The Australian Stock Exchange (ASX)settlement system for Australian equity trades is referred to as the Australian Securities and Investments Commission (ASIC).

Name: The Australian Stock Exchange (ASX)settlement system for Australian equity trades is referred to as the Australian Securities and Investments Commission (ASIC).
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The ASX settlement system is called CHESS (Clearing House Electronic Subregister System), not ASIC. ASIC is the regulatory body overseeing financial markets in Australia.

The Australian Stock Exchange (ASX)settlement System for Australian Equity Trades