Austraclear Notice No.
095/11
Date of Issue:
Effective Date:
31 May 2011
31 May 2011
ASX AUSTRACLEAR ECD AND EPN MINIMUM FACE VALUE
Austraclear Regulation 8A.1 and its associated Procedure prescribes the features of a
Dematerialised security that may be deposited in the ASX Austraclear system.
Further, ASIC Class Order (CO02/281) issued on 5 March 2002, provides relief for Participants
from certain obligations under the Corporations Act, including relief that facilitates paperless issues
and transfers of Dematerialised Securities.
In order to benefit from the class order relief, Participants must ensure that all ECDs and EPNs in
the Austraclear system have a minimum $50,000 face value at all times.
Effective from 1st June 2011, the template in the Austraclear system enabling the creation of ECDs
and EPNs has been updated to enforce a minimum volume and multiple volume of $50,000. This
will ensure that at the point of deposit and in the event of subsequent transfer or settlement, all
ECDs and EPNs held in the Austraclear system will comply with the minimum face value
requirement.
All queries regarding this Notice should be addressed to Austraclear Service Desk on 1300 362
257 or exigo@asx.com.au
Suzanne Munro
Manager – Clearing & Settlement Operations
ASX Limited
20 Bridge Street
Sydney NSW 2000 Australia
This document provides general information only. This document is not investment or financial product advice. While the information contained in
this publication has been prepared with all due care and skill by ASX Limited, the users of the publication must obtain their own independent
advice and conduct their own investigations and assessment regarding the information. Australian Securities Exchange (ASX) is a member of the
ASX group of companies .This document is made available on the understanding that ASX Limited (ABN 98 008 624 691) and its related bodies
corporate and their respective directors, employees, agents, servants and boards accept no responsibility for any person acting on or relying on any
opinion, advice or information and disclaim all liability for any loss howsoever caused (including by reason of negligence) and for any errors,
omissions, defects or misstatements (whether negligent or otherwise) contained in the publication. The information in this document is subject to
change. This document is not a substitute for the relevant Austraclear Operating Rules and in the case of inconsistency, the Austraclear Operating
Rules prevail.