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Settlement

ASX Settlement Corporation operates two Securities Settlement Facilities as licensed facilities under the Corporations Act.

ASX Settlement is Australia’s settlement system and a fully electronic securities depository for equity and equity-related securities.  Through the CHESS system participants receive true Delivery versus Payment (DvP), exchanging cash for securities irrevocably.

Austraclear is Australia’s settlement system and central securities depository (CSD) for the wholesale debt market. Through the Austraclear System, participants receive true Delivery versus Payment (DvP), exchanging cash for securities irrevocably and in real-time.

 

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