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CLEARING _ SETTLEMENT Powered By Docstoc
					Schedule of Fees
CLEARING &
SETTLEMENT
Effective from 16 May 2011
1. Clearing & Settlement Services for ASX Clear & ASX Settlement Participants
    1.1.   Derivatives Settlement Obligations
    1.2.   Cash Market Transaction Clearing, Settlement & Transfers
    1.3.   Settlement Fail Fees
    1.4.   Collateral Management
    1.5.   Holder Recordkeeping

2. Derivatives Registration Fees
    2.1    Derivatives – Equity Options Registration Fees
    2.2    Derivatives – Index Options Registration Fees
    2.3    Derivatives – Index Futures Registration Fees
    2.4    Derivatives – Index LEPOs Registration Fees
    2.5    Derivatives – Stock LEPOSs Registration Fees
    2.6    Derivatives – Grain Futures Registration & Delivery Fees
    2.7    Derivatives – Grain Options Registration and Exercise Fees
    2.8    Derivatives – Wool Futures Registration & Delivery Fees

3. Reporting, Administrative & Support Services
    3.1    Reporting & Enquiry Services
    3.2    Administrative Services
    3.3    Support Services

4. Clearing & Settlement Services for Issuers and Registries
    4.1    Registry Services
    4.2    Holder Notifications and Recordkeeping
    4.3    Primary Market Facility (PMF)
    4.4    Offer Administration
    4.5    Annual CHESS Operating Charge

5. Clearing & Settlement Publications
    5.1    CHESS Products




________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
Clearing & Settlement Fees
ASX Clear Pty Limited (ASX Clear) and ASX Settlement Pty Limited (ASX
Settlement) are wholly owned subsidiaries of ASX Limited (ASX) and are
responsible for the provision of clearing and settlement services to ASX
Participants. Fees are invoiced by ASX Operations Pty Limited (ASX Operations)
on behalf of ASX Clear and ASX Settlement. Invoices are issued monthly in arrears.

The Derivatives Clearing System (DCS) is used by ASX Clear to clear and settle
derivatives products such as exchange traded options and futures.

The Clearing House Electronic Sub-register System (CHESS) is used by ASX
Settlement to settle cash market products such as equities, interest rate products,
warrants and exchange traded funds.

GST exclusive prices are quoted in the ASX Schedule of Fees - Clearing &
Settlement. Usually clearing & settlement services will be subject to GST and the
GST inclusive prices will be charged. In certain situations, an otherwise taxable
supply may be exempt from GST (for example, exports). However, ASX anticipates
that clearing and settlement services will not be ‘exports’ for the purposes of GST
and accordingly, GST inclusive prices will be charged for these services.




________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
1. Clearing & Settlement Services for ASX Clear & ASX Settlement
Participants
Table 1.1           Derivatives Settlement Obligations
    Product      Description                           GST             Basis                       Billable CHESS Messages
    Code                                               Exclusive
                                                       Fee
                                                       $AUD
    22000100     Payments via Austraclear – Unseg1     5.00            Per Derivatives
                                                                       Settlement Obligation
                                                                       (applicable to both
    22000105     Payments via Austraclear – Seg                        Segregated and
                                                                       Unsegregated accounts)
    22000110     Payments via CHESS – Seg2             3.00            Per Notified Clearing       550
                                                                       Participant Obligation
                                                                       (applicable to both
    22000115     Payments via CHESS – Unseg                            Segregated and
                                                                       Unsegregated accounts)
    22000911     Trade Activity Transfer-Seg           2.50            Per Request

    22000910     Trade Activity Transfer-Unseg


Table 1.2           Cash Market Transaction Clearing, Settlement &
Transfers
    Product     Description                            GST             Basis                        Billable CHESS Messages
    Code                                               Exclusive
                                                       Fee
                                                       $AUD
    04900000    Transaction Clearing Fee for           Ad valorem      Calculated at 0.0025% of     164
                Equities                               of 0.25 Basis   executed Trade Value for
                                                       Points          Equities, excluding
                                                                       crossings, option
                                                                       exercises and other non-
                                                                       billable transactions




    04900002    Transaction Clearing Fee for           Ad valorem      Calculated at 0.0035% of     164
                Warrants                               of 0.35         executed Trade Value for
                                                       Basis Points    Warrants

    04900003    Transaction Clearing Fee for           Ad valorem      Calculated at 0.0035% of     164
                Structured Products                    of 0.35 Basis   executed Trade Value for
                                                       Points          Structured Products
    04900004    Transaction Clearing Fee for           Ad valorem      Calculated at 0.0035% of     164
                Interest Rate Securities               of 0.35 Basis   executed Trade Value for
                                                       Points          Interest Rate Securities
    04900001    Crossing Registration Fee ($5 Cap)     Ad valorem      Calculated at 0.0010% of     164
                                                       of 0.10 Basis   crossed Trade Value
                                                       Points
    04900005    DvP Settlement / Miscellaneous         1.60            Per Request to Create a      101
                Payment                                                Settlement Obligation
                                                                       with Value


1
  Fees for the Derivatives Payments service via Austraclear are designed to recover the cost ASX Clear incurs by supporting
payments to and from Clearing Participants through EXIGO. This fee may be adjusted from time to time in accordance with
changes to Austraclear Fees. These fees are shown as a separate line item within a Clearing Participant’s settlement
obligation and are included in the daily settlement total.
2
  Fees for the Derivatives Payments service via CHESS will be calculated and processed daily through DCS. These fees are
shown as a separate line item within a Clearing Participant’s settlement obligation and are included in the daily settlement
total.

________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
    Product     Description                          GST               Basis                       Billable CHESS Messages
    Code                                             Exclusive
                                                     Fee
                                                     $AUD
    04900010    Transaction Modification             0.90              Per Request                 037, 119, 121, 123, 125,129, 131,
                                                                                                   135, 139, 195, 197, 247, 483,
                                                                                                   489, 493, 497
    04900015    CHESS & Sub-register Transfer &      0.90              Per Request to Transfer a   001, 003, 005, 007, 009, 011,
                Conversion3                                            Holding                     013, 015, 017, 019, 021, 025,
                                                                                                   101 (Free of Value), 105
    06200400    Settlement Close Out Notification    0.20              Per Notification            554
    04900020    RTGS Settlement                      5.00              Per Request to Create a     481, 497
                                                                       CHESS RTGS Settlement
                                                                       Instruction with Value

    04900025    ETC Facility                         0.90              Per Electronic Trade        651, 653, 655, 657, 659, 661,
                                                                       Confirmation Message        663, 665, 667, 669
                                                                       Submitted


Table 1.3          Settlement Fail Fees
    Product     Description                                   GST      Basis                       Billable CHESS Messages
    Code                                                Exclusive
                                                               Fee
                                                            $AUD
    04900030    Total Fail Fees for Month            Ad valorem        Calculated at 0.10% of      544
                                                     of 10 Basis       the value of a settlement
                                                     Points            holding shortfall.

                                                      Min. fail fee    A fail fee is levied on
                                                     $100.00 per       each Business Day a
                                                     day               shortfall persists.

                                                     Max. fail fee
                                                     $5,000.00
                                                     per day

    04900035    Fail Fee Reversals                   Variable                                      548




Table 1.4          Collateral Management
    Product     Description                                  GST       Basis                       Billable CHESS Messages
    Code                                                Exclusive
                                                             Fee
                                                           $AUD
    04900050    Collateral Creation – Sponsored               1.20     Per Request                 027
                Holding

    04900055    Collateral Creation – Direct                    0.20   Per Request                 027
                Holding

    04900060    Collateral Creation Advices &                   0.20   Per Advice                  082, 108, 176
                Removals




3
 Transfers between a Participant’s accumulation and settlement entrepot accounts using CHESS message types 001 and 105
are free of charge.

________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
Table 1.5             Holder Recordkeeping
 Product          Description                                    GST      Basis                        Billable CHESS Messages
 Code                                                       Exclusive
                                                                 Fee
                                                               $AUD
 04900065         Re-issue of Current Holding                     1.20    Per Message Request          503
                  Statement – Message Request

 04900070         Re-issue Archived/Manually                      15.00   Per Statement                N/A
                  Requested Holding Statement                             Requested                    (refer ASX Settlement
                                                                                                       Procedure Guidelines –
                                                                                                       Appendix N1, N2)
 04900075         Holder Maintenance – Sponsored                   1.20   Per Request to create or     201, 203
                  Holding4                                                update a Sponsored
                                                                          Holder
 04900080         Holder Maintenance – Direct                     0.20    Per Request to create or     201, 203
                  Holding5                                                update a Direct or
                                                                          Entrepot Holder
 04900085         Change of Controlling Participant –              1.20   Per Message Request          245
                  Message Request

 04900090         Change of Controlling Participant –             5.00    Per HIN Request              N/A
                  Manual Request                                                                       (refer ASX Settlement
                                                                                                       Procedure Guidelines -
                                                                                                       Appendix H)
 04900095         Change Controlling Participant –            2,000.00    Base Charge per
                  Partial/Bulk Base Fee                                   Processed Request

 04900100         Holder Notification Partial/Bulk                 1.00   Per Sponsored Holder
                  Change of Participant                                   Notification

 04900105         Holder/Holding Details Part/Bulk                0.20    Per Holder/Holding           222, 502, 520, 522
                  Change of Participant                                   Report Message

                                                                          A 50% discount is
                                                                          available on incremental
                                                                          fees over $40,000
                                                                          (exclusive of GST)
                                                                          generated as a result of a
                                                                          large transfer of
                                                                          holdings.

 02300016         Bulk Holder Cancellation -                       1.25   Per HIN Request
                  Sponsored Holders
 02300017         Bulk Holder Cancellation -                       0.25   Per HIN Request
                  Sponsored Holders Notification
                  Suppressed or Direct Holders




4&5
      Includes updates to holder registration details, holder status and residency indicator.


________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
2. Derivatives Registration Fees

Table 2.1         Derivatives – Equity Options Registration Fees
 Product Code     Description                       GST         Basis                            Frequency
                                                    Exclusive
                                                    Fee
                                                    $AUD
 20000004         Standard Registration Fee         0.13        Per Contract Per Side
 (segregated)

 22000004
 (unsegregated)
 20000005         Market Maker Registration Fee     variable    $0.005 to $0.065 Per Contract
 (segregated)                                                   Per Side dependent on the
                                                                number of underlyings
 22000005                                                       covered and quoting
 (unsegregated)                                                 performance.

 20000002         Option Exercise / Assignment      0.05        Per Side for Each Exercised
 (segregated)     Fee                                           Option Contract

 22000002
 (unsegregated)
 06200600         Large Transaction Fee Capped      Capped at   Conditions apply. Fee over Cap
                  for 10,000 contracts or more in   $1300       will be rebated monthly.
                  a Single Series.


Table 2.2 Derivatives – Index Options Registration Fees
 Product Code     Description                       GST         Basis                            Frequency
                                                    Exclusive
                                                    Fee
                                                    $AUD
 20000026         Standard Registration Fee         0.35        Per Contract Per Side
 (segregated)

 22000027
 (unsegregated)
 20000028         Market Maker Registration         variable    $0.07 or $0.35 Per Contract
 (segregated)     Fee                                           Per Side dependent on
                                                                quoting performance
 22000029
 (unsegregated)
 20000024         Cash Settlement Fee               0.35        Per Side for Each Cash Settled
 (segregated)                                                   Contract

 22000025
 (unsegregated)


Table 2.3 Derivatives – Index Futures Registration Fees
 Product Code     Description                       GST         Basis                            Frequency
                                                    Exclusive
                                                    Fee
                                                    $AUD
 22000055         Standard Registration Fee         0.35        Per Contract Per Side
 (segregated)

 22000056
 (unsegregated)
 22000059         Cash Settlement Fee               0.35        Per Side for Each Cash Settled
 (segregated)                                                   Contract

 22000060
 (unsegregated)


________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
Table 2.4 Derivatives – Index LEPOs Registration Fees
 Product Code     Description                                GST         Basis                           Frequency
                                                             Exclusive
                                                             Fee
                                                             $AUD
 20000046         Standard Registration Fee                  0.35        Per Contract Per Side
 (segregated)

 22000047
 (unsegregated)
 20000048         Market Maker Registration Fee              variable    $0.07 or $0.35 Per Contract
 (segregated)                                                            Per Side dependent on
                                                                         quoting performance
 22000049
 (unsegregated)
 20000044         Exercise Fee / Assignment Fee              0.35        Per Side for Each Exercised
 (segregated)                                                            LEPO Contract

 22000045
 (unsegregated)


Table 2.5 Derivatives – Stock LEPOs Registration Fees
 Product Code     Description                                GST         Basis                           Frequency
                                                             Exclusive
                                                             Fee
                                                             $AUD
 20000036         Standard Registration Fee                  0.13        Per Contract Per Side
 (segregated)

 22000037
 (unsegregated)
 20000038         Market Maker Registration Fee              variable    $0.005 to $0.065 Per Contract
 (segregated)                                                            Per Side dependent on the
                                                                         number of underlyings
 22000039                                                                covered and quoting
 (unsegregated)                                                          performance.

 20000032         Exercise Fee / Assignment Fee              0.05        Per Side for Each Exercised
 (segregated)                                                            LEPO Contract

 22000033
 (unsegregated)


Table 2.6 Derivatives – Grain Futures Registration and Delivery Fees
 Product Code     Description                                GST         Basis                           Frequency
                                                             Exclusive
                                                             Fee
                                                             $AUD
 22000902         Standard Registration Fee                  2.50        Per Contract Per Side
 (segregated)
 22000903
 (unsegregated)
 22000904         Delivery Fee                               10.00       Per Contract tendered
 (segregated)
 22000905
 (unsegregated)
 02600015         Exchange For Physical (EFP)*               10.00       Per EFP lodgement

                  * Normal registration fees apply to each
                  contract opened as part of EFP
                  lodgement.
                  e.g. An EFP of 200 tonnes = 10 contracts
                  registered ($27.50) + EFP lodgement fee
                  ($11.00) = $38.50 GST Incl.


________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
Table 2.7 Derivatives – Grain Options Registration and Exercise Fees
 Product Code     Description                                   GST         Basis                   Frequency
                                                                Exclusive
                                                                Fee
                                                                $AUD
 22000902         Standard Registration Fee                     2.50        Per Contract Per Side
 (segregated)

 22000904
 (unsegregated)
 34000017         Exercise/Assignment Fee                       2.50        Per Contract Per Side
 (segregated)

 34000018
 (unsegregated)


Table 2.8 Derivatives – Wool Futures Registration and Delivery Fees
 Product Code     Description                                   GST         Basis                   Frequency
                                                                Exclusive
                                                                Fee
                                                                $AUD
 22000950         Standard Registration Fee                     10.00       Per Contract Per Side
 (segregated)

 22000951
 (unsegregated)

 22000952         Delivery Fee                                  25.00       Per Contract tendered
 (segregated)

 22000953
 (unsegregated)
 02600015         Exchange For Physical (EFP)*                  10.00       Per EFP lodgement

                  * Normal registration fees apply to each
                  contract opened as part of EFP lodgement

                  e.g. An EFP of 25,000 kgs
                  = 10 contracts registered ($110.00) + EFP
                  lodgement fee ($11.00) = $121 .00 GST Incl.




________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
3. Reporting, Administrative & Support Services
Table 3.1           Reporting & Enquiry Services
    Product     Description                                   GST        Basis                      Billable CHESS Messages
    Code                                                 Exclusive
                                                              Fee
                                                            $AUD
    04900110    Report Requests & Enquiry Output              0.20       Per Message Request        503, 505,514, 5386 ,

    04900115    Report Request from Archived                  50.00      Per Request
                Storage                                   Minimum

                Holding Balance Reports                Plus              Minimum $750.00 per
                                                              0.03 per   Report Request
                                                              Holding
    04900120    SRN Enquiry                                       2.20   Per Enquiry                452


    04900125    SRN Holding Balance                              0.70    Per Holding Balance        464

    04900130    PID Enquiry                                      0.20    Per Enquiry                691


Table 3.2           Administrative Services
    Product     Description                                   GST        Basis                      Billable CHESS Messages
    Code                                                 Exclusive
                                                               Fee
                                                            $AUD
    04900135    Application of Holding Lock                   5.00       Per Manual Application

    04900140    New/Changed Payment Facility                     5.00    Per request to Create or   240 , 242
                                                                         Modify a Payment
                                                                         Facility
    04900145    Payment Provider Application                   500.00    Per Application
                Fee

    04900195    Top-up to $2,000 Minimum                  Variable       Difference between total
                Annual Fee7                                              CHESS fees paid per
                                                                         annum and the $2,000
                                                                         Minimum Annual Fee.


Table 3.3           Support Services
    Product     Description                                   GST        Basis                      Billable CHESS Messages
    Code                                                 Exclusive
                                                               Fee
                                                             $AUD
    04900185    Non-routine Technical Support               150.00       Within Business Hours -
                (CHESS & DCS)                                            Per hour or Part Thereof

                                                               250.00    Outside Business Hours
                                                                         including Weekends &
                                                                         Public Holidays - Per
                                                                         Hour or Part Thereof

                                                              400.00     Standby Fee for
                                                                         Weekends & Public
                                                                         Holidays (no call out) -
                                                                         Per Day


6
  The CHESS message type 538 counts the number of related output CHESS messages for reporting (see section 19 of ASX
Settlement Procedure Guidelines for related message numbers). CHESS charges at $0.20 per count value in the CHESS
message type 538 except for FGM reports which are charged via the CHESS message type 514.
7
  Only applicable to ASX Settlement Participants and not applicable if the total CHESS fees paid per annum exceeds $2,000.


________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
4. Clearing & Settlement Services for Issuers & Registries

Table 4.1           Registry Services
    Product      Description                                   GST      Basis                       Billable CHESS Messages
    Code                                                  Exclusive
                                                               Fee
                                                             $AUD
    04900260     Provision of CD Containing                  150.00     Per CD Supplied
                 Registration Details




Table 4.2           Holder Notifications & Recordkeeping
    Product      Description                                   GST      Basis                       Billable CHESS Messages
    Code                                                  Exclusive
                                                               Fee
                                                             $AUD
    04900200     CHESS Holding Statements                      1.00     Per Statement

    04900205     CHESS Holding Statement –                    100.00    Per Message Per Month
                 Special Message

    04900210     CHESS & Sub-register Transfer &                 0.25   Per Message Received        402, 404, 406, 408, 412,
                 Conversion                                                                         414, 416, 418

    04900215     Notification of Holding Details                0.20    Per Advice                  759
                 Update

    04900220     Notification of Tax File Number                0.20    Per TFN Notification        534

    04900225     Holding Adjustments &                           0.25   Per Message Request         421, 425, 512
                 Transformations

    04900110     Report Requests & Enquiry Output8              0.20    Per Message Request         503, 505,514, 5389 ,




8
  Issuers are entitled to one free Total Security Balance (TSB) report request per day
Issuers are entitled to one free Holding Net Movement (HMV) report request per day
Issuers are entitled to one free Cum Entitlement Net Movement (CMV) report request per day
Issuers are entitled to a total of 12 free Holding Balance (HBL)/Cum Entitlement Balance (CEB) reports each financial year.
Conditions to receive free reporting are:-
Report request HIN parameter is zero
9
  The CHESS message type 538 counts the number of related output CHESS messages for reporting (see section 19 of ASX
Settlement Procedure Guidelines for related message numbers). CHESS charges at $0.20 per count value in the CHESS
message type 538 except for FGM reports which are charged via the CHESS message type 514.

________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
Table 4.3            Primary Market Facility (PMF)
 Product         Description                                     GST     Basis                        Billable CHESS Messages
 Code                                                       Exclusive
                                                                 Fee
                                                               $AUD
 04900005        DvP Settlement / Miscellaneous          1.60            Per Request to Create a      101
                 Payment10                                               Settlement Obligation
                                                                         with Value

 04900255        Primary Market Facilitation Fee         5,000.00        Issue Value:                 Per Request
                                                         Minimum         $0 to $50m

                                                         Ad valorem      $50m to $250m
                                                         of 1 Basis      Calculated at 0.01% of
                                                         Point           the value of the offer


                                                         Fixed at         Greater than $250m
                                                         25,000.00




Table 4.4            Offer Administration
 Product         Description                             GST             Basis                        Billable CHESS Messages
 Code                                                    Exclusive
                                                         Fee
                                                         $AUD
 04900230        Offer Establishment Fee                 500.00          Per Offer

 04900235        Offer Facilitation Fee                  1,000.00        Per Offer

 04900240        Sponsored Holder Offer                  1.20            Per Offer Acceptance         082, 704
                 Acceptance/ Completion

 04900245        Direct Holder Offer Acceptance/         0.20            Per Offer Acceptance         082, 704
                 Completion

 04900250        Offer Transfer/                         0.20            Per Transfer/Acceptance      034, 711
                 Acceptance



Table 4.5            Annual CHESS Operating Charge
 Product         Description                                      GST    Basis                        Billable CHESS Messages
 Code                                                       Exclusive
                                                                  Fee
                                                                $AUD
 04900265        Annual CHESS Operating Charge             10% of the    Per Issuer Per Annum
                                                               current
                                                          Annual ASX
                                                           Listing Fee
                                                                  with
                                                              1,500.00
                                                            Minimum




10
   This charge is levied to the Issuer by using an "I" code as the Transaction Basis in the Dual Entry Settlement Notification
(101) message.

________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011
5. Clearing & Settlement Publications
Table 5.1       CHESS Products
 Product     Description                           GST    Basis               Billable CHESS Messages
 Code                                         Exclusive
                                                   Fee
                                                 $AUD
 02300005    T+3 Calendars – Complete Set         18.00   Per Set

 02300006    T+3 Calendars – Inserts              12.00   Per Insert

 02300007    T+3 calendars – Holders               9.00   Per Holder

 02300013    CHESS Brochure                       31.00   Per 100 Copies




________________________________________________________________________________________________
ASX Schedule of Fees – Clearing & Settlement                            Effective from 16 May 2011

				
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