ASX Market Information Bulletin 06/11

Transcription

1 ASX Market Information Bulletin 06/11 Date: 10 March 2011 Key Topics 1. ETO Market Migration to a Standard Contract Size of 100 Shares for Stock Options. 2. Bendigo and Adelaide Bank Limited Retail Bonds (BENHA) deferred delivery related information not able to be disseminated in ReferencePoint Master List and ReferencePoint Corporate Action. Authorised by Upcoming Events Date Event Bulletin No. from 02 May 2011 to 13 May 2011 ETO Market Migration to a Standard Contract Size of 100 Shares for Stock Options 05/11 Contained In this Bulletin Edwina Glinoga Reading List Market Participants Information Vendors Contained In this Bulletin ASX Contact Market Access MarketAccess@asx.com.au CATEGORY ITEM PAGE DATA ITEM ETO Market Migration to a Standard Contract Size of 100 Shares for Stock Options. 2 ASX Limited ABN Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 2000 DISSEMINATION ITEM Bendigo and Adelaide Bank Limited Retail bonds (BENHA) deferred delivery related information not able to be disseminated in ReferencePoint MasterList and ReferencePoint Corporate Action. 5 No responsibility is accepted for any inaccuracies contained in the matter published. ASX Market Information Bulletin INFORMATION SOLUTIONS FROM THE SOURCE Page 1 of 7

2 ETO Market Migration to a Standard Contract Size of 100 Shares for Stock Options On 04 February 2011, ASX issued an ASX Clearing Corporation and ASX Market Notice advising of the ETO market migration from the standard contract size for stock options of 1000 shares per contract to 100 shares per contract. The change will be implemented in a phased approach over a 10-day period from Monday 02 May 2011 to Friday 13 May 2011 as per below implementation schedule. Date Tranche No of Classes Monday, 2 May Tuesday, 3 May Wednesday, 4 May Thursday, 5 May Friday, 6 May Monday, 9 May Tuesday, 10 May Wednesday, 11 May Thursday, 12 May Friday, 13 May Details on the planned ETO market migration to a standard contract size of 100 shares and the rationale for the changes are available in the following documents (use hyperlinks provided to access the documents). ASX Clearing Corporation ASX Market Notice No. 008 document titled ETO Market Migration to a Standard Contract Size of 100 Shares and Implementation Schedule. Client Educational Material ETO Standard Contract Size Change from 1000 Shares to 100 Shares Where appropriate, subscribers are encouraged to make their software vendor aware of the change by forwarding this Market Information Bulletin document. Impacted Market Information Products Market Point refer to ASX Clearing Corporation & ASX Market Notice No. 008 document Test Data Availability: Test data has been be made available to MarketPoint subscribers in the ASX Trade functional test environment for the ETOs of an individual underlying OST. Additional underlyings will be converted in the functional test environment in preparation for the change occurring in production. Test environment users will be advised when these changes are scheduled to be made. ASX Market Information Bulletin INFORMATION SOLUTIONS FROM THE SOURCE Page 2 of 7

3 ReferencePoint Master List (E01 & E02) SP Exchange Traded Options Security Details Impacted Data Field: Refer to Attachment 1 for examples. Shares Per Contract/Contract Multiplier/ Bytes 12 Values are expressed in whole numbers with the exception of contracts with index as underlying. For contracts with index as underlying, values are expressed in dollars to 2 decimal places [9(10) v 9(2)]*. For ASX Equity Exchange Traded Options contracts, this is the number of underlying shares represented by a single contract (for example, a value of 100 disseminated in this field represents 100 shares in 1 contract). For ASX Futures Options contracts, this is the number of underlying futures represented by a single contract. *For ASX Index Options and ASX Index Futures contracts, the value is referred to as the index multiplier which is the dollar value per point of the underlying index (for example, a value of 1000 disseminated in this field represents AUD $10/point of the underlying index) For ASX Wool Futures contracts, this is the number of Kilograms in each contract unit (for example, a value of 2500 disseminated in this field represents 2,500 kilograms in 1 contract) For ASX Grain Futures contracts, this is the number of metric tonnes in each contract unit (for example, a value of 20 disseminated in this field represents 20 metric tonnes in 1 contract). For ASX Options over Futures, this is the number of units of a futures contract (e.g. Option over ASX Grain Futures Contracts contract multiplier of 1 represents 1 contract of the ASX Grain Futures Contract). Note: To identify the appropriate unit of measure that applies to the underlying product of derivatives securities quoted and traded on the ASXTrade trading platform, refer to the Underlying Unit of Measure identifier data field definition. ASX Market Information Bulletin INFORMATION SOLUTIONS FROM THE SOURCE Page 3 of 7

4 ReferencePoint Daily Official List: Quotes Message (QIddmmyy.csv) QQ Initialisation Quotes for Exchange Traded Options & ASX Futures Contracts Impacted Data Field: Refer to Attachment 1 for examples. Contract Multiplier/Shares Per Contract/ Bytes 12 Values are expressed in whole numbers with the exception of contracts with index as underlying. For contracts with index as underlying, values are expressed in dollars to 2 decimal places [9(10) v 9(2)]*. For ASX Equity Exchange Traded Options, this is the number of underlying shares represented by a single contract (for example, a value of 100 disseminated in this field represents 100 shares in 1 contract). For ASX Futures Options contracts, this is the number of underlying futures represented by a single contract. *For ASX Index Options and ASX Index Futures contracts, the value is referred to as the index multiplier which is the dollar value per point of the underlying index (for example, a value of 1000 disseminated in this field represents AUD $10/point of the underlying index) For ASX Wool Futures contracts, this is the number of Kilograms in each contract unit (for example, a value of 2500 disseminated in this field represents 2,500 kilograms in 1 contract) For ASX Grain Futures contracts, this is the number of metric tonnes in each contract unit (for example, a value of 20 disseminated in this field represents 20 metric tonnes in 1 contract). For ASX Options over Futures, this is the number of units of a futures contract (e.g. Option over ASX Grain Futures Contracts contract multiplier of 1 represents 1 contract of the ASX Grain Futures Contract). ReferencePoint Derivatix Theoretical Prices (THEO.csv) Impacted Data field: Refer to Attachment 1 for examples. UnitsPerLot Field Name Bytes 8 This is the number of units in a lot/per contract (i.e. 25 tonne or 100 shares*). Note *: 1000 shares per lot will be reduced to 100 shares per lot. ASX Market Information Bulletin INFORMATION SOLUTIONS FROM THE SOURCE Page 4 of 7

5 Margin Parameters (MAR.csv) Impacted Data Field: Refer to Attachment 1 for examples. Multiplier Field Name Multiplier (also referred to as Contract Multiplier) Bytes 8 Expressed in the following units of measurement: Wool Futures Grain Options & Futures Equity Options Index Options and Futures Kilograms Metric Tonnes Units of Shares* (i.e. $10 each index point is equal to $10) This is the number by which the underlying value being traded must be multiplied by in order to determine the dollar value of the contract. * Note: Contract size reduction from current 1000 contract size series will be reduced to 100 shares starting from 02 May Bendigo and Adelaide Bank Limited Retail Bonds (BENHA) Deferred Delivery Related Information - not able to be disseminated in ReferencePoint Master List and ReferencePoint Corporate Action In reference to ASX Circular dated 09 March 2011 Bendigo and Adelaide Bank Limited Deferred Settlement Trading Bendigo and Adelaide Bank Retail bonds Series 1, ReferencePoint Master List and Corporate Action subscribers are advised that due to ASX systems limitations, deferred delivery related information for the Floating Rate Unsecured Unsubordinated Retail Bonds Series 1 Maturing 17 March 2014 security (ASX Code: BENHA) are not able to be disseminated in these products. Below is an extract from the ASX Circular: DEFERRED SETTLEMENT TRADING It is expected that the Retail Bonds will commence trading on a deferred settlement basis from 12:00pm AEDST on Tuesday 15 March 2011 (ASX Code: BENHA). The indicative timetable is as follows. Tuesday, 15 March 2011 Monday, 21 March 2011 Tuesday, 22 March 2011 Friday, 25 March 2011 Deferred Settlement trading expected to commence at 12:00pm AEDST ASX Code: BENHA Holding statements despatched Last day of deferred settlement trading Normal T + 3 settlement trading commences First settlement date ASX Market Information Bulletin INFORMATION SOLUTIONS FROM THE SOURCE Page 5 of 7

6 ReferencePoint Master List For ReferencePoint Master List (SL Security Details - Interest Rate & Convertible Notes), below are details on the incorrect default values that will be sent for 3 fields. Corresponding correct values are also being provided. SL Message Data Field Incorrect Default Value to be Sent Correct Value Deferred Settlement Indicator 0 1 (Settlement is Deferred) Despatch Date 0 21 March 2011 First Settlement Date 0 25 March 2011 ReferencePoint Corporate Actions There will be no relevant corporate actions sent on ReferencePoint Corporate Action Message (E34) in relation to the deferred settlement trading status of BENHA. Subscribers should refer to the indicative timetable above for information on the last day of deferred settlement trading. Subscribers are requested to manually update their records using the information provided in the above tables. If you have any queries regarding this Bulletin, please contact Market Access via at MarketAccess@asx.com.au or phone on ( from outside Australia). ASX Market Information Bulletin INFORMATION SOLUTIONS FROM THE SOURCE Page 6 of 7

7 Attachment 1 Examples ASX Code AMPCT8 ELD6P NCM41 Market Information Product ReferencePoint Master List: SP Exchange Traded Options Security Details ReferencePoint Daily Official List: Quotes Message (QIddmmyy.csv) ReferencePoint Derivatix: Theoretical Prices (THEO.csv) ReferencePoint Master List: SP Exchange Traded Options Security Details ReferencePoint Daily Official List: Quotes Message (QIddmmyy.csv) ReferencePoint Derivatix: Theoretical Prices (THEO.csv) ReferencePoint Master List: SP Exchange Traded Options Security Details ReferencePoint Daily Official List: Quotes Message (QIddmmyy.csv) ReferencePoint Derivatix: Theoretical Prices (THEO.csv) Data Field Shares Per Contract/Contract Multiplier/ Contract Multiplier/Shares Per Contract/ Shares Per Contract/Contract Multiplier/ Contract Multiplier/Shares Per Contract/ Shares Per Contract/Contract Multiplier/ Contract Multiplier/Shares Per Contract/ Current Value (shares) New Value (shares) (no change) (no change) ASX Market Information Bulletin INFORMATION SOLUTIONS FROM THE SOURCE Page 7 of 7