Assessment of ASX Clearing and Settlement Facilities Appendix C1. Financial Stability Standards for Central Counterparties

The CCP Standards are made up of 21 headline standards, each of which is accompanied by a number of more detailed sub-standards. In assessing whether a facility has met each of the CCP Standards, the Reserve Bank takes into account associated guidance.[1]

There are two CCPs in the ASX Group – ASX Clear and ASX Clear (Futures) – both of which are wholly owned subsidiaries of ASXCC, itself a wholly owned subsidiary of ASX Limited (see ‘ASX Group Structure’ in Appendix B.1). ASX Clear acts as the CCP for cash equities, pooled investment products, warrants, certain fixed-income products and equity-related derivatives listed on the ASX market. Under the Trade Acceptance Service (TAS), it can also act as a CCP for trades in both ASX- and non-ASX-quoted financial products executed on Approved Market Operator (AMO) platforms. ASX Clear currently provides clearing arrangements for Chi-X under the TAS. ASX Clear (Futures) acts as the CCP for all futures and options products that are traded on the ASX 24 market. ASX Clear (Futures) also offers a clearing service for OTC IRD.

The following provides details of how ASX Clear and ASX Clear (Futures) observe each of the CCP Standards (including sub-standards). It also sets out the Bank's assessment of how well ASX Clear and ASX Clear (Futures) complied with each of the CCP Standards as at 30 June.[2]


The standards and guidance are available at [1]

For an explanation of the Bank's Assessment approach and the ratings scale used, see the introduction to Appendix C. [2]