| Dealing Telephone Contacts: | Settlements/Administration Telephone Contacts: | | Tony Davis +61 3 8660 7272 | Toby Duncan +61 2 8336 7374 | | Ian Simmonds +61 2 8336 7372 | |
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| Alternatively, you can complete the account opening process by downloading our Institutional Equity Account Opening Form and completing and returning the account opening to us. |
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| Account Opening Documentation |
Institutional Equity Account Opening Form
Institutional Client Disclosure Statement and Terms of Business |
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In keeping with regulatory requirements, new institutional clients will need to provide us with documentation on the authority of its officers to instruct us. Institutional accounts are reserved for those who verify they qualify as an "Institutional Client". Please provide the appropriate verification documents according to the categories below:
Professional Investor (or, with respect to financial products and services, is a wholly owned subsidiary of a professional investor). A person is a professional investor if they are one or more of the following: |
| a) | An Australian Financial Service Licensee; | | b) | a body regulated by APRA, other than a trustee of a complying superannuation fund; | | c) | a body registered under the Financial Corporations ACT 1974 (Commonwealth); | | d) | a trustee of a complying superannuation fund and that fund, trust or scheme has net assets of at least $10 million dollars; | | e) | they have or control at least $10 million including an amount held by an associate or under a trust that the person manages1; | | f) | a listed entity or related body corporate of a listed entity; | | g) | an exempt public authority; | | h) | a body corporate or unincorporated body, which invests in financial products, interests in land or other investments and invests funds received directly or indirectly following a public offering the terms of which provided for the funds to be invested in such a way; or | | i) | the person is a foreign entity that, if incorporated or registered in Australia, would be covered by one of the proceeding paragraphs. |
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| Please send with your application and data collection form a copy of the document which shows how one of these categories is satisfied, e.g.: |
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| copy of AFSL (full copy of authorisatins and conditions); or | | confirmation of ownership by a listed company; or | | recent financial statements fund, trust or scheme has net assets of at least $10 million dollars. |
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| Clients should provide their settlement agent/custodian the following information for the facilitation of trade settlement: |
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| Settlement Clearer | Berndale Securities Ltd | | Clearer BIC | BESEAU3MXXX | | Clearer PID | DVP vs PID 01113 | | Broker BIC | TREQAU21 | | OASYS ACRONYM | BERNAUS | | IRESS IOS Name | STONEBRIDGE | | Banking | Berndale Trust
National Australia Bank
BSB 083 004
ACC 5270 94576 |
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| We provide our institutional clients with electronic trade confirmation and order routing. |
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| 1 For offers of shares, options and debentures, paragraph (e) of the definition of professional investor" is excluded by way of section 708(11). Instead, the test is for a person who "has or controls gross assets of at least $10 million (including any assets held by an associate or under a trust that the person manages": section 708(11) (b). See also Corporation Regulation 7.6.02AE, which amends the definition of "professional investor" in Section 9, for the purposes of particular provisions in Chapter 7. |
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