Austraclear is a central securities depository (CSD) in Australia. It is a wholly owned subsidiary of the Australian Securities Exchange (ASX). Austraclear provides settlement and depository services for a wide range of securities, including government bonds, corporate bonds, and equities.
Austraclear was established in 1986 and is regulated by the Australian Securities and Investments Commission (
ASIC). It is a member of the International Organization of Securities Commissions (
IOSCO) and the Global Custody Forum (GCF).
Austraclear's settlement and depository services provide a number of benefits to investors, including:
- Reduced risk: Austraclear's settlement and depository services reduce the risk of loss or fraud by holding securities in a safe and secure environment.
- Increased efficiency: Austraclear's settlement and depository services help to reduce the time and cost of trading securities.
- Improved transparency: Austraclear's settlement and depository services provide greater transparency into the ownership and transfer of securities.
Austraclear is a critical part of the Australian financial system. It plays an important role in the safe and efficient trading of securities.