ASX today released details of proposed eligibility criteria for certain stakeholders to receive an incentive payment as part of the CHESS Replacement Partnership Program. In a message to stakeholders, ASX invited feedback on the proposed criteria ahead of making the first development incentive payment under the $70 million program.
As previously announced at its 2023 half-year results, the Partnership Program is designed to recognise the important work that will be undertaken on a go-forward basis as ASX, together with industry, work together toward the successful progress and completion of the CHESS replacement project. The Partnership Program consists of two separate financial support components:
- a Participant Rebate Pool of $15 million to be paid to clearing and settlement participants in August 2023
- a Development Incentive…
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