Clearing and Settlement of Cash Equities in Australia

Welcome to information about the clearing and settlement services ASX provides for cash equities in Australia.

Although largely invisible to market users, clearing and settlement services are critical to the operation of Australia’s financial markets. The clearing and settlement services provided by ASX help reduce counterparty and systemic risk, and provide transaction efficiency and certainty for end investors.

Backed by significant capital and collateral, and overseen by Australian regulators, ASX’s clearing and settlement infrastructure supports the world-class reputation of Australia's financial markets.

ASX is committed to working with its customers and other industry stakeholders in the provision and ongoing development of clearing and settlement services to ensure that the needs of users are met and that these services are aligned with global standards.

In consultation with industry stakeholders and Australian regulators, ASX has developed a Code of Practice for the clearing and settlement of cash equities in Australia (the Code).  The Code commenced operation on 9 August 2013.