Lead Manager Deal vs Non-lead Deal
Lead Manager vs non-lead deals at a glance
|
Lead Manager Deal |
Non-lead Deal |
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|
Who advises deal terms to FinClear |
You |
You, using the terms from the Lead Manager |
|
ASX DVP application, code and ISIN |
FinClear submits and reserves |
Arranged by the Lead Manager's settlement agent |
|
Placement account |
Required, with a CHESS HIN |
Required for DVP settlement; no HIN needed |
|
Allotment from the share registry |
FinClear liaises with the registry |
Not applicable |
|
Payment to the company |
FinClear pays on settlement date |
Not applicable; settles via DVP with the Lead Manager |
|
Fees remitted to you |
Yes, if applicable |
Not applicable |