ASX Clearing and Settlement Boards

Backed by significant capital and collateral, and overseen by Australian regulators, ASX’s clearing and settlement infrastructure supports the world-class reputation of Australia's financial markets.

ASX Clear is the clearing house for Australia’s equity markets, including cash equities and equity options.

ASX Clear:

has a ‘AA-’ long-term credit rating from Standard & Poors’
is regulated by Australia’s central bank (Reserve Bank of Australia) and securities regulator (Australian Securities and Investments Commission)
complies with the CPMI-IOSCO Principles for Financial Market Infrastructures and Australian Financial Stability Standards
is recognised as a ‘Qualifying CCP’ under the prudential standards applicable to Australian banks set by Australia’s banking regulator (Australian Prudential Regulation Authority).

ASX Clear is authorised to clear transactions for certain customers located in a number of jurisdictions, including the EU and United States.

ASX Clear is currently the sole provider of clearing services for Australia’s equity markets, and has made a number of commitments to customers of its cash equities clearing services which are set out in a Code of Practice.

The Board of ASX Clear is made up of a number of directors from ASX Limited and non-ASX Limited directors. The Chair is a non-ASX Limited director. The non-ASX Limited directors can form a quorum to consider any conflict or commercially sensitive matters for listing and trading venues concerning their clearing arrangements with ASX Clear. The directors of ASX Clear are listed below.

Stephen Knight

Independent, Non-Executive Director
BA, FAICD

Skills, experience and expertise

Mr Stephen Knight is the Chair, and one of the non-ASX Limited directors, of ASX Clear Pty Limited and ASX Settlement Pty Limited, ASX’s clearing and settlement licensees for Australia’s equity markets. He was appointed as Chair of ASX Clear (Futures) Pty Limited and Austraclear Limited in May 2022. He is also a director of the ASX Group’s other clearing and settlement subsidiaries.

Mr Knight has more than 40 years of experience in the Australian finance industry. He served as CEO of NSW Treasury Corporation (TCorp) for 10 years. Prior, he was Head of Treasury and Capital Markets at UBS Australia, and Executive Treasurer for ANZ Banking Group.

Carolyn Colley

Independent, Non-Executive Director
FCA, GAICD

Skills, experience and expertise

Ms Carolyn Colley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. She is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Ms Colley has more than 30 years of leadership experience spanning the financial services, product development, technology, and innovation sectors. She held senior executive roles at Macquarie Bank, St.George Bank, BT Financial Group and Faethm – a global analytics software-as-a-service platform.

John Buckley

Independent, Non-Executive Director
BEng (Hons), Electrical and Electronic Engineering
ACMA – Chartered Institute of Management Accountants
AMCT – Association of Corporate Treasurers
ACGI – City & Guilds Institute

Skills, experience and expertise

Mr John Buckley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Mr Buckley is a senior business leader with subject matter expertise spanning three decades across all facets of finance, risk, and operations in banks, hedge funds, trading firms and exchanges.

Other board members

Directors also on the board of ASX Limited:

Helen Lofthouse
Managing Director and CEO

Luke Randell
Independent Director

Dr Heather Smith PSM FAIIA
Independent Director

ASX Clear (Futures) is the clearing house for Australia’s derivatives and OTC markets.

ASX Clear (Futures):

has a ‘AA-’ long-term credit rating from Standard & Poors’
is regulated by Australia’s central bank (Reserve Bank of Australia) and securities regulator (Australian Securities and Investments Commission)
complies with the CPMI-IOSCO Principles for Financial Market Infrastructures and Australian Financial Stability Standards
is recognised as a ‘Qualifying CCP’ under the prudential standards applicable to Australian banks set by Australia’s banking regulator (Australian Prudential Regulation Authority).
ASX Clear (Futures) is authorised to clear transactions for certain customers located in a number of jurisdictions, including the EU and United States.

The Board of ASX Clear (Futures) is made up of a number of directors from ASX Limited and non-ASX Limited directors. The Chair is a non-ASX Limited director. The non-ASX Limited directors can form a quorum. The directors of ASX Clear (Futures) are listed below.