ASX Clearing Corporation

ASX Clearing Corporation assists ASX participants to more effectively undertake their clearing activity by reducing systemic risk, minimising counterparty risk and by increasing capital efficiency and operating efficiency.

This is achieved through ASX Clearing Corporation’s wholly owned subsidiaries, ASX Clear Pty Limited1 and ASX Clear (Futures) Pty Limited2, which provide central counterparty facilities as well as risk management systems, securities collateralisation services and electronic 'straight through' processing of trades.

ASX Clear

ASX Clear is Australia’s clearing facility and central counterparty for securities listed on the ASX Trade platform, including cash market securities (comprising equities, pooled investment products and warrants) and predominantly equity-related derivatives (comprising exchange traded options and futures).

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1 Formerly Australian Clearing House Pty Limited (ACH)

Margining

ASX is currently progressing two initiatives relating to the margining of its Clearing Participants:  the migration from the current margin systems used on ASX Clear and ASX Clear (Futures) – ADMS and RIVA SPAN – to CME SPAN; and the introduction of routine daily margining to equity cash market trading.

ASX is actively consulting stakeholders such as Clearing Participants and system vendors on the implementation of both initiatives.

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ASX Clear (Futures)

ASX Clear (Futures) is the clearing facility and central counterparty for futures and options in interest rate, equity, energy and commodity products that are traded on ASX Trade24.

ASX Clear (Futures) also offers clearing services for certain OTC and block trading related transactions.

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2 Formerly SFE Clearing Corporation Pty Ltd (SFECC)