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RBA Glossary definition for CHESS

CHESS – Clearing House Electronic Sub-register System. CHESS is a settlement system for Australian equities operated by ASX Settlement.

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Payments System Board Update: May 2020 Meeting

22 May 2020 Media Releases
At its meeting today, the Payments System Board discussed the impact of the COVID-19 pandemic on financial market infrastructures and the retail payments system, the Bank’s review of retail payments regulation, the annual assessment of Australia's
https://www.rba.gov.au/media-releases/2020/mr-20-14.html

Appendix A: Background Information | 2021 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
Graph A.1. In addition to settling individual wholesale payments, RITS also facilitates the settlement of net interbank obligations arising from the equity market (through CHESS, the equities settlement system operated ... The CHESS Batch is administered
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/appendix-a.html

List of tables | 2014 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
14,244.6. 0.9. Equity settlements (CHESS). 718.8. 4.0. e. 0.5. (a) Business days. ... CHESS Batch. Multilateral net batch. Primarily equity security transactions. The CHESS batch is operated by ASX Settlement, which owned by ASX Group.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/tables.html

Assessment of ASX Clearing and Settlement Facilities – October 2020

1 Oct 2020 Media Releases
The Reserve Bank today released the October 2020 Assessment of the ASX Clearing and Settlement Facilities.
https://www.rba.gov.au/media-releases/2020/mr-20-22.html

Material Developments | 2020/21 Assessment of ASX Clearing and Settlement Facilities

9 Mar 2023
2020/21 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2020-2021/material-developments.html

Payments System Board Update: February 2023 Meeting

16 Feb 2023 Media Releases
Today’s Payments System Board meeting discussed ASX’s self-assessment against the Financial Stability Standards (FSS), the Bank’s framework for supervising payment system safety and resilience, payments system regulatory reform, the future of
https://www.rba.gov.au/media-releases/2023/mr-23-05.html

General Background | 2013 Self-assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
These multilateral net obligations are calculated by the Clearing House Electronic Sub-register System (CHESS), which is operated by ASX Settlement. ... There is a third feeder system for settling the cash legs of equity security transactions on an RTGS
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/background.html

Abbreviations

9 Aug 2023 RBA Annual Report - 2022 PDF 65KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/abbreviations.pdf

The Australian Financial System

7 Oct 2022 FSR – October 2022
In August, ASX announced that the replacement of its ageing CHESS system – which supports clearing and settlement of nearly all listed Australian equities – would be delayed by at least another ... ASX will need to continue to invest in and maintain
https://www.rba.gov.au/publications/fsr/2022/oct/australian-financial-system.html

The Australian Financial System

9 Oct 2020 FSR – October 2020
However, the record volumes of equity trades in March did result in processing delays in ASX's CHESS clearing and settlement system. ... Although CHESS has maintained high levels of system availability in recent years, its age means that it is
https://www.rba.gov.au/publications/fsr/2020/oct/australian-financial-system.html