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

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

Business Day Convention

Except as separately defined within the Cash Conventions, a Business Day is a day other than 'bank close days' as defined in Section 14B of the Retail Trading Act 2008 (NSW) that apply to the whole of the State of New South Wales

Essentially, Business 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