Review of Settlement Practices for Australian Equities

• Executive Summary
• Introduction
• Background
• The Events of 29 and 30 January
• Issues Arising from these Events

• Possible Modifications to Existing Arrangements

  • The settlement model
  • Improving the functioning of the existing batch settlement model
  • The settlement fails regime
  • Transparency and disclosure of securities lending
• Conclusion
• Attachment 1: Overview of the Australian Equities Securities Lending Market
• Attachment 2: Clearing and Settlement Arrangements for ASX Trades

© Reserve Bank of Australia 2008. All rights reserved.

The contents of this publication shall not be reproduced, sold or distributed without the prior consent of the Reserve Bank of Australia.

ISBN 978-0-9804751-3-5 (Online)