ASX Clear Operating Rules

ASX Clear Pty Limited (ASX Clear) is the holder of an Australian CS facility licence granted under the Corporations Act pursuant to which it provides a facility for the parties to transactions relating to certain financial products to meet obligations to each other that arise from entering into the transaction, including to enable Participants to provide clearing services in relation to transactions in certain financial products, to remove direct transaction counterparty risk for transactions in certain financial products by the assumption, through novation and registration, of those counterparty obligations by ASX Clear and to facilitate settlement of transactions in certain financial products.

The ASX Clear Operating Rules and procedures deal with certain matters in respect of the operation of the clearing facility provided by ASX Clear.

Guidance Notes are also published to assist participants to understand how certain ASX Clear Operating Rules and procedures operate.

Information will be relevant for: Market Participants and Regulated Persons who are involved in the operations of ASX Clear; law firms who need to access this information in order to assist their clients (who are themselves Market Participants or regulated persons) in meeting their compliance obligations; and anyone who participates in trading on the stock market, such as stockbrokers, financial advisers, investment banks, medium and large accounting firms.