CFCL General information - Australia
CFCL eligible fund types
Register market
Investment funds that are established in the following forms are eligible in CFCL:
- Trusts:
- Registered schemes or Managed Investment Schemes governed under Chapter 5C of Corporations Act 2021 (Cth) (Corporations Act)
- Unregistered schemes governed by the terms of the trust deed, and general trust law and state-based trustee legislation
CSD link
Please refer to the CBL Market Link Guide – Australia for more information about funds available via the CSD link.
Eligible funds
ETFs and listed managed funds, which are accepted for settlement in ASX, are eligible in Clearstream Fund Centre.
Listed Managed Funds
Australian Securities Exchange (ASX) offers four (4) types of listed managed funds:
- Listed investment company (LIC) and Listed investment trust (LIT);
- Australian real estate investment trust (A-REIT);
- Infrastructure fund;
- Absolute return fund.
Exchange Traded Funds (ETFs)
Exchange-Traded Funds (ETFs) are permitted and can be traded within the Australian market.
Custody chain and depository
Type of link | Indirect link via BNP Paribas Australia Branch, to:
Physical or book-entry settlement at registrar (for unlisted equities only). |
| CSD (as CBF’s and CBL’s depository) | Custodian (as CBL’s depository) | CBL (as CFCL’s depository) |
Name | ASX Settlement / CHESS as subregister Austraclear | BNP Paribas Australia branch | Clearstream Banking S.A. |
FATCA GIIN | CHESS: Not available Austraclear: IPRD0Z.99999.SL.036 | 1G159I.00207.BR.036 | N1V1GJ.00000.LE.442 |
LEI | CHESS: Not available Austraclear: 549300SW1A0SWG24LO05 | R0MUWSFPU8MPRO8K5P83 | 549300OL514RA0SXJJ44 |
Country of incorporation | Australia | France | Luxembourg |
Account type | Omnibus account | Omnibus account | Segregated |
Legal Account name/ holder |
| Clearstream Fund Centre S.A. | Clearstream Fund Centre S.A. |
Depository
Depository | Local custodian/Agent |
CBL | BNP Paribas, Australia Branch operated by: BNP Paribas Nominees Pty Ltd Depository code: 16 |
Operational arrangements
This section describes the operational arrangements of the Argentina market:
This section describes the operational arrangements of the Australian market, which is a register market with a CSD link.
Domestic Market Yes/No | Register Market | Remarks | |
Settlement free of payment | Yes | Yes | |
Settlement against payment | Yes | Yes | Eligible settlement currency: Australian Dollar (AUD). |
Settlement against payment in central bank money account of CBL/CBL clients | No | n/a | CBL holds a cash account at the custodian. Against payment settlement takes place on BNP’s single account in CHESS and a single account in Austraclear. |
Settlement with Euroclear | No | n/a | |
Shaping facility | No | n/a | |
Partial settlement | No | n/a | Except when the local CSD imposes the partial delivery of securities. |
Settlement penalty fees | No | n/a | |
Pre-matching | Yes | n/a | Subject to counterparty availability. |
Back-to-back processing | Yes | n/a | |
Allegements | No | n/a | |
Automatic compensation | Yes | n/a | For equities only (CSD automatic compensation for on market transactions only). |
Registered securities | Yes | n/a | For dematerialised fund securities, registration takes place automatically upon settlement. |
Multi Market Securities | Yes | n/a | Refer to the Multi-securities Guide. |
Lending and borrowing | No | n/a | |
Proxy voting | Yes | n/a | |
Investment Funds | Yes | n/a | ETF and Listed Managed Funds only. |
Liquidity Hub Connect | No | n/a | |
Sale and purchase of rights | No | n/a | |
Repo services | No | n/a | |
Market restrictions | No | n/a | |
FTT | No | n/a | |
Daily reconciliation | Yes | n/a | |
Moment of entry of instructions | The CHESS or Austraclear rules do not define the moment of entry within the meaning of the Settlement Finality Directive. | ||
Irrevocability of instructions | Matched instructions are irrevocable and require bilateral cancellation. | ||
Finality of instructions | Settlement is considered final once cash and securities are exchanged and a confirmation is received from the CSD. | ||
Legal arrangements
The below section is valid on the date of the legal opinions that were issued and might be subject to change.
The information is provided for guidance only and should not be considered in isolation or as constituting a complete or definitive legal advice on any specific matter.
As CBL is our sub-custodian, please refer to the CBL Market Link Guide - Australia for the complete information about Legal arrangements.
Cash correspondent details
Currency: | Australian Dollar (AUD) |
CCB name: | Australia and New Zealand Banking Group Limited |
CBL account: | 923979AUD00001 |
SWIFT address: | NZBAU3M |
Currency: | Australian Dollar (AUD) |
CCB name: | JPMorgan N.A., Sydney Branch |
CBL account: | 0010058804 |
Swift address: | CHASAU2X |