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.
When will funds be deposited into my cash account?
Generally, if we receive the money by 4pm (AEST) on a Banking Day, we will credit it to your Cash Account that day. However, if we receive the funds after 4pm (AEST) on a Banking Day, a weekend or a designated public holiday, we will generally credit the funds to your Cash Account on the next Banking Day.