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ASX Clearing and Settlement Boards

 

ASX Clear is the clearing house for Australia’s equity markets, including cash equities and equity options. 

ASX Clear: 

ASX Clear is authorised to clear transactions for certain customers located in a number of jurisdictions, including the EU and United States.

ASX Clear is currently the sole provider of clearing services for Australia’s equity markets, and has made a number of commitments to customers of its cash equities clearing services which are set out in a Code of Practice.

The Board of ASX Clear is made up of 3 directors from ASX Limited and 4 non-ASX Limited directors.  The Chair is a non-ASX Limited director.  The non-ASX Limited directors can form a quorum to consider any conflict or commercially sensitive matters for listing and trading venues concerning their clearing arrangements with ASX Clear.  The directors of ASX Clear are listed below.


Other board members

Directors also on the board of ASX Limited:

  • Dr Ken Henry
    Independent Director
  • Peter Marriott
    Independent Director
  • Dominic Stevens
    Managing Director and CEO

Their biographies are available here.

ASX Clear (Futures) is the clearing house for Australia’s derivatives and OTC markets.

ASX Clear (Futures):

The directors of ASX Clear (Futures) are listed below.


Other board members

Directors also on the board of ASX Limited:

  • Peter Warne
    Independent Chair
  • Yasmin Allen
    Independent Director
  • Peter Marriott
    Independent Director
  • Damian Roche
    Independent Director
  • Dominic Stevens
    Managing Director and CEO

Their biographies are available here.

ASX Settlement is the settlement and depositary system for Australia’s equity markets.

ASX Settlement:

ASX Settlement is currently the sole provider of settlement services for Australia’s equity markets, and has made a number of commitments to customers of its cash equities settlement services, which are set out in a Code of Practice.

ASX Settlement has announced that it will move from a T+3 to a T+2 settlement cycle in the first quarter of calendar year 2016.  ASX Settlement’s decision to shorten the settlement cycle by a business day was based on industry consultation and a recommendation provided by an industry advisory Forum established by ASX under the Code of Practice.

The Board of ASX Settlement is made up of 3 directors from ASX Limited and 4 non-ASX Limited directors.  The Chair is a non-ASX Limited director.  The non-ASX Limited directors can form a quorum to consider any conflict or commercially sensitive matters for listing and trading venues concerning their settlement arrangements with ASX Settlement.

The directors of ASX Settlement are listed below.


Other board members

Directors also on the board of ASX Limited:

  • Dr Ken Henry
    Independent Director
  • Peter Marriott
    Independent Director
  • Dominic Stevens
    Managing Director and CEO

Their biographies are available here.

Austraclear is the settlement and depositary system for Australia’s fixed interest markets.

Austraclear:

The directors of Austraclear are listed below.


Other board members

Directors also on the board of ASX Limited:

  • Peter Marriott
    Independent Chair
  • Yasmin Allen
    Independent Director
  • Damian Roche
    Independent Director
  • Dominic Stevens
    Managing Director and CEO
  • Peter Warne
    Independent Director

Their biographies are available here.

ASX Clearing Corporation is the intermediate holding company for ASX’s clearing licensees ASX Clear and ASX Clear (Futures).

ASX Clearing Corporation manages the treasury function for ASX’s clearing houses.

The directors of ASX Clearing Corporation are listed below.


Other board members

Directors also on the board of ASX Limited:

  • Rick Holliday-Smith
    Executive Chair
  • Yasmin Allen
    Independent Director
  • Dr Ken Henry
    Independent Director
  • Peter Marriott
    Independent Director
  • Damian Roche
    Independent Director
  • Dominic Stevens
    Managing Director and CEO
  • Peter Warne
    Independent Director

Their biographies are available here.

ASX Settlement Corporation is the intermediate holding company for ASX’s settlement licensees ASX Settlement and Austraclear.

The directors of ASX Settlement Corporation are listed below.


Other board members

Directors also on the board of ASX Limited:

  • Rick Holliday-Smith
    Executive Chair
  • Yasmin Allen
    Independent Director
  • Dr Ken Henry
    Independent Director
  • Peter Marriott
    Independent Director
  • Damian Roche
    Independent Director
  • Dominic Stevens
    Managing Director and CEO
  • Peter Warne
    Independent Director

Their biographies are available here.