The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
Hybrids 101
The NAB’s Mark Todd explains the basics of hybrid securities and outlines their benefits and risks.
For more detailed information on hybrids including their history, why banks issue them and how they work, listen to our podcast here.
You can invest in initial public offerings as well as new hybrid and listed fixed income securities through nabtrade. Visit our Capital Raisings page to view available investment opportunities or to subscribe for notifications.