Quarter ending September-2016
SAMPLE PTY LIMITED
PID 9999
linked to: Customer Number 999999
As Central Counterparty, ASX Clear provides novation and netting services to Clearing Participants for
trades executed on ASX Trade or via an Approved Market Operator.
During the reported period, ASX Clear provided the following services to your organisation:
Participant ASX Cash Market Clearing Activity
ASX Clear is a central counterparty for eligible trades and, through the process of novation and netting,
assumes responsibility for settling those trades with you and reduces the trade exposure from gross to
net.
The ‘Total Trades Novated’ by ASX Clear represents the value and volume of your on-market trades
centrally cleared by ASX Clear.
The resultant ‘Novated Settlement Obligation Post-Netting’ represents the value and volume of
settlements required to settle your novated trades.
The direct benefits to the Clearing Participant can be quantified in the comparative value and volume
of cash and securities required to settle market obligations compared with the obligations entered into
at the time of trade.
Total Trades
Novated
Quarter ending September-2016
Value ($)
Volume (# of msgs)
Securities (# of units)
1A
$
Market
Rank
45,640,644
38 $
Novated Settlement
Obligation
Post-Netting
Market
Clearing
Benefit%
Rank1
32,769,678
38
28.20
5,400
38
1,106
38
79.52
57,931,562
36
52,925,232
35
8.64
lower Market Rank # represents higher volumes/value cleared when compared to other participants.
Page 1 of 4
Clearing Benefit by Value
$50,000,000
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$Total Trade Value Novated
Novated Settlement Value
Clearing Benefit by Units
59,000,000
58,000,000
57,000,000
56,000,000
55,000,000
54,000,000
53,000,000
52,000,000
51,000,000
50,000,000
Total Trade Units Novated
Novated Settlement Units
Page 2 of 4
Participant ASX Cash Market Clearing Transaction Fees
Total Trades
Novated
Quarter ending September-2016
Fee2
Fee Rate
Transaction Clearing Fee for Equities and Investment Products
$
42,602,154
0.225 basis points $
959
Transaction Clearing Fee IRS & Warrants
$
3,037,482
0.35 basis points $
106
Crossing Registrations (capped)
$
1,009
0.10 basis points $
-
Total
$
45,640,645
$
1,065
Clearing Fees (monthly)
$600
$500
$400
$300
$200
$100
$-
2
Exclusive of GST.
Capital Protection
It is important to note that ASX Clear makes financial resources available to meet any shortfalls arising
from the default of the clearing participant with the largest exposures under extreme but plausible
market price movement scenarios. ASX Clear currently maintains $250 million of its own capital for this
purpose.
Page 3 of 4
ASX Contact Details
If you require further information or would like to discuss clearing fees, please contact:
Rodd Kingham
Senior Manager, Equity Post Trade Services
Phone 02 9227 0427
Email [email protected]
This document provides general information only and may be subject to change at any time without notice. ASX Limited (ABN 98 008 624 691)
and its related bodies corporate (“ASX”) makes no representation or warranty with respect to the accuracy, reliability or completeness of this
information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in
any way, including by way of negligence, from or in connection with any information provided or omitted, or from anyone acting or refraining to act
in reliance on this information. The information in this document is not a substitute for any relevant operating rules, and in the event of any
inconsistency between this document and the operating rules, the operating rules prevail to the extent of the inconsistency.
© Copyright 2016 ASX Limited ABN 98 008 624 691. All rights reserved 2016.
Page 4 of 4