Settlement For
The Wholesale
Debt
Market
austraclear
ASL’s Austraclear Solution simplifies settlement complexities and provides a single, safe and secure integrated solution for registration, issue, lodgement, settlement, coupon distribution and redemption for the wholesale debt market.
ASL is a Full Participant Member allowing us to provide sponsorship and settlement services on behalf of our Clients using ASL’s RITS* Exchange Settlement Account (ESA).
Austraclear provides settlement services and related depository services for debt securities and derivatives traded on the ASX and ASX 24 markets. The solution also provides settlement for margin payments in ASX Clear and ASX Clear (Futures) – in accordance with Austraclear Regulations and Procedures.
Key Features
- ESA Access – Seamless process with access to ASL’s Exchange Settlement Account.
- Secure System – Austraclear settlements via RITS* RTGS.
- Real-time – Settlements process in real-time.
- Sponsorship Flexibility – Multiple options for sponsorship.
- Pre-Funding – Our clients have access to manage liquidity intraday.
- Online Portal – Full visibility of trade, settlement and holdings via a convenient online portal.
- Daily Reporting – Daily reports available for simple reconciliation.
*Reserve Bank Information & Transfer System.
Benefits For You
- Fully Regulated – The solution is fully regulated by the Reserve Bank of Australia’s Financial Stability Standards.
- Increase Efficiencies – Create intra-day management efficiencies within your treasury function.
- Fast Access – Easily access real-time settlement account balances.
- Risk Reduction – Access ASL’s ESA which reduces risk for Austraclear intra-day settlements.
- Flexibility – Exceptional valuefor money membership options cater to any business requirement.
- Reliability – Access Australia’s most established financial networks with near-perfect availability.
- Simple Reconciliation – Access ASL Direct’s tools and reports for streamlined reconciliation.
- Wide Coverage – 900+ participants provide wide coverage across Australia’s financial market.
- Support – Access a team of experts with market leading experience and knowledge.
The ASL Advantage
- ASL has a proud 30+ year settlement history.
- ASL is a founding member with Direct Connection into the New Payments Platform (NPP) and COIN networks.
- ASL was one of the first organisations to process live transactions on the New Payments Platform.
- ASL has invested substantially to enhance our New Payments Platform environment.
- ASL is a member and active participant of SWIFT, AusPayNet, eftpos, BPAY and Visa.
- ASL has ‘ASAPP’, our easy, flexible API platform.
- ASL is an authorised ADI, under the supervision of APRA, and compliant with all required APRA Prudential Standards.