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Market Passport for Banks and Brokers
Market information
Supporting you
Key market information
Local currencyAustralian
Dollar (AUD)
2017 GDPUSD
1,380bn
Time zoneGMT
+10 hours (NSW)
Numbering
systemISIN and
local codes
Main stock
exchange indexS&P/ASX200
Key market figures
Local market infrastructures
| Equities | Corporate bonds | Government bonds | Derivatives | |
|---|---|---|---|---|
| Trading | ASX | ASX | ASX | ASX 24 |
| Clearing | ASX Clear | n/a | n/a | ASX Clear (future)/ASX Clear |
| Settlement and custody | ASX Settlement | ASX Austraclear | ASX Austraclear | ASX Settlement |
| Cash leg | ASX | ASX | ASX | n/a |
Local market authorities and regulators
- The Australian Prudential Regulation Authority (APRA)
- The Reserve Bank of Australia (RBA)
- The Australian Securities and Investments Commission (ASIC)
Market practices (ALL TIMES ARE LOCAL)
FoP 7.00pm
FoP 6.28pm
ASX Settlement:
- Up to AUD 500,000 = 1 AUD
- AUD 500,000 to 1 million = 10 AUD
- Over AUD 1 million = 20 AUD
ASX Austraclear: fixed interest = 0.
Equities: 0.1% of the settlement shortfall (min AUD 100, max AUD 5,000).
Buy-ins do not exist in Australia. However the ASX enforces a ‘close out’ process on settlement participants for any settlement shortfalls that remain after the close of business on T+4. Settlement participants are required to ‘close-out’ a client’s delivery shortfall by purchasing or borrowing the shares to complete settlement.
Something interesting to know before you visit us in Australia
It would take around 29 years to visit a new Aussie beach every day (there are 10,685 of them!).
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
Supporting you
BNP Paribas Securities Services in Australia
We are one of the largest custodians in the local market and the fastest-growing third-party clearer in Australia.
Our main services
Core
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on‑exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
Market-specific
- Efficient fail coverage thanks to extended securities lending solutions
- Third-party clearing offering as a foreign Authorised Deposit-taking Institution (ADI)
- Global custody access point
- Fund administration and middle-office services for asset managers
What makes us Different
- Proactive involvement with local market infrastructures: ASX CHESS Distributed Ledger Technology (DLT) replacement programme and third-party clearing models
- First custodian to go-live with the ASX ISO20022 STP announcements of corporate actions
- One of the few foreign ADIs that clear in the market
- Ability to connect buy-side and sell-side clients
- One of newest custody platforms on the market, allowing more flexible account structures to satisfy client needs
SELECTED MARKET RECOGNITION
- Custody Risk Global Awards (2016 and 2017): Custodian of the Year – Australia
- Global Investor Investment Excellence Awards (2018): Sub-custody Survey winner, Multi-market APAC for Australia – unweighted
A SOUND PARTNER
BNP Paribas Securities Services has been in Australia since 2001, becoming a branch in 2013. The varied services delivered across a full suite of services is provided by 400+ Australia-based staff, leveraging the support of our regional centre of excellence in Chennai.
Contact
For more information, please contact your relationship manager or
Ross Puncher, Head of Sales Financial Intermediaries, Australia
ross.puncher@au.bnpparibas.com
Something interesting to know before you visit us in Australia
It would take around 29 years to visit a new Aussie beach every day (there are 10,685 of them!).