AUSTRALIA: ASX – Considerations for Accelerating Cash Equities Settlement to T+1

Monday August 12 2024

The Australian Securities Exchange (ASX) published a consultation paper (CP) on  Considerations for accelerating cash equities settlement in Australia to T+1.

The Australian financial market is considering shifting its cash equities settlement cycle from T+2 to T+1, mirroring moves by India, the US, Canada, Peru, Argentina, Jamaica, and Mexico.

In addition to the publication of this paper, ASX has released a consultation paper on the scope and implementation of CHESS replacement Release 2 (settlement and sub register) which outlines ASX’s proposal for the implementation of T+1 in the context of the CHESS replacement project.

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