Exchange Trading Options

Transcription

1 SCHEDULE DATED 26 MAY 2015 RELATING TO THE PRODUCT DISCLOSURE STATEMENT DATED 26 MAY 2015 FOR CONTRACTS FOR DIFFERENCE ISSUED BY HALIFAX NEW ZEALAND LIMITED HALIFAX NZ Schedule to Product Disclosure Statement 1

2 Contents Introduction... 3 ANNEXURE A: List of markets and exchanges... 4 ANNEXURE B: List of market indices... 5 ANNEXURE C: Default liquidation thresholds for trading platforms... 6 ANNEXURE D: Commision levels... 7 ANNEXURE E: Fee schedule in respect of financing charges HALIFAX NZ Schedule to Product Disclosure Statement

3 1. Introduction This is a Schedule to the product disclosure statement (PDS) dated 26 May 2015 for exchange traded option (ETO) contracts issued by Halifax New Zealand Limited (Halifax). It is incorporated by reference into the PDS and is subject to the terms of the Client Service Agreement. Capitalised terms used in this Schedule have the meaning given to them in the PDS. When we use the terms Halifax, we, our or us in this Schedule, the reference is to Halifax. When we use the term you we mean you as the applicant for, or holder of, the ETOs described in the PDS and this Schedule. When we refer to client we mean you, or another applicant for, or holder of, the ETOs described in the PDS and this Schedule. To the extent permitted by law, neither Halifax nor its affiliates accepts any responsibility for errors or misstatements, negligent or otherwise, nor for any direct, indirect, consequential or other loss arising from any use of this document and/or further communication in relation to it. HALIFAX NZ Schedule to Product Disclosure Statement 3

4 ANNEXURE A: LIST OF MARKETS AND EXCHANGES Exchange Australian Securities Exchange Athens Exchange NYSE Euronext Brussels Budapest Stock Exchange NASDAQ OMX Copenhagen Deutsche Borse (Frankfurt Floor) Deutsche Borse (XETRA) Hong Kong Exchange NASDAQ OMX Helsinki NYSE Euronext Lisbon London Stock Exchange Borsa Italiana/Milan Stock Exchange NASDAQ NASDAQ (Small Cap) New York Stock Exchange New York Stock Exchange (ARCA) Oslo Stock Exchange NYSE Euronext Paris Prague Stock Exchange Singapore Exchange BME Spanish Exchanges NASDAQ OMX Stockholm Toronto Stock Exchange TSX Venture Exchange Tokyo Stock Exchange Vienna Stock Exchange Warsaw Stock Exchange Website en.wienerborse.at 4 HALIFAX NZ Schedule to Product Disclosure Statement

5 ANNEXURE B: LIST OF MARKET INDICES Australia 200 Belgium 20 Denmark 20 Germany 30 Germany Mid-Cap 50 Germany Tech 30 Hong Kong Index UK 100 UK 250 Italy 40 Netherlands 25 US Tech 100 NAS Dow Jones US 30 Wall Street Norway 25 France 40 EU Stocks 50 Spain 35 Sweden 30 Switzerland 20 Japan 225 HALIFAX NZ Schedule to Product Disclosure Statement 5

6 ANNEXURE C: DEFAULT LIQUIDATION THRESHOLDS FOR TRADING PLATFORMS TRADING PLATFORM DEFAULT LIQUIDATION THRESHOLD Halifaxonline 150% Trader Workstation 100% Meta Trader 4 100% 6 HALIFAX NZ Schedule to Product Disclosure Statement

7 ANNEXURE D: COMMISION LEVELS Halifaxonline Option Commission (per lot) Minimum Commission (per lot) AUD AUD 8 AUD 6 AUD 55 CAD CAD 6 CAD 5 CAD 55 EUR EUR 6 EUR 5 EUR 55 GBP GBP 11 GBP 5 GBP 55 HKD HKD 55 HKD 30 HKD 500 JPY JPY 1050 JPY 750 JPY 5000 SEK SEK 75 SEK 10 SEK 350 USD USD 6 USD 5 USD 55 Trader Work Station Option Commission (per lot) Minimum Commission (per lot) AUD AUD 9 AUD 6 AUD 55 CAD CAD 8 CAD 5 CAD 55 CHF CHF 8 CHF 5 CHF 60 EUR EUR 6 EUR 3 EUR 55 GBP GBP 5 GBP 3 GBP 55 HKD HKD 100 HKD 50 HKD 500 JPY JPY 1000 JPY 750 JPY 5000 KRW KRW 4500 KRW 2500 KRW 7500 SGD SGD 8 SGD 6 SGD 60 USD USD 5 USD 2 USD 25 Maximum Commission (per lot) Maximum Commission (per lot) HALIFAX NZ Schedule to Product Disclosure Statement 7

8 ANNEXURE E: FEE SCHEDULE IN RESPECT OF FINANCING CHARGES Platform Interest Conversion Cost Halifaxonline Trader Work Station Unless otherwise negotiated with Halifax, there is no interest applied on a Trading Account with positive Net Free Equity. If a Trading Account has negative Net Free Equity, Halifax will charge interest on the Trading Account at the daily underlying LIBOR ask rate plus 7.00% of the Trading Account Currency (for example, if your Trading Account is held NZD, and the NZD LIBOR is 4.00% per annum, you will be charged interest at a rate of 11.00% per annum). This example is provided for illustrative purposes only. Interest is accrued on a daily basis and applied monthly to your Trading Account on the first business day of the following month. No interest is paid or received if you open and Close Out a position on the same day. Unless otherwise negotiated with Halifax, there is no interest applied on Trading Account with positive Net Free Equity. Interactive Brokers allows multiple currencies to be held at any one time and if a particular currency contains a negative Net Free Equity, Halifax will charge interest on that account at the relevant interest rate supplied through Interactive Brokers (shown at php?f=interest&p=schedule2) plus 1.00% of the underlying base currency dependent on the balance tier (for example, if your Trading Account held NZD 50,000, and the benchmark interest rate is 4.00% per annum, you will be charged interest at a rate of 5.00% per annum). This example is provided for illustrative purposes only. Interest is accrued on a daily basis and applied to your Trading Account monthly on the third business day of the following month. Trading in a product denominated in a currency other than your Trading Account Currency will incur a FX conversion. The conversion rate used to convert a product denominated in a currency other than your Trading Account Currency is the rate of the specific currency at the time of the trade plus or minus 75 pips as offered by Saxo to us in respect of the Hedge Transaction. This will be applied on a per Transaction basis. For example, if your Trading Account Currency is NZD, and you are trading a USD denominated product, then the rate used to convert into USD would be the relevant Saxo NZD/USD rate as at the time of the trade plus or minus 75 pips. This example is provided for illustrative purposes only. The rate of the conversion can be found in the section Trades Executed under the Reports section of your Halifaxonline account. Trading in a product denominated in a currency other than your Trading Account Currency will incur an FX conversion. The conversion rate used to convert a product denominated in a currency other than your Trading Account Currency is the rate of the specific currency at the time of the trade, or at a time specified by the client or Halifax with the client s permission. For example, if your Trading Account Currency is NZD, and you are trading a USD denominated product, then the rate used to convert into USD (assuming you have no USD in your Trading Account) would be the NZD/USD rate as offered by Interactive Brokers to us in respect of the Hedge Transaction at the time of the trade if the trade was to open a position. This example is provided for illustrative purposes only. If the trade was to Close Out the position, or if your Trading Account has a currency other than the Trading Account Currency, the time to convert those amounts may be at the discretion of the client, or at the discretion of Halifax with the permission of the client. 8 HALIFAX NZ Schedule to Product Disclosure Statement