ASX Genium Clearing Industry Wide Testing Briefing Pack

ASX Genium Clearing Industry Wide Testing Briefing Pack

Table of Contents 1. INTRODUCTION... 3 1.1. 1.2. BACKGROUND... 3 GENIUM CLEARING UPGRADE TIMELINE FEBRUARY 2014... 3 2. IWT OVERVIEW... 4 2.1. 2.2. 2.3. 2.4. 2.5. 2.6. 2.7. OBJECTIVE... 4 SUMMARY... 4 REQUIREMENTS... 4 CUSTOMER PREREQUISITES FOR STARTING IWT... 4 ROLES & RESPONSIBILITIES... 5 SYSTEM & REPORT AVAILABILITY... 5 ATTESTATIONS... 6 2.7.1. Pre-IWT Attestation... 6 2.7.2. IWT Attestation... 6 2.7.3. Implementation Readiness Attestation... 6 2.8. IWT SUPPORT... 6 3. IWT APPROACH... 7 3.1. IWT HIGH LEVEL SCHEDULE... 7 3.2. API AND CW EXECUTION SCHEDULE... 7 3.3. IWT TEST SETS INCLUDED IN ATTESTATION... 8 3.3.1. Test Set 1 Login and Allocations... 8 3.3.2. Test Set 2 Account Position Net-Down / Reinstatement... 8 3.3.3. Test Set 3 Clearing Reports... 8 3.3.4. Test Set 5 Periodic Events (As applicable)... 8 3.3.5. Test Set 6 Clearing Messages... 8 3.4. IWT TEST SETS OPTIONAL... 9 3.4.1. Test Set 4 Market Events (Optional)... 9 3.4.2. Test Set 7 Calendar Events (Informational/Optional)... 9 3.5. IWT DAILY SCHEDULE... 9 4. APPENDIX 1 PRE-IWT ATTESTATION... 10 5. APPENDIX 2 IWT ATTESTATION... 11 6. APPENDIX 3 SCHEDULE OF SERVICES FORM... 12 7. APPENDIX 4 SAMPLE RUN SHEET... 13 7.1. 7.2. 7.3. 7.4. 7.5. 7.6. 7.7. TEST SET 1 LOGIN AND TRADE ALLOCATIONS... 13 TEST SET 2 ACCOUNT POSITION NET-DOWN AND REINSTATEMENT... 15 TEST SET 3 CLEARING REPORTS... 16 TEST SET 4 MARKET EVENTS (OPTIONAL)... 17 TEST SET 5 PERIODIC CLEARING EVENTS (AS APPLICABLE)... 18 TEST SET 6 CLEARING MESSAGES... 19 TEST SET 7 CALENDAR RELATED EVENTS (INFORMATIONAL/OPTIONAL)... 19 Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 2.

1. Introduction 1.1. Background The ASX Clear (Futures) clearing system (SECUR) was deployed at SFE in 2001 and integrated into ASX as part of the 2006 merger. Pursuant to ASX 24 Notice 123/13, ASX will be upgrading the clearing system from SECUR to Genium Clearing on May 19th, 2014. The upgrade is mandatory for all market participants on ASX24, and is being driven by both regulatory and technological requirements. In order to comply with the RBA s Financial Stability Standards (29 th March 2013), and the requirement for the central counterparty to offer segregated client accounts and portability arrangements (Standard 13), ASX Clear (Futures) has designed and developed the Futures Client Clearing (FCC) service. Central to the FCC service has been the introduction of Individual Client Accounts (ICAs) at exchange level, and it is this new ICA account structure which has highlighted limitations in the incumbent clearing system SECUR. The upgrade to Genium Clearing will overcome these limitations. In addition to the flexible account structures that support the Futures Client Clearing service, Genium Clearing also provides a world class platform with scalable transactional capacity, broader configuration capabilities to facilitate increased ASX 24 product listing opportunities and the ability for Customers to reinstate position wholly within the system. The upgrade contains key changes to the API in addition to a replacement of the Back Office PC (BOPC) with the new Clearing Workstation (CW) with minimal functional changes. 1.2. Genium Clearing Upgrade Timeline February 2014 Following is a summarised timeline for Genium Clearing from February 2014 through until Go-Live on Monday May 19 th, 2014. Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 3.

2. IWT Overview 2.1. 2.2. 2.3. 2.4. Objective The objective of the Genium Clearing IWT is for Customers to demonstrate and attest to performing a series of functions within Genium Clearing that confirms their readiness for the system upgrade. Summary IWT is separated into 2 phases; however it is mandatory for each Customer to participate in IWT Phase I. IWT Phase II will be used for those Customers who fail IWT Phase I as a result of technical or operational issues. IWT Phase I is broken down into three, 1 week periods or windows. Each Customer will be allocated a 1 week window to complete their testing and attestation. During each 1 week window, 7 Test Sets will be facilitated by ASX which are detailed within this document. Attestations need to be completed and returned to ASX within 2 business days of the completion of the allocated IWT window. Customers who successfully complete their testing and have submitted their attestation to ASX can conclude their involvement in IWT. Customers who fail IWT Phase I will be allocated either a subsequent testing window during Phase I or a window during Phase II. In the event that all Customers successfully complete testing during IWT Phase I, IWT Phase II will not be run. Supported testing during standard support hours (08:00 18:00) will continue to be provided until go-live. Requirements It is a requirement that all Customers participate in IWT Phase I (Feb 17 th Mar 7 th ). Customers who fail IWT Phase I will be provided with a subsequent 1 week window either during the remainder of IWT Phase I or in IWT Phase II (Mar 31 st Apr 17 th ). During this 3 week period, each Customer will be allocated a 1 week test window. Completed attestations (or advice of failure) must be provided to ASX within 2 business days of the end of the Customers allocated testing window. Customers can choose to continue additional testing activities throughout both IWT Phases and up to go-live. Customer Prerequisites for Starting IWT The Genium Clearing IWT will be conducted on the ASX 24 External Test Environment (ASX 24 ETE). In order to commence IWT Phase I, Customers must ensure they are connected to this environment no later than Feb 14 th. Customers need to ensure their own internal systems are ready to commence industry-wide testing including the receipt of software releases from their vendors or internal development teams. Customers will receive confirmation of their 1 week test window during IWT Phase I from ASX and will need to complete appropriate internal scheduling activities. ASX requires Customers to complete and submit a pre-attestation for IWT to confirm what functional/operational areas they will be covering during IWT that meet the overall readiness requirements to continue their Clearing Operations post go-live. Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 4.

2.5. Roles & Responsibilities As part of the Genium Clearing IWT, Customers and ASX have varying responsibilities during the execution phase as follows: ASX will: provide Test Packs for each Participant execute a daily trade script to generate positions for the test scenarios act as a Participant for selected tests provide Facilitated Testing on request simulate standard Market and Calendar events monitor IWT activities to ensure progress is being made as expected issue status reports periodically throughout IWT Customers will: advise of any issues/impediments as they occur test on both API and Clearing Workstation submit their completed attestation at the end of their allocated testing window 2.6. System & Report Availability Wherever possible, ASX is endeavouring to simulate a production-like environment during IWT with respect to system/report availability. System/Function Description Day/Time ASX 24 ETE Genium Clearing System Availability (as per production) Mon Fri, 01:30 19:30 ASX 24 ETE SECUR System Availability (for comparison purposes) Mon Fri, 02:30 19:30 ASX 24 ETE ASX Trade24 System Availability (as per production) Mon 05:00 Sat 09:00 Trades/Positions Available in Genium Clearing Mon Fri, by 09:00 Clearing Reports/Files Available in Genium Clearing (as per production) Mon Fri, by 01:30 ASXCLF SPAN File Email distribution to IWT Operational Contacts Mon Fri, by 18:30 Off-Market Trading Trades created upon request (see Appendix 3) Mon Fri, 09:00 16:00 Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 5.

2.7. Attestations As part of the readiness activities for Genium Clearing, Customers will be required to complete three attestations as described below. 2.7.1. Pre-IWT Attestation The pre-iwt attestation is to be completed by each Customer and returned to ASX by 07/02/14. The purpose of this form is for the Customer to identify and advise ASX of the functions they will be executing during the IWT. The pre-iwt attestation form can be found in Appendix 1. 2.7.2. IWT Attestation The IWT attestation is to be completed by each Customer and returned to ASX within 2 business days of the conclusion of their allocated testing window. The purpose of this form is for the Customer to confirm the successful completion of their test execution during IWT. The IWT attestation form can be found in Appendix 2. 2.7.3. Implementation Readiness Attestation Prior to the Implementation Rehearsal (May 3 rd and May 4 th, 2014) Customers will be required to confirm their overall readiness (both technical and operational) for the go-live of Genium Clearing. Further information will be provided in Workshop 4 scheduled for April 15 th, 2014. 2.8. IWT Support As with the support provided throughout End-to-End Testing, ASX will provide extended support hours to Customers to ensure queries/issues are handled efficiently. Genium Clearing Support Hotline +612 8298 8043 08:00 21:00 during IWT (Sydney Time) 08.00 18.00 general support hours (Sydney Time) Genium Clearing Email Further Information geniumclearing@asx.com.au Genium Clearing Website Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 6.

3. IWT Approach 3.1. IWT High Level Schedule Each of the two phases of IWT will be broken down into three 1 week periods and the phases will be separated by a 3 week break during the March 2014 Bond Roll: Phase Allocated Window Start Date End Date IWT Phase I Week 1 Monday February 17 th Friday February 21 st IWT Phase I Week 2 Monday February 24 th Friday February 28 th IWT Phase I Week 3 Monday March 3 rd Friday March 7 th Bond Roll / Break Monday March 10 th Friday March 28 th IWT Phase II * Week 1 Monday March 31 st Friday April 4 th IWT Phase II * Week 2 Monday April 7 th Friday April 11 th IWT Phase II * Week 3 Monday April 14 th Thursday April 17 th * In the event that all Customers successfully complete testing during IWT Phase I, IWT Phase II will not be run. Supported testing during standard support hours (08:00 18:00) will continue to be provided until go-live. 17/02/2014-21/02/2014 IWT Phase I - Week 1 24/02/2014-28/02/2014 IWT Phase I - Week 2 3/03/2014-7/03/2014 IWT Phase I - Week 3 10/03/2014-28/03/2014 BOND ROLL/BREAK 31/03/2014-4/04/2014 IWT Phase II - Week 1 7/04/2014-11/04/2014 IWT Phase II - Week 2 14/04/2014-17/04/2014 IWT Phase II - Week 3 1/03/2014 1/04/2014 17/02/2014 17/04/2014 3.2. API and CW Execution Schedule Customers are required to complete testing via their API/s and also via the Clearing Workstation as per the following schedule: Day Monday, Tuesday, Wednesday Thursday, Friday System API Clearing Workstation Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 7.

3.3. IWT Test Sets Included in Attestation During IWT, within each 1 week period, the following Test Sets will be facilitated (see Appendix 4 for sample run sheet). Customers are encouraged to balance their execution schedule across the week to ensure sufficient time to complete the required Test Sets and should take into consideration the requirement to execute across both API (Monday Wednesday) and CW (Thursday and Friday). Test Set* Focus Area Interface/Method Test Set 1 Login and Allocations CW and API Test Set 2 Account Position Net-Down / Reinstatement CW (API if applicable) Test Set 3 Clearing Reports CW (API if applicable) Test Set 5 Periodic Clearing Events CW and API Test Set 6 Clearing Messages CW and API * Optional Test Sets 4 and 7 are included in section 3.4 3.3.1. Test Set 1 Login and Allocations This Test Set focuses on confirming the ability to login and perform basic allocation functions such as rectifies, send give-ups, confirm/reject give-ups, assign commission, split allocations and related search/query functions. 3.3.2. Test Set 2 Account Position Net-Down / Reinstatement This Test Set focuses on full/partial position net-downs, full/partial contract reinstatements and related search/query functions. 3.3.3. Test Set 3 Clearing Reports This Test Set focuses on the searching and downloading of various Clearing Reports. Please note, no new Clearing Reports are being introduced as part of Genium Clearing. 3.3.4. Test Set 5 Periodic Events (As applicable) This Test Set focuses on position transfers, exercise requests (overnight and real-time), denying automatic exercise and related search/query functions. These functions will not apply to all Customers as they may not clear the particular contract types that utilise specific functionalities. 3.3.5. Test Set 6 Clearing Messages This Test Set focuses on the handling of Clearing Messages which will be sent at the conclusion of each day during IWT. Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 8.

3.4. IWT Test Sets Optional Within each 1 week period, the following optional test sets will be facilitated (see Appendix 4 for sample run sheet): Test Set Focus Area Interface/Method Test Set 4 Market Events CW and API Test Set 7 Calendar Events CW and API 3.4.1. Test Set 4 Market Events (Optional) This Test Set focuses on the handling of off-market trades, Electricity Strip Futures, trade cancellations and related search/query functions. These functions will not apply to all Customers as some Customers may not clear the particular contract types that utilise specific functionalities. 3.4.2. Test Set 7 Calendar Events (Informational/Optional) This Test Set focuses on the behaviours associated with specific calendar events such as contract expiries. All clearing events will be simulated for these expiries as per the ASX 24 Expiry Calendar. It is at the Customer s discretion to execute any activities relevant to their procedures in the event that an actual Calendar event is available during their allocated week. Actions that would ordinarily be taken by a Customer during expiry have been simulated by the tests covered in Test Set 5 Periodic Events. 3.5. IWT Daily Schedule Following is the daily schedule highlighting key activities and timings: System/Function Description Day Time Genium Clearing System available M/Tu/W/Th/F 01:30 Clearing Reports Available to download (for prior clearing date) M/Tu/W/Th/F 01:30 SECUR System available M/Tu/W/Th/F 01:30 ASX Trade24 System start-up Mon 05:00 Sat 09:00 Trades/Positions Available in Genium Clearing M/Tu/W/Th/F 09:00 Genium Clearing Message confirming trades/positions loaded M/Tu/W/Th/F 09:00 Genium Clearing Test Set Execution (Customers) M/Tu/W/Th/F 09:00 17:00 Genium Clearing Failover Test (Primary > Backup) Tuesday 10:30 Genium Clearing Failover Test (Backup > Primary) Wednesday 10:30 ASXCLF SPAN File Email distribution to IWT Operational Contacts M/Tu/W/Th/F 18:30 Genium Clearing System EOD M/Tu/W/Th/F 19:30 Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 9.

4. Appendix 1 Pre-IWT Attestation Genium Clearing Pre-IWT Attestation Please complete the following table to indicate activities applicable for your organization during the Genium IWT. Test Section Activity Description API (Yes/No) CW1 (Yes/No) Comment (if No) Login Login and Allocations Rectify trades Give up trades Take up of give up trades Account Position Net-Down / Reinstatement Position net down Position reinstate Position transfer Clearing Reports Retrieve reports/files Review clearing reports/files Exercise request Periodic Clearing Events Strip Option exercise request Deny Automatic exercise Clearing Messages Receive clearing messages Name:. (Please Print) Signature:.. (Operations Manager) Dated this day of.2014 Please email a scanned copy of the completed and signed Pre-IWT Attestation to geniumclearing@asx.com.au by no later than 07/02/2014. Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 10.

5. Appendix 2 IWT Attestation Genium Clearing IWT Attestation Please complete the following table to indicate activities successfully tested for your organization during the Genium IWT. Test Section Activity Description API (Yes/No) CW1 (Yes/No) Comment (if No) Login Login and Allocations Rectify trades Give up trades Take up of give up trades Account Position Net-Down / Reinstatement Position net down Position reinstate Position transfer Clearing Reports Retrieve reports/files Review clearing reports/files Exercise request Periodic Clearing Events Strip Option exercise request Deny Automatic exercise Clearing Messages Receive clearing messages Name:. (Please Print) Signature:.. (Operations Manager) Dated this day of.2014 Please email a scanned copy of the completed and signed Attestation to geniumclearing@asx.com.au within 2 business days of the completed test window. Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 11.

6. Appendix 3 Schedule of Services Form GENIUM CLEARING IWT SCHEDULE OF SERVICES REQUEST FORM During the Genium Clearing IWT, Customers can request specific facilitated testing to assist with completing the validation of their systems and operations. Please indicate which of the following services you require to be facilitated: Name of Organisation Requestor Name Requestor Direct Number Calendar Date of Schedule Service Position Transfer Day 1 Trade Cancellation Day 2 Trade Cancellation Off-Market Trades Strip Futures Trades Please provide specific information regarding your service request in an attachment to us. Please ensure your form is emailed to geniumclearing@asx.com.au by 17:00 AEDST for the following business day. Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 12.

7. Appendix 4 Sample Run Sheet 7.1. Test Set 1 Login and Trade Allocations Blue type in the grid indicates a previous or next day Red type in the grid indicates a related Step or Pre-requisite Green type in the grid is notes to the user SAMPLE - IWT weekly test script - Clearing Participant Week 1 Mon Tue Wed Thu Fri Step Action Expected Status Status Status Status Status Notes section for user Test Set 1 - Log in and trade allocations #1.0 Login CW1 Is successful Not run Not run Not run Not run Not run #1.1 After 9:00am > In Clearing menu open Clearing Messages window Message advises that; IWT test script is ready for today Not run Not run Not run Not run Not run #1.2 In Deal-Trade menu open Trade History window Window opens Not run Not run Not run Not run Not run #1.3 Search today's trades in Trade History Today's trades are displayed Not run Not run Not run Not run Not run #1.4 Perform allocations on today's trades: Per below #1.5 Search trade with Free text = Rect1* Trade displays where FT begins with "Rect1" Not run Not run Not run Not run Not run #1.6 Rectify trade to own account Is possible and Rectify is successfully sent Not run Not run Not run Not run Not run #1.7 Search trade with Free text = Rect2* Trade displays where FT begins with "Rect2" Not run Not run Not run Not run Not run #1.8 Rectify trade to own account and changing the Free text Is possible and Rectify is successfully sent Not run Not run Not run Not run Not run #1.9 Search trade with Free text = Rect3* Trade displays where FT begins with "Rect3" Not run Not run Not run Not run Not run #1.10 Split Rectify trade to own 2 different accounts and changing the Free text Is possible and Rectify is successfully sent Not run Not run Not run Not run Not run #1.11 Search trade with Free text = Rect4* Several trades displays where FT begins with "Rect4" Not run Not run Not run Not run Not run #1.12 Bulk Rectify trades to own account/s and changing the Free text Is possible and Rectify is successfully sent Not run Not run Not run Not run Not run #1.13 Search trade with Free text = Give1* Trade displays where FT begins with "Give1" Not run Not run Not run Not run Not run #1.14 Give up trade to Firm = ASX Is possible and Give up is successfully sent Not run Not run Not run Not run Not run #1.15 Search trade with Free text = Give2* Trade displays where FT begins with "Give2" Not run Not run Not run Not run Not run #1.16 Give up trade to Firm = ASX and changing the Free text Is possible and Give up is successfully sent Not run Not run Not run Not run Not run #1.17 Search trade with Free text = Give3* Trade displays where FT begins with "Give3" Not run Not run Not run Not run Not run #1.18 Give up trade to Firm = ASX and with Commission Is possible and Give up is successfully sent Not run Not run Not run Not run Not run #1.19 Search trade with Free text = Give4* Trade displays where FT begins with "Give4" Not run Not run Not run Not run Not run #1.20 Split Give up trade to Firm = ASX, with 2 different Free text and Commission Is possible and Give up is successfully sent Not run Not run Not run Not run Not run #1.21 Search trade with Free text = Give5* Several trades displays where FT begins with "Give5" Not run Not run Not run Not run Not run #1.22 Bulk Give up trades to Firm = ASX, changing the Free text and with Commission Is possible and Give up is successfully sent Not run Not run Not run Not run Not run #1.23 Search trade with Free text = Give6* Trade displays where FT begins with "Give6" Not run Not run Not run Not run Not run #1.24 Split Give up trade to Firms = oneself and ASX, changing Free text and with Commission Is possible and Give up is successfully sent Not run Not run Not run Not run Not run #1.25 Perform allocations on previous day's trades: Per below #1.26 Search trades from the previous day where Account = INTERIM Previous day's trades are displayed in INTERIM a/c Not run Not run Not run Not run Not run Note. Ensure these are previous day's trades and not today's Informational! #1.27 Rectify a trade to own account and changing the Free text Is possible and Rectify is successfully sent Not run Not run Not run Not run Not run #1.28 Give up a trade to Firm = ASX, changing Free text and with Commission Is possible and Give up is successfully sent Not run Not run Not run Not run Not run #1.29 In Deal-Trade menu open Holding Give Up window Window opens Not run Not run Not run Not run Not run #1.30 Search today's Received trades in Holding Give Up Today's Received trades are displayed Not run Not run Not run Not run Not run Test Set 1 Login and Trade Allocations (Continued) Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 13.

Blue type in the grid indicates a previous or next day Red type in the grid indicates a related Step or Pre-requisite Green type in the grid is notes to the user SAMPLE - IWT weekly test script - Clearing Participant Week 1 Mon Tue Wed Thu Fri Step Action Expected Status Status Status Status Status Notes section for user Test Set 1 - Log in and trade allocations #1.31 Perform allocations on today's trades: Per below #1.32 Search Counterparty = ASX Trades Given up by ASX are displayed Not run Not run Not run Not run Not run #1.33 Search Free text = Take1* Trade displays where FT begins with "Take1" Not run Not run Not run Not run Not run #1.34 Allocate trade to own account - and Confirm Is possible and trade State = Completed Not run Not run Not run Not run Not run #1.35 Search Free text = Take2* Trade displays where FT begins with "Take2" Not run Not run Not run Not run Not run #1.36 Allocate trade to own account and changing the Free text - and Confirm Is possible and trade State = Completed Not run Not run Not run Not run Not run #1.37 Search Free text = Take3* Trade displays where FT begins with "Take3" Not run Not run Not run Not run Not run #1.38 Split allocate trade to own 2 different accounts and changing the Free text - and Confirm Is possible and trade State = Completed Not run Not run Not run Not run Not run #1.39 Search Free text = Take4* Several trades display where FT begins with "Take4" Not run Not run Not run Not run Not run #1.40 Bulk allocate trades to own account/s and changing the Free text - and Confirm Is possible and trade State = Completed Not run Not run Not run Not run Not run #1.41 Search Free text = Take5* Trade displays where FT begins with "Take5" Not run Not run Not run Not run Not run #1.42 Reject trade Is possible and trade State = Rejected Not run Not run Not run Not run Not run #1.43 Search Free text = Take6* Trade displays where FT begins with "Take6" Not run Not run Not run Not run Not run #1.44 Validate the State field State = Deleted (Nb. trade was rejected by the Give up Firm ASX) Not run Not run Not run Not run Not run #1.45 Search Free text = Day2* Trade displays and As of = previous trade date Not run Not run Not run Not run Not run #1.46 Allocate trade to own account - and Confirm Is possible and trade State = Completed Not run Not run Not run Not run Not run Pre-req. Step #1.24 has been executed today Ok Not run Not run Not run Not run Not run #1.47 Search Counterparty = oneself Trade displays Not run Not run Not run Not run Not run #1.48 Allocate trade to own account - and Confirm Is possible and trade State = Completed Not run Not run Not run Not run Not run #1.49 Take a note of the Ext trade nbr Ok Not run Not run Not run Not run Not run #1.50 Return to Trade History window - on today's trades Ok Not run Not run Not run Not run Not run #1.51 Search the Ext trade nbr from Step #1.49 Trades displays Not run Not run Not run Not run Not run #1.52 Validate the Type field (ignoring the Transitory one) The open trade = Take Up, the closing trade = Give Up Not run Not run Not run Not run Not run #1.53 New search - Search trades in Account = INTERIM Trades displays in own INTERIM a/c Not run Not run Not run Not run Not run Note. Please leave trades in own INTERIM a/c - used for next day's Day2s Informational! #1.54 In Deal-Trade menu open Transfer from Transitory window Window opens Not run Not run Not run Not run Not run Pre-req. All previous Steps have been executed today Ok Not run Not run Not run Not run Not run #1.55 Search all trades in Transfer from Transitory Today's trades are displayed Not run Not run Not run Not run Not run #1.56 Search trades with Ext trade nbr = 6* (is a unique 1st digit from others trades) Trades are all in State = Holding Give Up Not run Not run Not run Not run Not run Note. Trades will get taken up by ASX pre-eod Informational! Note. That completes Test Set 1 Informational! Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 14.

7.2. Test Set 2 Account Position Net-Down and Reinstatement Blue type in the grid indicates a previous or next day Red type in the grid indicates a related Step or Pre-requisite Green type in the grid is notes to the user SAMPLE - IWT weekly test script - Clearing Participant Week 1 Mon Tue Wed Thu Fri Step Action Expected Status Status Status Status Status Notes section for user Test Set 2 - Account Position Net down and Reinstate #2.0 In Account menu open Account Position Window opens Not run Not run Not run Not run Not run #2.1 Search current positions Positions are displayed Not run Not run Not run Not run Not run #2.2 Right-click in the grid Pos. to Net down sub-menu is enabled Not run Not run Not run Not run Not run #2.3 Perform Position Net downs: Per below #2.4 Select an account with Long and Short Positions Ok Not run Not run Not run Not run Not run #2.5 Right-click and select Position to Net down Sub-window opens Not run Not run Not run Not run Not run #2.6 Net down the full amount Message prompt is displayed Not run Not run Not run Not run Not run #2.7 Ok the message Window empties Not run Not run Not run Not run Not run #2.8 Validate the position Long/Short is reduced by the Net down amount Not run Not run Not run Not run Not run Note. The Close out field displays any Net down for today - add the column if it hidden Informational! #2.9 Validate the Close out field = the Net down amount Not run Not run Not run Not run Not run #2.10 Select an account with Long and Short Positions Ok Not run Not run Not run Not run Not run #2.11 Net down a partial amount Is possible - Long/Short is reduced by the Net down amount Not run Not run Not run Not run Not run #2.12 Validate the Close out field = the Net down amount Not run Not run Not run Not run Not run #2.13 Take a note of the account and series of the partial Net down from Step #2.11 - to be used next day Ok Not run Not run Not run Not run Not run #2.14 Perform Reinstate Positions: Per below Pre-req. Step #2.6 has been executed today Ok Not run Not run Not run Not run Not run #2.15 Select account position of the full Net down from Step #2.6 Ok - Close out = Net down amount Not run Not run Not run Not run Not run #2.16 Right-click in the grid Reinstate Position sub-menu is enabled Not run Not run Not run Not run Not run #2.17 Select Reinstate Position Sub-window opens Not run Not run Not run Not run Not run #2.18 Reinstate a partial amount - compared with the Qty Closed - and Send Message prompt is displayed Not run Not run Not run Not run Not run #2.19 Ok the message Window empties Not run Not run Not run Not run Not run #2.20 Validate the position Long/Short is increased by the Reinstated amount Not run Not run Not run Not run Not run #2.21 Validate the Close out field Is reduced by the Reinstated amount Not run Not run Not run Not run Not run Note. That completes Test Set 2 on day 1 Informational! #2.22 Next business day Per below Pre-req. Step #2.11 has been executed on a previous business day Ok Not run Not run Not run Not run Not run #2.23 Search the account and series from Step #2.13 Position is displayed Not run Not run Not run Not run Not run Note. The Close out field only displays values where a Net down occurred today Informational! #2.24 Open Reinstate Position Sub-window opens Not run Not run Not run Not run Not run #2.25 Select the Date that the Net down was executed Is possible Not run Not run Not run Not run Not run #2.26 Search Qty Closed = Net down from the previous date Not run Not run Not run Not run Not run #2.27 Reinstate partial or full amount Process is successful - Long/Short is increased by the amount Not run Not run Not run Not run Not run Note. A search in Trade History for today will display Transfer trades with Free text = Informational! RevPosCloseout Note. That completes Test Set 2 on day 2 Informational! Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 15.

7.3. Test Set 3 Clearing Reports Blue type in the grid indicates a previous or next day Red type in the grid indicates a related Step or Pre-requisite Green type in the grid is notes to the user SAMPLE - IWT weekly test script - Clearing Participant Week 1 Mon Tue Wed Thu Fri Step Action Expected Status Status Status Status Status Notes section for user Test Set 3 - Clearing Reports Pre-req. Test Set 1 was executed on a previous day Ok Not run Not run Not run Not run Not run Note. Execution of Test Set 1 will ensure the full list of reports is loaded Informational! #3.0 In Clearing menu open Reports window Window opens Not run Not run Not run Not run Not run #3.1 Search previous day's reports - where Test Set 1 was executed List of reports is displayed Not run Not run Not run Not run Not run #3.2 Tick filter - Only loaded reports List contains only the loaded reports Not run Not run Not run Not run Not run #3.3 Reports loaded include: Per below #3.4 Participant FSA file CSV Not run Not run Not run Not run Not run #3.5 Participant Financial Status Advice Acrobat PDF Not run Not run Not run Not run Not run #3.6 Allocations Sent and Received Data File CSV Not run Not run Not run Not run Not run #3.7 Allocations Sent and Received Report Acrobat PDF Not run Not run Not run Not run Not run #3.8 Clearing Activity Data File CSV Not run Not run Not run Not run Not run #3.9 Clearing Activity Report Acrobat PDF Not run Not run Not run Not run Not run #3.10 Daily Deal and Turnover File CSV Not run Not run Not run Not run Not run #3.11 Daily Deal and Turnover Report Acrobat PDF Not run Not run Not run Not run Not run #3.12 Daily GST Commission Statement File CSV Not run Not run Not run Not run Not run #3.13 Daily GST Commission Statement Acrobat PDF Not run Not run Not run Not run Not run #3.14 Daily GST Fee Statement File CSV Not run Not run Not run Not run Not run #3.15 Daily GST Fee Statement Acrobat PDF Not run Not run Not run Not run Not run #3.16 Daily Position Summary Statement File CSV Not run Not run Not run Not run Not run #3.17 Daily Position Summary Statement Acrobat PDF Not run Not run Not run Not run Not run #3.18 Daily Registration Data File CSV Not run Not run Not run Not run Not run #3.19 Daily Registration Statement Acrobat PDF Not run Not run Not run Not run Not run #3.20 Data used for Margin Calculation EOD Acrobat PDF Not run Not run Not run Not run Not run #3.21 Margin and Position Listing EOD Acrobat PDF Not run Not run Not run Not run Not run #3.22 Select one of the loaded reports and click the Open button Report is opened and able to be printed Not run Not run Not run Not run Not run #3.23 Right-click in the grid Save As option is enabled Not run Not run Not run Not run Not run #3.24 Select Save As option Save As window is opened Not run Not run Not run Not run Not run Note. That completes Test Set 3 Informational! Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 16.

7.4. Test Set 4 Market Events (Optional) Blue type in the grid indicates a previous or next day Red type in the grid indicates a related Step or Pre-requisite Green type in the grid is notes to the user SAMPLE - IWT weekly test script - Clearing Participant Week 1 Mon Tue Wed Thu Fri Step Action Expected Status Status Status Status Status Notes section for user Test Set 4 - Market events Note. Test Set 4 is Optional Informational! #4.0 Market trades Per below Pre-req. Day session trades have been executed in Trade24 Ok Not run Not run Not run Not run Not run #4.1 Search today's trades in Trade History Day trades executed in Trade24 display in Trade History Not run Not run Not run Not run Not run Pre-req. Night session trades have been executed in Trade24 Ok Not run Not run Not run Not run Not run #4.2 Next business day Per below #4.3 Search today's trades in Trade History Night trades executed in Trade24 display in Trade History Not run Not run Not run Not run Not run #4.4 Off-market trades - By request Per below Pre-req. Participant must send the request to ASX Request sent Not run Not run Not run Not run Not run Pre-req. ASX will confirm once off-mkt trades are executed Ok Not run Not run Not run Not run Not run #4.5 Search today's trades in Trade History Trades display with Ext t fee type of E and/or B Not run Not run Not run Not run Not run #4.6 Trade cancellation - By request Per below Pre-req. Participant must send the request to ASX Request sent Not run Not run Not run Not run Not run Pre-req. ASX will confirm once the cancellation is executed Ok Not run Not run Not run Not run Not run #4.7 Search Ext trade nbr. of the cancelled trade in Trade History Original trade and Closing Give Up trade is displayed Not run Not run Not run Not run Not run #4.8 Strip Future trades - (Re. *Note below) Per below Pre-req. Strip trade has been executed in Trade24 Ok Not run Not run Not run Not run Not run #4.9 Search today's trades in Trade History Strip trade executed in Trade24 displays in Trade History Not run Not run Not run Not run Not run #4.10 Search the underlying trade legs to the Strip trade Underlying trade legs display in Trade History also Not run Not run Not run Not run Not run #4.11 In Account Position - Search on the Strip Series Strip is NOT displayed Not run Not run Not run Not run Not run *Note Strip Future trades are now retained by the Clearer; positions and cash flows do Informational! NOT get generated however. Note. That completes Test Set 4 Informational! Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 17.

7.5. Test Set 5 Periodic Clearing Events (As Applicable) Blue type in the grid indicates a previous or next day Red type in the grid indicates a related Step or Pre-requisite Green type in the grid is notes to the user SAMPLE - IWT weekly test script - Clearing Participant Week 1 Mon Tue Wed Thu Fri Step Action Expected Status Status Status Status Status Notes section for user Test Set 5 - Periodic Clearing events Note. Re-instatement of Positions Note. this is covered in Test Set 2 above #5.0 Position Transfer - By request Per below Pre-req. Participant must send the request to ASX Request sent Not run Not run Not run Not run Not run Pre-req. ASX will confirm once the Tfr is executed Ok Not run Not run Not run Not run Not run #5.1 Search in Account Position relating to the Transfer The Position is updated (up or down) by the Transfer amount Not run Not run Not run Not run Not run #5.2 Search in Trade History the transaction relating to the Transfer Transfer transaction is displayed with Free Text = Pos. Transfer Not run Not run Not run Not run Not run #5.3 Exercise Request - Pending. Subject to Operational Procedures Per below Pre-req. Long Positions exist in Options (non Energy/Overnight/Intraday) Ok Not run Not run Not run Not run Not run #5.4 Search the Option in Account Position Option position is displayed Not run Not run Not run Not run Not run #5.5 Select row, right-click and select Exercise Request Sub-window opens Not run Not run Not run Not run Not run #5.6 Enter the required quantity - and Send Message prompt is displayed - No intrinsic check. Not run Not run Not run Not run Not run #5.7 Click Ok Long Position remains unchanged Not run Not run Not run Not run Not run #5.8 Go to Exercise menu and select Pending Exercise Window opens Not run Not run Not run Not run Not run #5.9 Search Pending Exercised Options is displayed Not run Not run Not run Not run Not run #5.10 Take a note of the details to compare with #5.12 Ok Not run Not run Not run Not run Not run #5.11 Next business day Per below Pre-req. Step #5.9 has been executed on a previous business day Ok Not run Not run Not run Not run Not run #5.12 Search Trade History for previous day and Free text = New* Includes New contract type Fut trade re. #5.10 Not run Not run Not run Not run Not run #5.13 Strip Option - Exercise - Realtime. Subject to Operational Procedures Per below Note. Strip Option Exercise (steps #5.14 - #5.20) is Optional Informational! Pre-req. Long Positions exists in Energy Strip Options Ok Not run Not run Not run Not run Not run #5.14 Search the Option in Account Position Option position is displayed Not run Not run Not run Not run Not run #5.15 Before 1:30pm > Select row, right-click and select Exercise Request Sub-window opens Not run Not run Not run Not run Not run #5.16 Enter the required quantity - and Send Message prompt is displayed - No intrinsic check. Not run Not run Not run Not run Not run #5.17 Click Ok Long Position has reduced by the quantity Exercised Not run Not run Not run Not run Not run Note. Exercise will be disallowed if the Option strike is in a DA a/c Informational! #5.18 Go to Exercise menu and select Exercise History Window opens Not run Not run Not run Not run Not run #5.19 Search Exercised Options is displayed Not run Not run Not run Not run Not run #5.20 After 2:10pm > Search resultant Futures trades in Trade History Underlying legs to the Strip Option are displayed Not run Not run Not run Not run Not run #5.21 Deny Automatic Exercise. Subject to Operational Procedures Per below Pre-req. In-the-Money Long Positions exist in Intraday Options Ok Not run Not run Not run Not run Not run #5.22 Search the Option in Account Position (must not be in DA a/c) Option position is displayed Not run Not run Not run Not run Not run #5.23 Before 5:00pm > Select row, right-click and select Deny Automatic Sub-window opens Not run Not run Not run Not run Not run #5.24 Enter the required quantity - and Send Message prompt is displayed - Confirm Not run Not run Not run Not run Not run #5.25 Click Ok Denies Auto field displays the quantity entered Not run Not run Not run Not run Not run #5.26 Take a note of the details Ok Not run Not run Not run Not run Not run Note. That completes Test Set 5 pre-eod tasks Informational! #5.27 After 5:10pm - OR Next business day Per below Pre-req. Step #5.25 has been executed today - OR on previous business day Ok Not run Not run Not run Not run Not run #5.28 Search Trade History today - or for previous day, and Free text = New* Includes New contract Fut trade less the Denies Qty re. #5.26 Not run Not run Not run Not run Not run Note. That completes Test Set 5 post-eod tasks Informational! Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 18.

7.6. Test Set 6 Clearing Messages Blue type in the grid indicates a previous or next day Red type in the grid indicates a related Step or Pre-requisite Green type in the grid is notes to the user SAMPLE - IWT weekly test script - Clearing Participant Week 1 Mon Tue Wed Thu Fri Step Action Expected Status Status Status Status Status Notes section for user Test Set 6 - Clearing messages #6.0 After 7:00pm > Automatic Clearing messages Received from ASX that EOD is about to commence Not run Not run Not run Not run Not run Note. That completes todays testing Informational! 7.7. Test Set 7 Calendar Related Events (Informational/Optional Copyright 2013 ASX Limited ABN 98 008 624 691. All rights reserved 2013 19.