end-2024.
April 10, 2019