TABLE OF CONTENTS. 1 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

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2 TABLE OF CONTENTS 1.ImportantInformation...4 NotesandDisclaimer...4 HowtoContactUs...4 ElectronicVersionofthePDS...4 UpdatedInformation...4 TreatmentofOverseasApplicants...4 RestrictionsontheDistributionofDocumentation...4 Applications...4 ProductsCoveredinthisPDS...5 CallRecordings TermsandConditions Advice SummaryTable KeyFeaturesofCoreLiquidity scfds...8 ContractsforDifference...8 TypesofCFDsIssuedbyUs...8 CalculatingProfitandLoss...8 Leveraging BenefitsOfTradingCoreLiquidity scfds RisksofTradingCFDs...9 DerivativesRisk...9 Leverage...10 CoreLiquidity srisk/counterpartyrisk...10 MarketVolatility...10 ForeignExchangeRisk...11 UsingThirdPartyPlugRIns...11 Client smoney...11 Margins...12 StopOrdersandLimitOrdersarenotGuaranteed...12 Interest,RolloverChangesandRolloverCredits...13 Gapping...13 YoumaynotbeAbletoManageRisk...13 OperationalRisks...13 ConsequencesofYourDefault...13 OurRighttoExerciseCertainDiscretions Product Disclosure Statement Contracts for Difference Core Liquidity Markets

3 InformationWeMakeAvailable...14 ExecutionRisk...14 ElectronicTradingPlatformRisk...14 RegulatoryRisk...14 NoCoolingOff...14 SuperannuationFunds CFDsExamples...15 LongPosition SPI200Contract...15 ShortPosition SPI200Contract...15 LongPosition CLROilContract...15 ShortPosition CLROilContract ASICRegulatoryGuide227DisclosureBenchmarks OpeninganAccount TheCFDAccount...20 WhatisCFDAccount?...20 HowaretheFundsYouDepositwithUsHeld?...21 HowdoYouGetFundsInandOutofYourCFDAccount?...21 DoYouGetInterestonYourCFDAccountBalance? OperatinganAccount...22 HowdoYouOpenaCFDPosition?...22 TypesofOrders...22 AcceptanceofOrders...22 HowdoYouCloseOutaCFDPosition?...22 WhatHappensontheValueDateofaCFD?...23 CoreLiquidity straderplatforms MarginRequirements...23 WhatisMargin?...23 InitialMargin...23 VariationMargin...23 YouareResponsibleforSatisfyingtheMarginRequirements FeesandOtherCosts...24 MarkRtoRMarketPaymentsthatRepresenttheUnrealisedProfitonanOpenCFDPosition...24 Spreads...24 DefaultInterest...25 RolloverCreditandRolloverChargeForCFDs...25 CurrencyConversionCalculationFee...25 Margin...26 VariationofFeesandCosts Product Disclosure Statement Contracts for Difference Core Liquidity Markets

4 InterestonAccountBalances...26 InternationalTransferFees...26 OtherFeesandCosts Taxation...26 TaxationAdvice DisclosureofInterest PrivacyPolicy DisputeResolution...28 FinancialOmbudsmanService(FOS) AntiUMoneyLaunderingandCounterUTerrorismFinancing ClientAgreement...29 Glossary Product Disclosure Statement Contracts for Difference Core Liquidity Markets

5 1. Important Information NOTES AND DISCLAIMER TermsusedinthisDocumenthavedefinedmeaningsandyou shouldreferto Glossary inthelastsectionofthisdocument. Core Liquidity Markets Pty Ltd ACN ( Core Liquidity Markets, Core Liquidity, we or us ) is a Corporate(Authorised(RepresentativeofGOMarketsPtyLtd (AFSL ABN ).WhentradingwithCore Liquidity, you are dealing with GO Markets Pty Ltd as principal.anytransactionscarriedoutonthecoreliquidity s trading portal or by any other means are received and processedbygomarketsptyltd. This Product( Disclosure( Statement ( PDS ) is dated 14 th of Marchof2014andwaspreparedbyGOMarketsPtyLtd.Its purpose is to help you decide whether Contracts( for( Difference ( CFDs ) are appropriate for your financial objectives,situationandneeds.ithasnotbeenpreparedto take into consideration your current financial needs or objectives.thispdsdoesnotconstitutearecommendation, adviceoropinion.itisgeneralinformationonly. CFDproductsareconsideredspeculativeproductswhichare highlyleveragedandcarrysignificantlygreaterrisksthannonu gearedinvestments,suchasshares.youshouldnotinvestin CFDproductsunlessyouproperlyunderstandthenatureof CFDproducts,andarecomfortablewiththeattendantrisks. You should obtain financial, legal, taxation and other professionaladvicepriortoenteringintoacfdtransactionto ensure this is appropriate for your objectives, needs and circumstances. CoreLiquidityalsorecommendsthatyouseekindependent advice to ensure this is appropriate for your particular financialobjectives,needsandcircumstances. Noaspectofthisproducthasbeenendorsedorapprovedby the Australian( Securities( and( Investments( Commission ( ASIC )oranypartyormarketreferredtointhispds.this PDShasnotbeenlodgedwithASICandisnotrequiredbythe Corporations*ActtobelodgedwithASIC. Nothing in this PDS should be considered as a recommendationtotradeincfdsortradeinanyparticular productinanyway. Core Liquidity does not guarantee the investment performance of CFD products nor the investment performanceoftheunderlyingmarketsorinstruments.past performance is no indication or guarantee of future performance. Use of examples in this PDS are provided for illustrative purposesonlyanddonotnecessarilyreflectouractionsor determinationsoraninvestor spersonalcircumstances. HOW TO CONTACT US Name: CoreLiquidityMarketsPtyLtd ACN: Address: Level50 120CollinsStreet Melbourne VIC3000 Phone(AUS): Phone(UK): EUmail: support@clmforex.com Website: ELECTRONIC VERSION OF THE PDS This PDS documentation is available on the internet at in electronic format. Any person receiving this documentation electronically who requests a paper copy will be sent documentation to include account openingformsfromcoreliquidity. UPDATED INFORMATION All clients shall be bound by the contents of this PDS. InformationwhichisnotmateriallyadversetoInvestorsmay besubjecttochangefromtimetotimeandwillbeupdated on Core Liquidity s website at If you require a paper copy of any updated information, please contact Core Liquidity. Core Liquidity may issue a supplementary or replacement PDS as a result of certain changes,whichshallbeavailableonourwebsiteorshallbe distributedinelectronicformasrequired. TREATMENT OF OVERSEAS APPLICANTS The offer to which this PDS relates is available to persons receiving the PDS (electronically or otherwise) in Australia, whoareaustralianresidentsandwhoprovideanaustralian addressforservicewhenmakingtheirapplication. ApplicationformswhichdonotspecifyanAustralianaddress for service (or which are accompanied by payment drawn fromaforeignbankaccount)mayberejectedandreturned. Applicants residing in countries outside Australia should consult their professional advisers as to whether any Governmentalorotherconsentsarerequired,orwhetherany otherformalitiesneedtobeobservedtoenablethemtoopen anaccount.failuretocomplywiththeapplicablerestrictions mayconstituteaviolationofsecuritieslaws. RESTRICTIONS ON THE DISTRIBUTION OF DOCUMENTATION DistributionofthisPDSoutsideAustraliamayberestrictedby law.thispdsisnotintendedto,anddoesnotconstitutean offer of securities or recommendation to trade in CFD productsatanyplacewhich,ortoanypersontowhom,the makingofsuchofferwouldnotbelawfulunderthelawsof thatjurisdiction. APPLICATIONS IfyouwishtoapplyforaCFDaccountinpaperform,youmust complete and return the Core Liquidity application form 4 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

6 agreeingtobeboundbythecontentsofthispds,theclient Agreement, the Terms and Conditions and the FSG. If an electronic CFD application is completed, you will need to electronicallyagreethatyouhavereadandunderstoodthe ClientAgreement,theTermsandConditions,theFSGandthis PDS.WhenapplyingforaCFDaccount,youagreetobebound bythecontentswithinthispds. PRODUCTS COVERED IN THIS PDS ThisisaPDSforderivativesandCFDproductsprovidedby CoreLiquidity.Theseareover=the=counter( OTC )contracts. ACFDisanagreementbywhichyoucanmakeaprofitorloss fromchangesinthemarketpriceoftheunderlyingproduct of a CFD without actually owning that financial product or havinganyindirectinterestinthefinancialproduct.because thevalueofthecfdis(inpart)derivedfromthevalueofthe UnderlyingProduct,aCFDisaderivativeproduct. CoreLiquidity sproductsdonotresultinthephysicaldelivery oftheunderlying,includingsomeproductswhicharedeemed tobecommoditycontracts.allofthecfdproductsarecash adjustedorclosedoutbytheclienti.e.thereisnotaphysical exchangeofoneproductforanother. CALL RECORDINGS Pleasenotethatyourcallmayberecordedfortrainingand monitoring purposes. Any advice provided to you by our representativeisgeneraladviceonly,anddoesnottakeinto accountyourobjectives,financialsituationorneeds. 2. Terms and Conditions InformationprovidedtoyouinourFinancial(Services(Guide ( FSG ) and this PDS is important and is binding on you. Additionallegaltermsgoverningourrelationshiparedetailed intheclient(agreement.ifyouareapplyingonlineyoumust complete the application in its entirety and then electronically submit the application to Core Liquidity for processing.ifyoucompleteahardcopyapplicationyoumust completetheapplicationinitsentirety,signandreturnthe applicationformviaeumail,faxorbypost,andthenhaveyour AccountapprovedbyCoreLiquidity. PleasenotethatCoreLiquidityreservestherighttorefuseto openacfdaccountforanyperson. CoreLiquiditydoesnotguaranteetheperformance,returnof capitalfrom,oranyparticularrateofreturn,ofacfdproduct or transaction. Clients may lose more than the amount of fundsintheircfdaccount,andshouldonlyinvestriskcapital (thatis,capitalyoucanaffordtolose).pleasenotethatthe historical financial performance of any CFD or underlying instrument/market is no guarantee or indicator of future performance. PleasenotethattheexamplesprovidedinthisPDSareonly providedforillustrativepurposesonlyanddonotnecessarily reflectcurrentorfuturemarketorproductmovements,the valuesthatcoreliquiditywillapplytoatrade,norhowsuch tradesimpactyourpersonalcircumstances.thefiguresused in the examples do not necessarily reflect your personal circumstancesanddonotrestrictinanymannerthewayin whichcoreliquiditymayexerciseitspowersordiscretions. Those examples do not constitute general or personal financialproductadvicetoanypersonreadingthispds. Core Liquidity accepts CFD transaction order instructions primarily via the electronic trading platform and will also acceptorderinstructionsviatelephone. Youarerequiredtoaccesstheelectronictradingplatformon adailybasistoconfirmthatanyorderinstructionshaveinfact beenreceivedbyus,reuconfirmallordersthatyouplacewith us, review order confirmations we provide, to ensure their accuracy and monitor your Margin obligations. Any order discrepanciesidentifiedmustbereportedtousimmediately. CoreLiquiditywillprovideallclients,viatheelectronictrading platform or the website, with access to both daily and historical account statements allowing you to check your openpositions,marginrequirementsandcashbalances,and tradingconfirmations.shouldyouhaveanyqueriesrelating toyourstatementsweencourageyoutocontactus. 3. Advice CoreLiquidityisauthorisedtobuyandsellCFDsandtogive adviceinrelationthereto. WeonlyprovideyouwithGENERALADVICE,whichdoes nottakeintoaccountyourparticularneeds,objectivesand circumstances. No personal advice will be provided to any clientunderanycircumstances. This PDS does not take into account your investment objectives,financialsituationorneeds.accordingly,nothing inthispdsshouldbeconstruedasarecommendationbyus oranyotherpersontoinvestincfds,acurrencyoranyother financialproduct.youareresponsiblefortheselectionofthe CFDyoutransactwithus.Wemakenorepresentationabout theperformanceofanycfd.theperformanceofthecfdwill dependontheinvestmentdecisionsmadebyyou. 4. Summary Table On the next page, you will find the summary of the key featuresandcharacteristicsinvolvedindealinginourcfds. Inadditiontothissummary,youshouldensureyouhaveread andunderstoodthecontentofthispds,theclientagreement andourfsg. 5 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

7 ISSUE WhoistheissuerofthisPDSand thecfds? Whatfinancialproductsdo weprovide? WhatisaCFD? WhatisaPosition? ACFDisissued overutheucounter. Whatdoesthismean? Whatchargesarepayablewhen dealingincfds? HowdoIopenanAccount? Whatistheminimumbalanceto openanaccount? HowdoyoudealinCFDswithus? SUMMARY CoreLiquidityisaCorporate(Authorised(RepresentativeofGOMarketsPtyLtd.ThisPDS wasissuedandpreparedbygomarketsptyltd.coreliquidityistheproviderofthecfds, however,whentradingwithcoreliquidity,youaredealingwithgomarketsptyltdas principal.anytransactionscarriedoutonthecoreliquidity stradingportalorbyanyother meansarereceivedandprocessedbygomarketsptyltd. CFDs. AContractforDifferenceorCFDisanagreementwhichallowsyoutomakeaprofitorloss fromfluctuationsinthepriceofthecfd.thepriceofthecfdisbasedonthepriceofan underlyinginstrument( UnderlyingInstrument );forexample,ashareonanexchange. However,youdonotownthatUnderlyingInstrumentortradeitonanexchangebyowning acfd.byenteringintoacfd,youareeitherentitledtobepaidanamountofmoney,or requiredtopayanamountofmoney,dependingonmovementsinthepriceofthecfd. TheamountofanyprofitorlossmadeonaCFDwillbethenetof: thedifferencebetweenthepriceofthecfdwhenthecfdpositionisopenedandthe priceofthecfdwhenthecfdpositionisclosed; anyadjustmentsmadeinrespectofthecfd;and any Rollover Charges, Rollover Benefits, Financing Charges and Financing Benefits relatingtothecfd. ThebalanceinyourAccountwillalsobeaffectedbyotheramountsyoumustpaytousin respectofyouraccountsuchasexchangefeesandinterestondebitbalances. APositionisaCFDenteredintobyyouundertheClientAgreement. OverRtheRCounter( OTC )meansthatyoudonottradeincfdsthroughanexchangeor market;rather,itisatransactionbetweenyouandus.thismeansyoucanonlyenterinto contractsinrelationtoourproductswithus.youdonothavetheprotectionsnormally associatedwithtradingonaregulatedmarket.itisnotpossibletocloseacfdbygiving instructionstoanotherprovider,brokeroraustralianfinancialserviceslicensee. ThecommonfeesandchargeswhendealinginCFDsmayincorporateanyorallofthe following: MarktoMarketPayments; Spreads; DefaultInterests; RolloverChargescalculatedatGO srolloverrates; CurrencyConversionCalculationFees; MarginAdjustmentsandFinancingCharges; VariationofFeesandCosts; Interestonaccountbalances; InternationalTransferFees(DepositandWithdrawals);and OtherFeesandCosts. Inaddition,wewillapplyabid/offerspreadinrespectofourCFDs,whichwillalsoaffect theprofitsorlossesyoumakewhendealingincfds. ReadthisPDS,theClientAgreementandourFSG,andthencompleteanApplicationForm. Youmayobtainthesedocumentsby: telephoninguson ,or goingtoourwebsiteatwww.clmforex.com. TheminimumbalancetoopenanAccountisAUD$500(orequivalent).Unlessotherwise specified,alldollaramountsreferredtointhispdsaredenominatedinaustraliandollars. YoumayplaceorderstodealinCFDsintwoways: Phone: OurTradingPlatformthroughacomputerconnectedtotheinternetoryourmobile telephone. 6 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

8 Whatare long and short positions? HowdoIcloseUoutaposition? Howdowedealwithyourmoney? Whatismy TotalEquity? Whatismy FreeEquity? Whatis Margin? Whatisa MarginCall byus? Howarepaymentsmadeinandout ofmyaccount? DoIreceiveinterestonmoneys heldinmyaccountorpayinterest onmoneysiowetoyou? DoIpayany Financing or Rollover Charges? DoIreceiveanyFinancingor RolloverBenefits? Whatarethekeybenefits? WhataretherisksofCFDs? Whatproceduresareinplaceto dealwithyourcomplaints? Yougo long whenyoubuyacfdorplaceanordertoopenapositionintheexpectation thatthepriceoftheunderlyinginstrumentwillincrease,whichwouldhavetheeffectthat theposition spricewillincrease. Yougo short whenyousellacfdorplaceanordertoopenapositionintheexpectation thatthepriceoftheunderlyinginstrumentwilldecline,whichwouldhavetheeffectthat thepositionpricewilldecline.ifthisoccurs,becauseyouhavesoldacfd(ratherthan boughtacfd),youwouldmakeaprofitifyouclosedthepositionatthispoint,subjectto ourfeesandcharges. YoucloseaPositioninaCFDbyyoutakinganequalandoppositePositionwithuseither bysinglepositionclosingoroppositepositionclosing. Moneywhichyoudepositwithuswillberegulatedinaccordancewiththerequirements ofthecorporations*act. Your TotalEquity istheaggregateof: thecurrentcashbalanceinyouraccount;and yourcurrentunrealisedprofitsandlosses. Your FreeEquity isyourtotalequitylessyourcurrenttotalmarginrequirement. TheFreeEquityistheamountthatyoumaywithdrawfromyourAccountorusetocover additionalmarginrequirements. Margin isinitiallytheamountthatyoumusthaveinyouraccounttoenterintoacfd withus. ThelevelofMarginrequiredtoopenandmaintainthesecontractsiscalledthe Initial MarginRequirement. ThesumofyourMarginRequirementsforallofyouropenPositionsiscalledthe Total MarginRequirement. MarginRequirementswillfluctuatewiththevalueoftheUnderlyingInstrumentonwhich the contract is based. Further, where you deal in a contract that is denominated in a currencyotherthanthebasecurrencyofyouraccount,yourmarginrequirementmay alsobeaffectedbyfluctuationsintherelevantforeignexchangerate. A MarginCall isademandforadditionalfundstobedepositedintoyouraccounttomeet your Total Margin Requirement because of adverse price movements on your open Positions. Youmaydepositfundsbycreditcard,electronictransfer,BUPay orbycheque.allfunds mustbeclearedfundsinyouraccountbeforetheyaretreatedassatisfyingamargincall orcanbemadeavailableforyoutouseindealingincfds.paymentsusingbupay arenot ClearedFundsinyourAccountatthetimeofuseofBUPay.Generally,clearedfundsare received in your Account 24 hours after the use of BUPay. We will pay you through electronictransferorcheque. CoreLiquiditydoesnotpayinterestoncreditbalancesonyourAccount.However,wewill chargeinterestonanydefaultinterestonyouraccount.anyamountsofinterestpayable touswillbedeductedfromanyamountspayabletoyou. YoumayberequiredtopayaFinancingorRolloverChargeonlongPositionsthatremain openovernight.however,youshouldnotethatonoccasionswhenyouhavelongpositions incfdsandbullioncfdsyoumayinfactreceiverolloverbenefits. YoumayreceiveaFinancingBenefitorRolloverBenefitonshortPositionsthatremainopen overnight.however,youshouldnotethatonoccasionswhenyouhaveshortpositionsin BullionCFDsyoumayinfactpayRolloverCharges. SomeofthekeybenefitsforeachtypeofCFDsofferedbyusinthisPDSaresetoutin Section6. CFDsarederivativeproductsthatarespeculative,highlyleveraged,andcarrysignificantly greaterriskthannonugearedinvestmentssuchasshares.youmayincurlossestotheextent ofyourtotalexposuretousandanyadditionalfeesandchargesthatapply.theselosses may be far greater than the money that you have deposited into your Account or are required to deposit to satisfy Margin Requirements. You should obtain your own independentfinancial,legal,taxationandotherprofessionaladviceastowhethercfdsare anappropriateinvestmentforyou.moreinformationabouttherisksoftradingcfdsisset outinsection7. ApreliminaryinvestigationofanydisputeswillbeconductedbyusandreferredtoGO MarketsPtyLtdshouldthedisputeremainunresolvedwithin3days. 7 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

9 Whatarethetaxationimplications ofenteringintocfds? Whatareyourtradingandoffice hours? WhatifIneedfurtherinformation? Whatadditionalfeesandcharges arepayableinrespectofcfds? GOMarketsPtyLtdhasaninternaldisputeresolutionprocessinplaceforCoreLiquidity s clients and it is a member of the Financial( Ombudsman( Scheme ( FOS ), an external complaintsresolutionbody. IfyouwishtomakeacomplaintpleaseseeSection18. ThetaxationconsequencesofCFDtransactionsdependonyourpersonalcircumstances. SomegeneraltaxationconsequencesaresetoutinSection15.Thetaxationconsequences canbecomplexandwilldifferforeachindividual sfinancialcircumstances. Werecommendthatyouobtainindependenttaxationandaccountingadviceinrelationto theimpactofcfdtransactionsandproductsonyourparticularfinancialsituation. Core(Liquidity s(trading(hours(( TradinghoursforCFDswilldependontherelevantUnderlyingInstrumentMarket shours ofoperation,andaresetoutonourwebsite. Core(Liquidity s(office(hours( OurofficehoursarefromMondaytoFriday,7:00amto7:00pm,subjecttopublicholidays. Youshouldspeaktoyourfinancialadvisor,or,alternatively,youcancontactusby: Phone: support@clmforex.com Website: Whilst we endeavour to include all fees and charges in the spread quoted, in some circumstancesyoumayincurfeesandchargeswhicharesetoutinthispds.seesection Key Features of Core Liquidity s CFDs CONTRACTS FOR DIFFERENCE AContract(for(Difference( CFD )isaproductthatallowsyou to trade on the upward or downward price movements of financialmarketsaroundtheworldwithoutbuyingorselling theunderlyingassetdirectly. CFDsprovidetheopportunitytomakeprofits(orlosses)from awiderangeofmarketsincludingindicesandcommodities. CFDsareaflexiblealternativetotraditionaltrading. Forexample,anexchangetradedfuture.However,youdonot ownthatunderlyinginstrumentortradeitonanexchangeby owningacfd. ByenteringintoaCFD,youareeitherentitledtobepaidan amountofmoney,orrequiredtopayanamountofmoney, dependingonmovementsinthepriceofthecfd. TheamountofanyprofitorlossmadeonaCFDwillbethe netof: thedifferencebetweenthepriceofthecfdwhenthecfd positionisopened; thepriceofthecfdwhenthecfdpositionisclosed; any Rollover Charges, Rollover Benefits, Financing ChargesandFinancingBenefitsrelatingtotheCFD. ThebalanceofyourAccountcanalsobeaffectedbyother amountsyoumayberequiredtopaytousinrespectofyour Account such as exchange fees and/or interest on Debit balances. TheCFDisacontractbetweenyouandCoreLiquidity,which meansbothpartiesactasprincipalstothetransactionand haveadirectcreditexposuretoeachother.youdonottrade through an Exchange and are not afforded the protections normallyassociatedwithexchangeutradedderivatives,such asguaranteearrangements. TYPES OF CFDs ISSUED BY US InthisPDS,weofferCFDsbasedonthefollowingUnderlying Instruments: goldandsilver(bullioncfds); commodities(commoditycfds);and equityindexfuturescontracts(indexfuturescfds) CALCULATING PROFIT AND LOSS The profit or loss from a CFD transaction is calculated by referencetothedifferenceinthepricesoftheopeningand closingpositions. LEVERAGING With a CFD Contract, you are only required to provide a margin in order to secure an exposure to the underlying subjectofthecfdcontract.youarenotrequiredtoprovide theamountofthecontractvaluetowhichthecfdsrelates. Leveraginghastheeffectofmagnifyinganyprofitsbutalso magnifiesanylossesandconsequentlycarriesgreatriskasset outinsection7. 6. Benefits of Trading Core Liquidity s CFDs CFDs(offer(the(following(benefits:( 1. Hedging YoucanuseCFDstocounteracttheriskofaninvestment movingagainstyou.forexample,ifyouownaparticular shareandanticipateitspricefallingratherthansellingthe shareyoumayelecttoopenashortcfdpositionover thatshare.ifthepriceofthesharedoesfall,anylosses incurredfromownershipofthesharewillbepartiallyor whollyoffsetbytheprofitmadeonthecfdposition. 8 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

10 2. Leverage CFDs enable you to obtain full exposure to a share, currency or commodity for a fraction of the price of buyingtheunderlyingfinancialinstrumentitself.thisis becausecfdsrequireyoutooutlayonlyarelativelysmall Initial Margin as a trading deposit. However, it is important to note that as well as working for you, this leverage may work against you. The risk of loss from trading in derivatives and leveraged products can be substantial,andyoushouldcarefullyconsidertheserisks in light of your specific financial objectives, needs and circumstances. 3. MarketPositionsandStrategies You can use CFD trading strategies to profit from both risingandfallingmarkets.however,giventheuncertainty of market movements, there is no guarantee that the employmentofcfdtradingstrategieswillleadtoprofits and from time to time the employment of trading strategiesmayleadtolosses.itisalsoimportanttonote that some trading strategies are more complex than others and may have different levels of risk associated withthem. 4. Speculation You may use CFDs to speculate on the price of the UnderlyingFinancialInstrument,forexampleacurrency orcommodity,withaviewtoprofitingfromfluctuations initspricewithouttheneedtobuyorselltheunderlying FinancialInstrumentitself. 5. TradeinSmallAmounts The Core Liquidity s system enables you to make transactionsinsmallamounts.youcanstartusingcore LiquidityevenwithanopeningbalanceaslittleasAUD $50. WhentradinginaCFDofferedbyCoreLiquidity,youmay depositthesumthatsuitsyou,ortheamountwhichisin linewiththeamountyouarewillingtorisk. WithCoreLiquidity,youareinfullcontrolofyourfunds. CoreLiquidityallowstradingwithaslittleas$10margin requirements. 6. ProfitPotentialinFallingMarkets Sincethemarketisconstantlymoving,therearealways trading opportunities, whether a currency is strengthening or weakening in relation to another currency.whenyoutradecurrencies,theyliterallywork againsteachother.ifyouthinkonecurrencywillweaken relativetoanother,youwouldsellitandthenlater,ifyour viewhasprovedcorrect,buyitbackatalowerpriceand takeyourprofits. 7. RealRTimeStreamingQuotesandTradablePrices The Core Liquidity s execution system uses the latest highlysophisticatedtechnologiesinordertoofferyouupu toutheminutequotes.youmaycheckyouraccountsand positionsinrealtimeonanyglobalmarketwhichisopen for trading and make a trade based on realutime information. Subject to satisfying the execution limits, all orders are automatically accepted without intervention from Core Liquidity. System availability is subject to periodic scheduledmaintenanceandunscheduledoutages. The execution limits are set out on our website ( or are available by calling us. The executionlimitsaresubjecttochangeatanytime. 7. Risks of Trading CFDs ThissectiondoesnotdetailALLrisksapplicabletoCFDsbut ratherseekstohighlightthekeysignificantrisksinvolvedin tradingcfds. Trading CFDs carries a high level of risk and returns are volatile. Core Liquidity recommends that you obtain independent professional advice and carefully consider whether CFDs are appropriate for you in light of your knowledge, experience and financial needs and circumstances.tradingcfdsshouldnotbeundertakenunless youunderstandandarecomfortablewiththerisksofgeared investments. DERIVATIVES RISK Theriskoflossintradingderivativescanbesubstantial.You shouldthereforecarefullyconsiderwhethersuchtradingis suitableforyouinlightofyourfinancialcondition. Inconsideringwhethertotradeyoushouldbeawareofthe following: You could sustain a total loss greater than the amount that you deposit with Core Liquidity to establish or maintainacontract. Ifthederivativesmarketmovesagainstyourposition,you mayberequiredtoimmediatelydepositadditionalfunds asadditionalmargininordertomaintainyourposition, i.e.to TopUp youraccount.thoseadditionalfundsmay be substantial. If you fail to provide those additional funds, Core Liquidity may Close Out your Open Positions.Youwillalsobeliableforanyshortfallresulting fromthatclosure. Undercertainmarketconditions,itcouldbecomedifficult orimpossibleforyoutomanagetheriskofopenpositions byenteringintooppositepositionsinanothercontractor CloseOutexistingpositions. Undercertainmarketconditions,thepricesofcontracts may not maintain their usual relationship with the underlyingforeigncurrencymarket. TheCFDsofferedbyCoreLiquidityinvolverisk.However, theplacingof ContingentOrders suchasa(stop=loss( Orderwillpotentiallylimityourloss.AStop=Loss(Order willbeexecutedatorneartheexchangeraterequested by the client but is not guaranteed at the exact level. Accordingly,Stop=Loss(Ordersmaynotlimityourlossesto theexactamountsspecified.acontractofthisnaturewill beexecutedassoonastheexchangerateisidenticalto theordergivenbyyou.stop=loss(ordersareofferedat thediscretionofcoreliquidityandcoreliquiditymakes no guarantee that these orders will be available at all timesoratallpricelevels. 9 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

11 LEVERAGE A high degree of leverage is obtainable in trading CFDs because of the small margin requirements which can work againstyouaswellasforyou.theuseofleveragecanleadto largelossesaswellaslargegains.theimpactofleverageis that even a slight fluctuation in the market could mean substantialgainswhenthesefluctuationsareinyourfavour, but that could also mean considerable losses if the fluctuationsaretoyourdetriment. Core Liquidity s RISK/COUNTERPARTY RISK AsCoreLiquidityistheCorporate(Authorised(Representative ofgomarketsptyltd,themarketmakerortheissuerofthe CFDproductsdescribedinthisPDS,GOMarketsPtyLtdisthe counterpartytoeverycontract. YouwillhaveanexposuretoGOMarketsPtyLtdinrelation to each contract as is common to all OTC financial market products. You are therefore exposed to the financial and businessrisks,includingcreditrisk,associatedindealingwith GOMarketsPtyLtdandreliantonGOMarkets abilitytomeet its counterparty obligations to you to settle the relevant contract. Ourabilitytofulfilourobligationsislinkedtoourfinancial wellbeing, which is commonly referred to as credit or counterparty risk. You must make your own assessment of ourabilitytomeetourobligations.neithercoreliquiditynor GO Markets Pty Ltd has been rated by an external credit ratingagency.ifweweretobecomeinsolvent,wemaybe unabletomeetourobligationstoyou.coreliquidityorgo Markets Pty Ltd may become unable to operate its CFD marketasaresultofaregulatoryimpediment(forexample GOMarketsPtyLtdceasingtoholdanAustralian(Financial( Services( Licence ( AFSL ) or because ASIC imposes a stop orderonthepdsissuedbygomarketsptyltd). GOMarketsPtyLtdentersintoarrangementswiththirdparty execution and clearing providers for the facilitation of transactionsandsettlements,andavailsmoniesreceivedfor Margin Calls and settlements to such providers for this purpose. Accordingly, clients are indirectly exposed to the financial risks of our counterparties and organisations with whichgomarketsptyltdholdsclientfunds.ifthefinancial conditionofcoreliquidityorgomarketsptyltd,orassetsof ourcounterpartiesorthepartieswithwhichweholdclient assetsdeteriorate,thenclientscouldsufferlossbecausethe return of the client capital could become difficult. In other words,intheeventthereisadeficitintheclientmoney(trust) accountandcoreliquidityorgomarketsptyltdbecomes insolventorisotherwiseunabletopaythedeficiency,there isariskthatyoumaynotreceiveallthemoneyheldbygo MarketsPtyLtdonyourbehalfinthataccount. You are reliant on GO Markets ability to meet its counterparty obligations to you to settle the relevant contract. GO Markets Pty Ltd may choose to limit this exposurebyenteringintooppositetransactionsasprincipal in the wholesale market in relation to its exposures with clients.inaddition,gomarketsptyltdmustcomplywiththe financialrequirementsimposedunderitsafslicence.ifgo Markets Pty Ltd defaults on its obligations, investors may become unsecured creditors in an administration or liquidation and will not have recourse to any underlying assetsintheeventofgomarkets insolvency. Please contact us in writing at the address/ provided herein,shouldyouwishtoobtainafreeuofuchargecopyofgo Markets Pty Ltd or Core Liquidity s latest audited financial statementswhichmayassistinyourassessmentofcreditrisk. ASIC Benchmark Counterparty Risk GOMarketshaveaCounterpartyRiskpolicywhichincludes carefullyselectinghedgingcounterparties. Beforeengagingadditionalliquidityprovidercounterparties, GOMarketswillconductduediligence.Prospective counterpartiesaresubjecttoareviewwhichaddressesall pertinentfactorssuchas: (a)legalpowerofcounterpartytoenterintothecontract; (b)sufficientorenforceablelegaldocumentation; (c)compliancewithregulatoryrequirements; (d)managementandsecurityofdocuments. Onefactorinselectingthemiswhetherthehedging counterpartyisofsufficientfinancialstanding. CriteriatakenintoaccountbyGOMarketswhen determiningfinancialstandingareasfollows: a)whetherthecounterpartyisappropriatelylicensedand regulatedbyanindependentbodyintherelevant jurisdiction; (b)whetherthecounterpartyhasstrongfinancialand compliance(includingriskmanagement)resources; (c)whetherthecounterpartyhavebeenindependently ratedbyaratingshouse(e.g.standard&poor s);and (d)whetherthecounterpartyhaveaproventrackrecordin relationtootcproducts. Thecounterpartymustmeetatleast3outof4ofthecriteria andallotherduediligenceprocessesmusthavebeen undertaken. GOMarketscounterpartyduediligenceprocessesinclude: ThedueUdiligenceprocesstothe knowyour customer obligationsundertheantiumoneylaunderingand CounterUTerrorismFinancingAct2006(AML/CTFAct); Uptodatecompanyfinancialsincludingannualreturnsfor thepast3years,andthoseofparentcompanieswhere applicable; Obtainingcreditreportsfromleadingcreditagencies(such asveda); GOMarketsexposurelimitsreflectamixofeconomicand financialindicators(eg,balancesheetratios;currentand forecastprofitability;industryfactors); 10 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

12 NonUfinancialindicators(managementquality,business strategy,reputationalriskandanyevidencefromprior businessrelationships). GOMarketsrecognisesthatitisessentialtohaveanongoing understandingofthehealthoftheircounterpartiesatall times.assuch,toensureongoingsufficientfinancial standing,gomarketsundertakesproactivemeasures, includingsemiuannualduediligenceonallexisting counterparties. GOMarketsprimaryhedgingcounterpartiesareADS SecuritiesL.L.C(licensedbytheCentralBankoftheUnited ArabEmirates),CFHClearingLimited(authorisedand regulatedbythefinancialconductauthorityintheunited Kingdom),ISPrimeLimited(authorisedandregulatedbythe FinancialConductAuthorityintheUnitedKingdom)and ForexCapitalMarkets(authorisedandregulatedbythe FinancialConductAuthorityintheUnitedKingdom). WecanprovideacopyoftheGOMarketshedgingpolicyto clientsandprospectiveclientsfreeofchargeuponrequest. Thispolicyisupdatedregularly.GOMarketsmayappoint newcounterparties,orchangeourcounterparties,from timetotime. GOMarketsalsohaveawrittenpolicyrelatingto maintainingadequatefinancialresources.thispolicysets outhowtheymonitorcompliancewiththeirfinancial requirements,aswellashowtheyconductstresstestingto ensurethattheyholdsufficientliquidfundstowithstand significantadversemarketmovements. MARKET VOLATILITY TheCFDmarketsaresubjecttomanyinfluenceswhichmay result in rapid price fluctuations and reflect unforeseen events or changes in conditions with the inevitable consequencebeingmarketvolatility. GiventhepotentiallevelsofvolatilityintheCFDmarkets,itis therefore recommended that you closely monitor your positions with Core Liquidity at all times. CFD markets are highlyvolatileandareverydifficulttopredict.duetosuch volatility,inadditiontothespreadthatcoreliquidityaddsto all calculations and quotes, no such CFD offered by Core Liquidity, or any other financial services provider, may be consideredasasafetrade. All derivatives involve risk and there is no trading strategy thatcaneliminateit.youcouldlosealloftheinitialmargin thatyoudeposittoestablishormaintainacfdposition. Incaseswhereyouarespeculatingwesuggestthatyoudo not risk more capital than you can afford to lose. A good generalruleisnevertospeculatewithmoneywhich,iflost, wouldalteryourstandardofliving. FOREIGN EXCHANGE RISK Yourprofitsandlossesmaybeaffectedbyfluctuationsinthe relevantforeignexchangeratebetweenthetimetheorderis placedandthetimethecfdisclosedout. Forexample,whatmayappearasaprofitfromtheCFDmay actuallyconstituteasalossinthechosenbasecurrencydue tocurrencyfluctuations.untiltheforeigncurrencybalanceis convertedtothebasecurrency,fluctuationsintherelevant foreignexchangeratemayaffecttheunrealised(profit/loss madeonthecfd. Foreigncurrencymarketscanchangerapidly.Exchangerates depend on a number of factors including, for example, interest rates, currency supply and demand and actions of government.insomesituations,exchangesofcurrencymay be suspended. There is always operational risk associated with the currency conversion calculation process that is undertaken for CFDs. For example, disruptions in our operational processes such as communications, computers and computer networks, or external events may lead to delaysintheexecutionandsettlementofatransaction. USING THIRD PARTY PLUG-INS ThirdpartyplugUinscanberisky.Theyareoftencalled Expert Advisers or MirrorTradingPlugRins.Theymayenableyour accounttomirrortradesmadebythirdpartyassetmanagers. Theymayclaimtoexploitpricelatencyacrossplatformsor markets.theymaypromiseexceptionalreturns. Core Liquidity s platforms let you to plug in third party applications to help you trade. Some charge you fees, and othersdonot.someareapprovedbyus,andothersarenot. Regardlessofourapproval,wearenotresponsiblefor,and willnotindemnifyyoufrom,relianceonanystatementsmade by their makers or promoters, or any loss incurred in connectionwiththirdpartypluguinsthatyouuse. KeyrisksaboutthirdpartyplugUinsare: Youcanlosecontrolofyourtradesandsufferfinancial loss. Thesoftwaremaystopworkingandyouarestuckwith openpositionsandyousufferfinancialloss. Youcanlosemoremoneythanyourinitialdeposit. Theymayresultinyoubeingmargincalled(seeSection 13 ofthispdstitled Margin(Requirements ) and your positionsmaybeliquidated. Some are offered by fraudulent or illegal/underground entitiesinremotepartsoftheworld. If promoters of these pluguins make promises that are too goodtobetrue,thenyoushouldavoidthem. You should never provide your Account user name or passwordtoathirdparty todosowouldbeabreachofyour contractwithus.youarewhollyresponsibleformanagingthe risks (including the risk of loss) associated with using third partypluguins. CLIENT S MONEY Your funds are held in GO Markets Pty Ltd. s client trust accountandarecomingledwiththefundsofallofourother clients. Subject to the Corporations* Act, your funds kept in GO Markets Pty Ltd. s client trust account can be used for the purposesofcoveringpaymentsforotherclientsandmeeting either Core Liquidity s or GO Markets Pty Ltd. s margin requirementswithitsotcderivativesproviders. 11 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

13 Thismeansthatyoumaypotentiallysufferlossesasaresult ofdefaultbyanotherclientwheremoneyfromtheclienttrust accountsisappliedtocoverthatclient spaymentobligations. Moreover, you may not receive all the money held by GO MarketsPtyLtd. sonyourbehalfintheclienttrustaccountif thereisadeficitintheclienttrustaccountandeithercore Liquidity or GO Markets Pty Ltd becomes insolvent or is otherwiseunabletopaythedeficiency. MARGINS Core Liquidity operates an automated Margin Call mechanisminanefforttomitigatetheriskofaclientaccount falling into negative equity. In order to maintain a position/trade, your cash balance after running losses (equity)mustnotfallbelow50%oftherequiredmargin.a breach of this threshold will result in the closure of your position(s),withthelargestlosingtradeclosedfirst.before your trade(s) is closed, a warning will be issued on your tradingplatformifyouraccountequitybreaches80%ofyour margin required, by means of red highlighting on your trade(s). WhilethisautomatedmarginUcallprocessactsasaprotection for both client and provider, market volatility, particularly surrounding news events, may result in additional losses. Holdingatradeovertheweekendmayincreasetheriskofa gap inpriceaction,therebytriggeringamarginucalleventat alowerlevelthanthe50%threshold. EachopenCFDwillrequireyoutomaintainacertainamount of margin with us. In the case of a CFD, the margin is calculatedat1%ofthecontract(valueofthecfdatanytime. PleasenotethatifthepriceoftheCFDmovesagainstyou, you may be required, at short notice, to deposit with us additionalcashinordertomaintainyourposition.duetothe volatilenatureofglobalmarkets,thetimeinwhichyouare requiredtodepositadditionalcashmayvarysignificantly.we cannot give you definite timeframes for you to meet your marginrequirements.insomecircumstances,wemayneed tocloseoutyouropenpositionsimmediately,ifyoufailto meet margin requirements, in order to minimise our risk exposure. Under the Client Agreement, a failure to meet our margin requirementsisaneventofdefaultandwehavetherightto immediatelycloseoutyourcfdposition.youmustregularly monitoryourownmarginrequirements. Inordertomanagetheriskthatyouwouldnothavesufficient fundsinyouraccounttomaintainyourcfdpositionsopen, wemaytakethefollowingmeasures: If the margin required to maintain your CFD positions open takes up 100% of the funds shown in your CFD account,youareregardedasbeingon MarginCall ; IfthefundsavailableinyourCFDaccountonlycovers80% orlessofthemarginrequirementsforyouropencfds, you will receive a visual message automatically on the CoreLiquidity straderplatformforyoutoconsidertaking appropriateactionwhichcanincludedepositingfurther fundsorreducingexposure;and IfthefundsavailableinyourCFDaccountonlycovers30% of the margin requirements for your open CFDs, your worst offending CFD (i.e. the contract with the largest marginrequirements)willbeautomaticallyclosedout. However, irrespective of the steps we take, it is your responsibility to ensure that you have paid to us sufficient fundsinordertosatisfyourmarginrequirements.ifyoufail tohavesufficientmarginatanytime,yourcfdmaybeclosed outbyus,withoutnotice,atalosstoyouandyoumaybe chargeddefaultinterest. Core Liquidity has sole discretion to determine how much marginisrequired. EXAMPLE (Closing(out(CFDs(as(a(result(of(breach(of(margin( requirements This*example*assumes*that*the*applicable*margin*percentage* rate*is*1%*of*the*contract*value*of*your*open*cfds.* TheCFDaccountbalanceisUSD$1,500. The trader buys (long) 1 Standard contract of CLUOil (1000 Barrels) at $ and the margin requirement is AUD $1,000. TheMarginPercentagecurrentlyheldis150%(CFDaccount balance/marginx100)i.e.theclienthas1.5timesthemargin requirement. If the price of Crude Oil falls to $99.40, the CFD Account balancebecomesusd$1,000whilstthemarginrequirement isnowaud$994(contractvaluenow$99,400duetofallin thepriceofcrudeoil).thetrader scfdaccountbalanceis calculatedbydeductingthelossofusd$600from$1,500. TheMarginPercentageisnow90.54%andisdeemedtobein Margin Call as the CFD account balance covers less than 100%ofmarginrequirement. IfthepriceofCrudeOilcontinuestofallandreaches$99.25, thecfdaccountbalanceisnow$750andmarginpercentage isnow75.56%.astheaccountisbelow80%thetraderwill seeavisualreminderonthetradingplatform. CrudeOilfallsfurtherandreaches$98.79.TheCFDaccount balancefallsto$290andmarginpercentageisnow29.35%. Astheaccountisbelow30%margincoverage,theposition willbeclosedoutatthefirstavailableopportunity. If the trader has a number of open CFDs and the Margin Percentage is below 30%, the CFD with the largest margin requirementwillbeautomaticallyclosedfirst.othercfdsin orderofthelargestmarginrequirementwillalsobeclosed untilthemarginpercentageisrestoredabove30%. CoreLiquidity smarginrequirementsaresubjecttochange onourongoingassessmentofourriskoflossfromafailureto recoverlosses.ifwechangeourmarginrequirements,wewill contactyoudirectlyviaeumailorbycallingyou. STOP ORDERS AND LIMIT ORDERS ARE NOT GUARANTEED Theplacingofa StopOrder canpotentiallylimityourloss. However,wedonotguaranteethatastop*orderwilldoso. Similarly,a LimitOrder canmaximiseyourprofitbutthere 12 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

14 is also no guarantee of this. This is because, for example, globalmarketscanbevolatileandunforeseeableeventscan occur,which meansthatitispossiblethatstop*orders and limit*ordersmaynotbeaccepted,ormaybeacceptedata pricedifferenttothatspecifiedbyyou.youshouldanticipate beingstoppedoutatorlimitedatapriceworsethantheprice youset.youmaysufferlossesasaresult. INTEREST, ROLLOVER CHANGES AND ROLLOVER CREDITS FinancingCosts, RolloverCharges and RolloverCredits canimpactontheoverallreturnofacfd.pleaseseesection 14foranexplanationofRollover*ChargesandRollover*Credits. GAPPING In fast moving or illiquid markets gapping may occur. Gappingoccurswhenmarketpricesdonotfollowa smooth or continuous trend and are typically caused by external factors such as world, political, economic and corporate related events. Should gapping occur in the underlying productonwhichyourcfdisbased,youmaynotbeableto closeoutyourpositionoropenanewpositionatthepriceat whichyouhaveplacedyourorder. YOU MAY NOT BE ABLE TO MANAGE RISK Itcouldbecomedifficultorimpossibleforyoutomanagethe riskofanopencfdbyenteringintoanoppositepositionin anothercfdtocloseouttheexistingcfd. Thisisbecause: Wehavethediscretiontorefuseortoacceptanorder requestedbyyou.forexample,wemayrefusetoaccept anorderwhenthereisasignificantchangeinpricesover a short period or a lack of liquidity due to significant volatilityoruncertaintyoftrading;or Therelevantindexorcommoditymaynolongerbeonour list of available tradable products. We may decide to ceaseofferingaproductif,amongstotherthings: > GOMarketsPtyLtd. sotcderivativesproviderisnot abletogetquotesfromthebanksandinstitutionsin respectoftherelevantindexorcommodity;or > Liquidityfortheproductispoorand/orthattradingin theproductwouldnolongerbeprudentasspreads couldbewide. Wewillinformyouviaourwebsiteandnotificationsonthe CoreLiquidity straderplatformwithinonemonthofmaking adecisiontoceasetradinginproductorbecomingawarethat theindexorcommoditywillnototherwisebeavailablefor trading. OPERATIONAL RISKS ThereareoperationalrisksinCFDtransactions.Theoperation ofyourcfdaccountandthetransactionofcfdisrelianton the continuing operation of, among other things, the Core Liquidity straderplatforms,ourcomputers,theinternet,and yourpersonalcomputer. Disruptions, failures or delays in any of these may lead to delaysinexecutionandsettlementofcfdtransactions.while wewillendeavourtoprovideyouwithaccesstotradeonthe Core Liquidity s Trader platforms generally 24 hours a day, from 8:00 AM AEST, Monday, to 7:00 AM AEST, Saturday, theremaybedisruptionsintheavailabilityoftheplatforms. Tothemaximumextentpermittedbylaw,noresponsibilityis taken for any liability incurred in connection with any disruption, failure or delay of the Core Liquidity s Trader platformsoranyrelatedinfrastructure.wehaveoutsourced the operation of the Core Liquidity s Trader platforms to a third party and we rely on this third party to ensure the systemsareupdatedandmaintained. CONSEQUENCES OF YOUR DEFAULT Ifyoufailtomaintaintherequiredmargin,payotheramounts payable to us or fail to perform any obligation under your CFDs,wehaveextensivepowersunderourClientAgreement withyoutotakestepstoprotectourpositionincluding,for example,thepowertocloseoutcfdsandtochargedefault interest. UndertheClientAgreementyoualsoindemnifyusforcertain losses and liabilities, including, for example, any default by youundertheclientagreement.further,ourliabilitytoyou is expressly limited. You should read the Client Agreement carefully and obtain advice to make sure you understand thesematters. OUR RIGHT TO EXERCISE CERTAIN DISCRETIONS Youshouldnotethatthereareanumberofprovisionsinthe Client Agreement that confer discretion on us which could affectyourcfds. Thesediscretionsinclude: SettingthepriceoftheBaseCurrencyusedtoopenaCFD andcloseoutacfd.thepriceofabasecurrencyisset withreferencetothecurrentmarketpriceofferedtous fromourhedgingpartners. However,incertaincircumstances,thepricewesetmay bedifferentfromthecurrentmarketprice.inparticular: > Wemaynothedgeaclient spositionorpostthetrade straight through (known as Straight( through( Processing,orSTP)andinstead,wesetthepricesat which we are prepared to deal with you. In some cases, client trades are hedged by passing the equivalentvolumeofinstrumenttradedthroughtoa liquidity partner, thereby mitigating client risk resultingfromadversemarketmovements.wealso conductregularsurveillanceofourclientutouliquidity provider exposure to ensure any discrepancies that mayarisearecorrectedasappropriate.thismayfrom timeutoutime involve bulk purchases of a given currency, security or index with a liquidity partner whicharegenerallyinfrequentandimmaterialinsize. Itisalsoimperativetomitigatecounterpartyrisk.In an effort to reduce this risk, GO Markets Pty Ltd sourcesliquidityfromtier1or2partners. > If we cannot determine a price because trading is limited,thenthepricewillbetheprice: immediatelyprecedingsuchlimitation;or 13 Product Disclosure Statement Contracts for Difference Core Liquidity Markets

15 determined by us in our absolute discretion, acting reasonably, but having regard to the prevailingmarketconditionsaffectingtradingasa wholeortradinginsuchcurrency. TocloseoutallorpartofyourCFDs,limitthetotalvalue ofthecfdyoucanopen,refuseanorderorterminatethe agreement between us if certain circumstances arise, includingwherewe: > decideinourabsolutediscretionandprovidedthat we have given you prior written notice of such decision;or > reasonablyconsideritnecessaryfortheprotectionof ourrightsundertheclientagreement. Youshouldnotethatyoudonothavethepowertodirectus intheexerciseofourdiscretions. INFORMATION WE MAKE AVAILABLE Wemaymakeinformationavailabletoyouthatisgenerated byusorobtainedfromthirdparties.thisincludes,butisnot limitedto,marketinformationsuchasfinancialmarketdata, quotes,news,analystopinionsandresearchreports,graphs ordata. Thismarketinformation: isnotintendedtobeadvice; is not endorsed or approved by us and we do not guarantee the accuracy, timeliness, completeness or correctsequencingofthemarketinformation; isavailableasaserviceforyourownconvenienceonly; may quickly become unreliable for various reasons including,forexample,changesinmarketconditionsor economiccircumstances;and isnotnecessarilyuptodate. Exceptasrequiredbylaw,wedonotwarrantanyresultsfrom your use or reliance on the market information. We may discontinue offering this market information at any time withoutnotice. While the internet and the World Wide Web are generally reliable,technicalproblemsorotherconditionsmaydelayor prevent access thereto. If you are unable to access the internetandthus,theelectronictradingplatform,itwillmean youmaybeunabletotradeinacfdproductofferedbycore Liquiditywhendesiredandyoumaysufferalossasaresult. Should the system be unavailable, clients may place their closing orders via telephone with a representative of Core Liquidity. Furthermore,inunforeseenandextrememarketsituations, suchasaneventlikeseptember11,oraglobalcatastrophe, CoreLiquidityreservestherighttosuspendtheoperationof theelectronictradingplatformoranypartorsectionsofit. Insuchanevent,CoreLiquiditymayatitssolediscretion(with orwithoutnotice),closeoutyouropencontractsatpricesit considersfairandreasonableatsuchatime.coreliquidity may impose volume limits on client accounts, at its sole discretion. Please note that such measures would only be implemented in extreme market conditions, and such discretiononlyreasonablyexercisedinthebestinterestsof theclient. REGULATORY RISK Changes in taxation and other laws, government, fiscal, monetary and regulatory policies may have a material adverseeffectonyourdealingsincfds,asmayanyregulatory actiontakenagainsteithercoreliquidityorgomarketspty Ltd. NO COOLING OFF TherearenocoolingUoffarrangementsforCFDcontracts.This meansthatwhencoreliquidityarrangesfortheexecutionof a CFD contract, you do not have the right to return the product,norrequestarefundofthemoneypaidtoacquire theproduct. EXECUTION RISK Adelayinexecutionmayoccurforvariousreasons,suchas technicalissueswithyourinternetconnectiontoourtrading servers. The Core Liquidity s Trader Platforms may not be maintainingaconstantconnectionwithourtradingservers. Inthosecircumstances,thepriceofferedbyusmaychange beforewereceiveyourorder.ifyouplaceanorderandthe pricechangesbeforetheorderisreceived,theorderwillbe acceptedbyusatthenewprice.thismeansthepriceatwhich yourorderisacceptedmaybedifferentfromthepriceyou werequoted. We cannot predict future price movements and our quotationsarenotaforecastofwherewebelievecurrency priceswillbeatafuturetime. ELECTRONIC TRADING PLATFORM RISK You shall be responsible for providing and maintaining the means by which to access the electronic trading platform, whichmayincludewithoutlimitationapersonalcomputer, modemandtelephoneorotheraccessline. SUPERANNUATION FUNDS Itshouldbenotedthatcomplyingsuperannuationfundsare subjecttonumerousguidelinesandrestrictionsinrelationto their investment activities which are contained in the Superannuation* Industry* Supervision* Act* 1993, and associatedregulationsandregulatoryguidancematerial. Withoutbeinganexhaustivelist,followingaresomeofthe issuesthatshouldbeconsideredbyatrusteeofacomplying superannuationfund: Restrictions on borrowing and charging assets and whether dealing in CFD products would breach those borrowingandchargingrestrictions; ThepurposeofdealinginCFDproductsinthecontextof acomplyingsuperannuationfund sinvestmentstrategy aswellasthefiduciarydutiesandotherobligationsowed bytrusteesofthosefunds; The necessity for a Trustees of a complying superannuationfundtobefamiliarwiththeriskinvolved indealingincfdproductsandtheneedtohaveinplace adequate risk management procedures to manage the risksassociatedindealinginthoseproducts;and 14 Product Disclosure Statement Contracts for Difference Core Liquidity Markets