Administration of Concessions
The Concession Schemes are only available to individual clients that meet the scheme criteria and are not available to brokers amalgamating individual client trades. For this purpose only, the definition of an individual client encompasses a single client trading through a broker and the principal (House) trading activity of an organisation that provides brokerage services.
Administration of Concession Schemes:
1) The Monthly Lodgement Forms must be completed and endorsed by a SFE Clearing Participant.
2) SFE Clearing Participants will be required to lodge with the SFE a prescribed form (attached) no later than 10.00am on the 1st Business Day after every month, on behalf of each client that has transacted under an Off-peak Concession. In the case of late lodgements, if the prescribed form is not lodged by the 5th business day after the relevant month all volume for the relevant month will be charged at the full Headline Exchange Fee rate.
3) The timely lodgement of the forms is the responsibility of SFE Clearing Participants and their clients. Late lodgements (not permitted after 5 business days) will result in SFE Clearing Participants being charged the Headline Exchange Fee and issued with a rebate 10 business days after the form is lodged.
4) SFE will in turn adjust the monthly billing statement of SFE Clearing Participants so that SFE Clearing Participants can in turn bill their clients accordingly.
5) It will be the responsibility of SFE Clearing Participants to bill their clients in accordance with the processes required for the Off-peak Concession. SFE will accept no liability for the failure of the Clearing Participant to accurately report the trading volume of the market participant. Where any inaccuracy occurs, which in turn leads to an erroneous payment, it is a matter between the client and Clearing Participant. No claims will lie against SFE or SFE Clearing.
On behalf of their customers, SFE Clearing Participants are requested to fax their application and monthly forms to:
Gordana Andrieska
Fax: 02 9227 0553
Finance Department
Australian Securities Exchange Limited
20 Bridge Street
Sydney NSW 2000
 | Off-Peak Monthly Form | PDF, 61Kb |