Quick &
Simple
Digital
Settlement
PEXA
ASL partners with PEXA to provide a world-first digital solution that has revolutionised the way property is exchanged in Australia. The solution provides client’s with PEXA sponsorship and settlement services.
With quick access to the proceeds of property sales and near real-time tracking of settlements, the solution is quick and simple and gives access to the largest network of financial institutions, legal and conveyancing firms – that help over 20,000+ businesses safely exchange and settle property.
The solution is available across:
- New South Wales
- Queensland
- South Australia
- Western Australia
- Victoria
Speak with us today and let ASL make property exchange simple and seamless for you and your customers.
Key Features
- ESA Access – Access ASL’s ESA digital conveyancing account for settlement.
- SFTP Services – Receive PEXA message quickly and easily.
- Batch Processing – Access to RITS batch settlement services.
- Streamlined Notifications – Users notified of upcoming settlement and funds reservations.
- Secure Settlement – Property settlement is via the RBA’s secure RITS system.
- Easy Reporting – Access an exclusive system for reporting and reconciliations.
Benefits For You
- Fast Access – Access cleared funds quickly once settlement completes via RITS.
- Improved Communication – Settlement messages exchanged daily via ASL’s SFTP service in convenient xml. format.
- Pre-Checking – Source funding for any PEXA settlement, pre-funding and reservations are done before settlement.
- Safe and Secure – Safe and encrypted signings and funds exchange via the RITS system.
- Streamlined Lodgement – Easy settlement process with real-time lodgement of documents.
- Save Time – All stages processed online, saves considerable time throughout the entire exchange process.
- Simple Reconciliation – Access to the ASL Direct portal simplifies reconciliations.
- Future Proof Solution – ASL is a Member and AusPayNet Closed User Group participant for ‘electronic conveyancing’ ensuring up-to-date product development.
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.