ASL is a Tier 1 participant in the BECS clearing stream and provides Tier 2 sponsorship to our Members. ASL is the largest non-bank clearer in direct entry. We provide an integrated solution with processing that meets or exceeds APCA’s requirements and industry standards. ASL has an enviable record of reliability having never had a failure to clear or process in direct entry.
ASL’s direct entry partner, First Data, handles all electronic file interchange with counterparty settlement conducted by ASL
Key features of ASL's Direct Entry solution are:
ASL specialises in providing a range of wholesale payments services to financial institutions. ASL provides high quality, value for money and efficient service to its Members. ASL has partnerships with best of breed service suppliers to ensure that it can bring to its member clients the best solutions possible to their financial payments needs.
ASL has operated for over 20 years supporting Australian Mutual organisations, was the first non-bank to hold an Exchange Settlement Account, and has an enviable performance record. ASL is an approved deposit taking institution and is supervised by the Australian Prudential Regulation Authority.
For further information on this, or any ASL product, please contact ASL.