Austraclear

Austraclear combines best practice settlement and technological excellence to deliver a wide range of market-leading depository, registration, cash transfer and settlement services for debt instrument securities. The breadth of cash and wholesale physical debt settlement capabilities offered makes Austraclear an integral part of Australia's financial markets and a major financial markets service provider to the Aia-Pacific region.

Austraclear currently services over 830 Participants, holds over A$1.9 trillion worth of securities, and via a real time link to the Reserve Bank of Australia's (RBA) Real Time Gross Settlement (RTGS) system, settles on average more than A$67 billion of transactions per day.

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:

  • Support for straight-through-processing (STP)
  • Pre-funding of amounts at the time of performing the transaction
  • Integration with ASL Direct
  • Daily Austraclear message lists with their status
  • Reporting

MAJOR BENEFITS TO YOU

  • Treasury efficiencies
  • Real-time access to your settlement account balances in ASL’s ESA Account
  • Exceptional value for money

Why ASL?

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.