Austraclear Regulations

Austraclear Limited (Austraclear) is the holder of an Australian CS facility licence granted under the Corporations Act pursuant to which it provides a depository and a settlement facility for the parties to transactions relating to certain financial products to meet obligations to each other.  This is defined as the Austraclear System.

The Regulations include the EC Settlement Facility. This is a settlement service for the financial component of electronic conveyancing transactions relating to land and is separate from the traditional Austraclear System.  The terms and conditions relating to the EC Settlement Facility are set out in the Regulations, in each case labelled as "EC Rule". For ease of reference they are shown in blue text.

Austraclear is the sole Central Securities Depository (CSD) of government, semi-government and private sector debt Securities in Australia and offers participants true Delivery versus Payment (DvP), exchanging cash for securities irrevocably and in real-time.

The Austraclear Regulations (approved under the Corporations Act) deal with certain matters in respect of the Austraclear System including the deposit (lodgement) of debt securities, the safe custody of deposited paper securities, the entry of and facilitation of the settlement of transactions, the transmission of information relating to dealings between participants and the movement of funds between participants.

The Austraclear Procedures, Determinations and Practice Notes are also published by Austraclear to facilitate the use of Austraclear, to record prescriptions and determinations made by Austraclear pursuant to the Austraclear Regulations and to record practice notes as to how the Austraclear Regulations are interpreted and administered.

Information will be relevant for: the 700 current participants in the Austraclear system and their legal and compliance advisers; and anyone who participates in trading on the stock market, such as stockbrokers, financial advisers, investment banks, medium and large accounting firms, bond issuers.

General Information
Subject AreaCorporations
UpdatesRegular Updates
Charging MethodAnnual
UpdatesRegular Updates
Charging MethodAnnual

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