To: Back Office Accounting Suppliers

Full Members

Local Members

No: 19/00

 

Last day of trading January 2000 - All Ordinaries Index Share Price Index Serial Option Contract

The January 2000 All Ordinaries Share Price Index Serial Option contract ceases trading at 12:30pm on Monday, 31 January 2000.

The table below outlines the requirements for Traders, Back Office staff and BOA providers for the 12:30pm Option Expiry process.

Processing Timetable

Deadline Activity
12:30pm Trading closes in the AO January Serial Option contract
1:00pm Clearing Members to submit Notice of Option Exercise/Abandonment forms to SFECH (for manual exercise/abandonment's only)
1:30pm All trades in the expiring options month confirmed within STACS

SFE will apply contract lock ensuring no more allocations/assignments can be performed via STACS

2:00pm Clearing Members download Reported Position file for expiring option contract to SFE Operations

Members who submit a Reported Position file via a bureau should allow 15 minutes for transfer of the files from the bureau to the Exchange

Members/BOA’s should be aware that it is critical that these times are met, in order for assigned positions (resulting from manual exercise/abandonment's) to be advised before the close of trading in the underlying futures contract. To ensure timeliness of such notification, SFE and SFECH will not permit any extensions to the cut-off times above.

Please ensure you are in a position to comply with these requirements.

Angie Kingham
Manager; Trade Administration
27/02/2000