THE SETTLEMENT MECHANISM : Australia   Who provides a central securities settlement system? ASX Settlement and Transfer Corporation Pty Ltd ("ASTC") Which of the Bank for International Settlements' models is the closest match to the mechanism for linking delivery and settlement in the securities settlement system?ÿ Specify whether all or some instruments settle in this way. Equities, warrants, company options, convertible debt and trust units: BIS model 3 Key features which distinguish the settlement mechanism from the BIS model   Clarification of the above Optional real-time gross settlement (BIS model 1) is a medium-term development for ASTC This page is sponsored by: More about ASX Settlement and Transfer Corporation Pty Ltd Responsibility for accuracy of the above information rests solely with the named sponsor.  All information at globalcustody.net is written as a general guide, so it is recommended that specific professional advice is sought before any action is taken.   TOP