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THE ASX has issued a note stating......>

AUSSIE BONDS
AUSSIE BONDS: THE ASX has issued a note stating that "due to the declining
interest rate environment, ASX has been investigating the impact of zero and
negative interest rates on all ASX interest rate products (futures and options
over futures) and relevant ASX systems. Market participants and users of ASX's
interest rate products are advised of the availability of external test
environments for customers to test and validate their own systems and processes
where interest rate futures prices are greater than or equal to 100.00. ASX24
currently restricts orders being entered in interest rate futures products where
prices are greater than or equal to 100.00. Interest rate option strike listings
are also currently restricted to under 100.00. These restrictions will continue
to apply until all ASX24 futures vendors and ASX Clear (Futures) Clearing
Participants confirm their readiness for handling zero and negative interest
rates. Customers will be able test in both ASX24 Customer Development
Environments (CDE and CDE+) from Wednesday 10 July 2019 through to 9 August
2019. A separate market notice advising of the removal of restrictions in ASX24
production environments will be released over the coming weeks."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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