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Australian
Dollar (AUD)
USD
1,380bn
GMT
+10 hours (NSW)
ISIN and
local codes
S&P/ASX200
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 |
ASX Settlement:
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.
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.
We are one of the largest custodians in the local market and the fastest-growing third-party clearer in Australia.
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.
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.
For more information, please contact your relationship manager or
Ross Puncher, Head of Sales Financial Intermediaries, Australia
ross.puncher@au.bnpparibas.com