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ASX Equity FLEX Clear

ASX Equity FLEX Clear is a flexible, secure, and offsetting clearing service tailored for buy-side customers as an alternative to over-the-counter (OTC) options trading.

Benefits of ASX Equity FLEX Clear

  • Flexibility to specify maturity, option type, exercise price and exercise type.
  • OTC option trades reported to ASX are 100% confidential with complete end to end anonymity.
  • No ISDA agreement required.
  • ASX acts as Central Counterparty, independent valuation and corporate actions agent.
  • Positions offset with ETOs.
  • Participants can enter a trade with one counterparty and exit via another.
  • Position netting for back to back transactions.

Operational details for ASX Equity FLEX clear

The following documents can be referred to for deal report procedures and lodgement.

Phase 2 Launch Details

  • Expected Q1 2014
  • Expanded to cover entire ETO universe
  • 4 year expiry Cap
  • Listed ETO expiry dates will be available (subject to regulatory approval)

Reporting Hours

  • 10.00am to 3.30pm AEST

 

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