Austraclear provides settlement services for the over-the-counter (OTC) debt market and for derivatives traded on the Sydney Futures Exchange (SFE) and Australian Stock Exchange (ASX) markets. The Austraclear System simplifies settlement complexities and allows ASL as a Full Participant Member to facilitate straight-through-processing (STP) using ASL Direct with our link to Swift and RBA RITS.
Key Features of the ASL Austraclear Solution are:
ASL specialises in providing a range of wholesale payments services to financial institutions. ASL provides high quality, value for money and efficient service to its Members. ASL has partnerships with best of breed service suppliers to ensure that it can bring to its member clients the best solutions possible to their financial payments needs.
ASL has operated for over 20 years supporting Australian Mutual organisations, was the first non-bank to hold an Exchange Settlement Account, and has an enviable performance record. ASL is an approved deposit taking institution and is supervised by the Australian Prudential Regulation Authority.
For further information on this, or any ASL product, please contact ASL.