Market Conventions

 

AFMA supports a comprehensive system of industry accepted standards and conventions that streamline market practices and ensure Australia’s OTC markets trade at an accepted standard.

The conventions and standards listed below reflect current market practices and are kept up-to-date by our markets and operations committees.

Financial Markets Conventions*

• Cash Conventions
• Credit Product Conventions
• Debt Primary Market Conventions
• Inflation Product Conventions
• Interest Rate Derivative Conventions
• Interest Rate Options Conventions
• Long Term Government Debt Securities Conventions
• Negotiable/Transferable Instruments Conventions
• Repo Conventions

 

Bank Close Day 

“Bank Close Days” are defined in Section 14B of the Retail Trading Act 2008 (NSW) that apply to the whole of the State of New South Wales. Essentially, days that are not bank close days are weekdays (Monday to Friday) other than NSW public holidays as gazetted under the NSW state government's Public Holidays Act 2010

Market Conventions – Operations

The Market Conventions – Operations are approved by the AFMA Operations Committee

• Common Confirmation and Settlement Standards

Energy and Carbon Markets Conventions

• Carbon Conventions
• Electricity Conventions
• Environmental Products Conventions
• Gas Conventions

 


* Please note:

• The Bank Bill Swap (BBSW) Benchmark Rate Conventions and Prime Bank Conventions are maintained by ASX, who assumed the administration of the rate on January 1st 2017.