2012/13 Assessment of ASX Clearing and Settlement Facilities B1.1 ASX Clear

Standard 10: Physical Deliveries

A central counterparty should clearly state its obligations with respect to the delivery of physical instruments or commodities and should identify, monitor and manage the risks associated with such physical deliveries.

Rating: Not applicable

No contracts assigning physical delivery obligations to ASX Clear were traded during the Assessment period. Wool futures contracts, which were previously cleared by ASX Clear and subject to physical delivery, were delisted in April 2013 and no contracts were traded during 2012/13.

Based on this information, the Bank has concluded that CCP Standard 10 does not apply to ASX Clear.

10.1 A central counterparty's rules should clearly state its obligations with respect to the delivery of physical instruments or commodities.

Not applicable to ASX Clear.

10.2 A central counterparty should identify, monitor and manage the risks and costs associated with the storage and delivery of physical instruments or commodities.

Not applicable to ASX Clear.