Austraclear combines best practice settlement and technological excellence to deliver a wide range of market-leading depository, registration, cash transfer and settlement services for debt instrument securities. The breadth of cash and wholesale physical debt settlement capabilities offered makes Austraclear an integral part of Australia's financial markets and a major financial markets service provider to the asia-Pacific region.
Austraclear currently services over 830 Participants, holds over A$1.9 trillion worth of securities, and via a real time link to the Reserve Bank of Australia's (RBA) Real Time Gross Settlement (RTGS) system, settles on average more than A$67 billion of transactions per day.
The CSD provides a wide range of depository and settlement services for fixed income securities, as well as acting as custodian to more than 85% of commercial paper issued in Australia.
It features full Delivery versus Payment (DvP) functionality using BIS Model 1DvP (simultaneous cash and security transfer), as well as electronic or physical lodgement services.
Offering a single integrated service for the registration, issuing, lodgement, trade settlement and coupon and redemption distribution of all $A debt products.
Provides the ability to transfer A$ cash on a RTGS basis across a one of the few central bank approved financial networks in Australia, with over A$2.5 trillion processed in 2015-2016 FY, and over RMB 830 million settled through Bank of China (Sydney branch).
Austraclear provides a number of other market services, including support for energy markets and electronic conveyancing.
Austraclear is a Financial Institution under the U.S. Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). Austraclear has implemented a framework for FATCA and CRS compliance.