Part 42 Provision of information about Market Participants

Part 4.2 Provision of information about Market Participants

The Market Operator must maintain the information specified below about each Market Participant and advise ASIC in writing of any changes which are made to the information (including any changes resulting from the admission of new Market Participants) within 2 Business Days of the change being made:

Market Participant name;
the unique identifier that is used by the Market Operator to identify the trading activities of the Market Participant on the Market Operator’s Trading Platform; and

Market Participant type, being:

      Trading Participant; or
      Principal Trader.

Maximum penalty: $100,000

Chapter 7: Margins and right of Close Out

Part 7.1 Interpretation

7.1.1 Definitions

In this Chapter:

“Approved Ratings Agency” means a credit rating agency holding an Australian Financial Services Licence authorising it to give general advice by issuing a credit rating.

“Approved Securities” means securities appearing on the list below for which the Trading Participant has, and is able to demonstrate, direct control over and authority to liquidate:

(a) a letter of credit or guarantee in favour of the Trading Participant issued in documentary form by an Australian ADI or by a foreign bank with at least a short term investment grade credit rating from an Approved Ratings Agency (provided that the Australian ADI or foreign bank is not the Client);
(b) a letter of credit or guarantee in favour of the Trading Participant issued by the New South Wales Treasury Corporation, the Queensland Treasury Corporation or the Tasmanian Public Finance Corporation;
(c) not more than 75% of the market value of shares in one or more of the top 100 Australian companies listed on an Australian stock exchange approved under the Corporations Act, measured by market capitalisation at the time the Cover was lodged;
(d) not more than 70% of the market value of shares in one or more of the top 10 listed New Zealand companies, measured by market capitalisation at the time the Cover was lodged;
(e) not more than 90% of the market value of Australian government securities that have a residual maturity of over 1 year;
(f) not more than 95% of the market value of Australian government securities that have a residual maturity of under 1 year;
(g) for a trading participant trading on a foreign Financial Market, not more than 90% of the market value of foreign government securities that have a residual maturity of under 12 months if;
  (i) the security is approved by that foreign Financial Market;
  (ii) the security is acceptable as Cover by a futures broker of that country; and
  (iii) the country has a Standard & Poor’s long-term and short-term credit rating for sovereigns of AAA and A-1 respectively;
(h) not more than 95% of the market value of bills of exchange accepted or endorsed by an Australian ADI (provided the Australian ADI is not the Client); and
(i) not more than 95% of the market value of Negotiable Certificates of Deposit issued by an Australian ADI (provided the Australian ADI is not the Client).