Latest updates
On 16 September 2024, ASX released a consultation paper titled seeking feedback on the proposal to adopt a new pricing policy for ASX’s clearing, settlement and issuer services from 1 January 2025. The policy is designed to ensure that ASX recovers no more than its efficient costs of service provision, including a reasonable return on investment commensurate with the commercial risks involved. The consultation paper can be found here and an accompanying set of Q&A can be found here.
On 2 August 2024, ASX released a consultation paper on the scope and implementation of CHESS replacement Release 2 (settlement and subregister). The consultation paper outlines ASX's proposed plan for Release 2 of the CHESS replacement system, seeking feedback on design, scope, schedule, and transition for Release 2, a plan for timing and approach on a potential shift to T+1 settlement cycle, as well as interoperability, testing and industry readiness approaches. The consultation paper is available here, and you can read the media release here.
On 30 July 2024, ASX released the ASX CHESS Public Roadmap Update Report of ASX Clear Pty Limited and ASX Settlement Pty Limited. The report is available here.
On 30 July 2024, an independent expert report on the assessment of ASX’s CHESS Roadmap Program and CHESS Roadmap Refresh was published. The second six-monthly progress report is available here.
On 26 July 2024, an independent expert report on the assessment of ASX’s Assurance Plan for the implementation of the CHESS Replacement Project was published. The report is available here.
On 28 June 2024, ASX released a response paper summarising feedback received to the 14 March 2024 consultation paper and ASX’s response to the feedback. The response paper can be found here.
On 17 April 2024, ASX released a consultation paper seeking feedback on the proposed future payment milestones and allocation of funds under the CHESS Replacement Partnership Program Development Incentive Pool. The consultation paper can be found here.
Stay up to date
ASX will provide information on the CHESS Replacement project to stakeholders through a variety of resources including stakeholder communications, activities and committee meetings.
