 Trading &
Settlement Calendar
Newcastle Electronic Trading System (NETS)
Settlement of Transactions on the Exchange
 Trading and Settlement Calendar
Non-Trading and Non-Settlement dates.
Adobe (36kb)
reserves the right to change the Trading & Settlement dates.
Newcastle Electronic Trading System (NETS)
 Trading on the
takes place on the
Newcastle Electronic Trading System (NETS), which is one of the most technologically sophisticated equities markets in the world.
operates NETS under licence from the Australian Stock Exchange Limited (ASX).
NETS was developed by ASX for the
and is based on ASX's own highly successful SEATS*
trading platform.
NETS compares buying and selling orders entered into the system and automatically executes trades in strict time/price priority whenever two orders match.
Orders, are entered on NETS trader workstations in stockbrokers' offices which may be located anywhere in Australia, and are then routed to network processors in Newcastle and Sydney.
Trading hours are
between 9.00am and 2.30pm Newcastle (AEST), Monday to Friday.
Settlement of Transactions on the Exchange
The settlement of transactions on the Stock Exchange of Newcastle Limited will occur using
CHESS
CHESS** stands for Clearing House
Electronic Sub-register System.
The main objective of CHESS** is to reduce the amount of paperwork and thereby speed up transaction processing, while providing added benefits of reduced risk of incomplete or incorrect settlement and greater ease of trading and holding shares for investors.
CHESS** reduces the amount of paperwork by providing for electronic settlement of share transactions.
With CHESS**, investors, stockbrokers and listed companies enjoy a number of benefits:
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The convenience and security of maintaining shareholdings in uncertificated form, |
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Periodic holding statements detailing individual transactions an the holding balance for each security, |
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Reduced settlement risk because of faster, fixed period settlement three
business days after the trade date (known as T+3), |
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Predictable settlement obligations for both buyers and sellers, |
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Fast, efficient settlement even when sharemarket volumes are high, and |
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An internationally competitive
sharemarket. |
When shares are held in an uncertificated form, you do not have to worry about the security of share certificates, reconciling holdings or forwarding them to your stockbroker.
You can provide access for the transfer of any shares you sell by using your Holder Identification Number
(HIN) if you are on CHESS**, or Shareholder Reference Number (SRN) if you are issuer sponsored.
Both numbers control access to your holdings and so should not be generally disclosed.
Trademark acknowledgements:
(*) SEATS is a registered trade mark of ASX Operations Pty Ltd.
(**) CHESS is a registered trade mark of ASX Settlement and Transfer
Corporation Pty Ltd
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TRADING
& SETTLEMENT
