On 18 February 2021, ASX released its consultation paper on CHESS Replacement: Proposed changes to netting and settlement workflow, with written submissions in response to the consultation paper due by 18 March 2021.
On 8 March 2021, ASX published updates to its documentation portal including updating the forward release plan to clarify the ISO 20022 message collection associated with each CDE release.? Further details are available via the "What's New" section in the documentation portal.
On 26 February 2021, ASX published updates to technical documentation relating to a CDE uplift release introducing additional test tools and two new demand reports for testing. The uplift is available in CDE from 1 March 2021.? Release notes providing full details can be found here.??
The latest CHESS Replacement newsletter has been published for February 2021, and can be accessed here.?
On 23 February 2021, ASX held the Implementation & Transition working group webinar on proposed changes to netting & settlement workflow. The webinar recording, presentation materials and Q&A are available here.
On 18 February 2021, ASX released its consultation paper on CHESS Replacement: Proposed changes to netting and settlement workflow. The consultation paper outlines proposed changes to the design of both the netting and settlement confirmation workflows to deliver processing efficiencies and reduce subsequent messaging volumes as part of the overnight end-of-day process and daily batch settlement.
The proposed changes will allow the CHESS replacement system to support clearing and settlement of significantly greater trading volumes and are largely in response to the extreme record trading activity in March 2020, which redefined the Day 1 capacity requirements of the replacement system.
Written submissions in response to the consultation paper are due by 18 March 2021.