TABLE OF CONTENTS. 1. Important Information... 5 NOTES AND DISCLAIMER... 5 HOW TO CONTACT US... 5 ELECTRONIC VERSION OF THE PDS...

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2 TABLE OF CONTENTS 1. Important Information... 5 NOTES AND DISCLAIMER... 5 HOW TO CONTACT US... 5 ELECTRONIC VERSION OF THE PDS... 5 UPDATED INFORMATION... 5 TREATMENT OF OVERSEAS APPLICANTS... 5 RESTRICTIONS ON THE DISTRIBUTION OF DOCUMENTATION... 5 APPLICATIONS... 6 PRODUCTS COVERED IN THIS PDS... 6 CALL RECORDINGS Terms and Conditions Advice Summary Table Key Features of Core Liquidity s Binary Options... 9 BINARY OPTIONS... 9 CALCULATING PROFIT AND LOSS Benefits of Trading Core Liquidity s Binary Options Risks of Trading Binary Options DERIVATIVES RISK MARKET VOLATILITY FOREIGN EXCHANGE RISK CORE LIQUIDITY s RISK/COUNTERPARTY RISK DEPOSIT CLIENT S MONEY CREDIT RISK POSSIBLE ILLIQUIDITY OF THE MARKET TERMINATION OF BINARY OPTIONS BEFORE THE EXPIRY TIME OPERATIONAL RISKS CONSEQUENCES OF YOUR DEFAULT OUR RIGHT TO EXERCISE CERTAIN DISCRETIONS INFORMATION WE MAKE AVAILABLE EXECUTION RISK ELECTRONIC TRADING PLATFORM RISK Product Disclosure Statement Binary Options Core Liquidity Markets

3 REGULATORY RISK NO COOLING OFF SUPERANNUATION FUNDS Binary Option s Transaction Examples CALL BINARY OPTION PUT BINARY OPINION ASIC Regulatory Guide 227 Disclosure Benchmarks Opening an Account The Binary Option s Account WHAT IS A BINARY OPTION S ACCOUNT? HOW ARE THE FUNDS YOU DEPOSIT WITH US HELD? HOW DO YOU GET FUNDS IN AND OUT OF YOUR BINARY OPTION S ACCOUNT? DO YOU GET INTEREST ON YOUR BINARY OPTION S ACCOUNT BALANCE? Operating an Account HOW DO YOU OPEN A BINARY OPTION S POSITION? ACCEPTANCE OF ORDERS HOW DO YOU CLOSE OUT A BINARY OPTION? CORE LIQUIDITY s TRADER PLATFORMS Deposit Requirements WHAT IS DEPOSIT? INITIAL DEPOSIT YOU ARE RESPONSIBLE FOR SATISFYING THE DEPOSIT REQUIREMENTS Fees and Other Costs ASSOCIATED FEES CURRENCY CONVERSION CALCULATION FEE DEPOSIT INTEREST ON ACCOUNT BALANCES INTERNATIONAL TRANSFER FEES OTHER FEES AND COSTS Taxation TAXATION ADVICE Disclosure of Interest Privacy Policy Dispute Resolution FINANCIAL OMBUDSMAN SERVICE (FOS) Product Disclosure Statement Binary Options Core Liquidity Markets

4 19. Anti-Money Laundering and Counter-Terrorism Financing Client Agreement Glossary Product Disclosure Statement Binary Options 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,youaredealingwithGOMarketsPtyLtdasprincipal andproductissuer.anytransactionscarriedoutonthecore Liquidity stradingportalorbyanyothermeansarereceived andprocessedbygomarketsptyltd. This Product( Disclosure( Statement ( PDS ) is dated 14 th of Marchof2014andwaspreparedbyGOMarketsPtyLtd.Its purpose is to help you decide whether Binary( Options are appropriateforyourfinancialobjectives,situationandneeds. It has not been prepared to take into consideration your current financial needs or objectives. This PDS does not constitutearecommendation,adviceoropinion.itisgeneral informationonly. BinaryOptionproductsareconsideredspeculativeproducts which carry significantly greater risks than nonsgeared investments,suchasshares.youshouldnotinvestinbinary Optionproductsunlessyouproperlyunderstandthenature of Binary Option products, and are comfortable with the attendant risks. You should obtain financial, legal, taxation andotherprofessionaladvicepriortoenteringintoabinary Option transaction to ensure this is appropriate for your objectives,needsandcircumstances. ThetaxationconsequencesofBinaryOptiontransactionscan be complex and will differ for each individual s financial circumstances,andyourtaxadvisershouldbeconsultedprior toenteringintoabinaryoptiontransaction. CoreLiquidityalsorecommendsthatyouseekindependent advice to ensure this is appropriate for your particular financialobjectives,needsandcircumstances. Noaspectofthisproducthasbeenendorsedorapprovedby the Australian( Securities( and( Investments( Commission ( ASIC )oranypartyormarketreferredtointhispds.this PDShasnotbeenlodgedwithASICandisnotrequiredbythe Corporations* Act to be lodged with ASIC. ASIC takes no responsibilityforthecontentsofthispds. Nothing in this PDS should be considered as a recommendation to trade in Binary Options or any other particularproductinanyway. Core Liquidity does not guarantee the investment performance of Binary Option products or the investment performanceoftheunderlyingmarketsorinstruments.note thatpastperformanceisnoindicationorguaranteeoffuture 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 VIC300 Phone(AUS): Phone(UK): ESmail: 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 openingformsandthefinancial(services(guide( FSG )from CoreLiquidity. 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 ThisPDSdoesnotconstituteanofferorinvitationinanyplace outsideaustraliawhere,ortoanypersontowhomitwould beunlawfultomakesuchanofferorinvitation. The distribution of this PDS (electronically or otherwise) in anyjurisdictionoutsideaustraliamayberestrictedbylawand personswhocomeintopossessionofthispdsshouldseek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicablelaw. 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. RESTRICTIONS ON THE DISTRIBUTION OF DOCUMENTATION DistributionofthisPDSoutsideAustraliamayberestrictedby law.thispdsisnotintendedto,anddoesnotconstitutean 5 Product Disclosure Statement Binary Options Core Liquidity Markets

6 offer of securities or recommendation to trade in Binary Option products at any place which, or to any person to whom,themakingofsuchofferwouldnotbelawfulunder thelawsofthatjurisdiction. riskcapital(thatis,capitalyoucanaffordtolose).pleasenote thatthehistoricalfinancialperformanceofanybinaryoption orunderlyinginstrument/marketisnoguaranteeorindicator offutureperformance. APPLICATIONS IfyouwishtoapplyforaBinaryOption saccountinpaper form, you must complete and return the Core Liquidity applicationformagreeingtobeboundbythecontentsofthis PDS,theClientAgreement,theTermsandConditionsandthe FSG.IfanelectronicBinaryOption sapplicationiscompleted, youwillneedtoelectronicallyagreethatyouhavereadand understoodtheclientagreement,thetermsandconditions, thefsgandthispds.whenapplyingforabinaryoption s accountyouagreetobeboundbythecontentswithinthis PDS. PRODUCTS COVERED IN THIS PDS This is a PDS for derivatives and Binary Option products provided by Core Liquidity. These are overbthebcounter ( OTC ) options that pay a presdetermined, fixed amount, dependingonwhetherornotafinancialeventoccursbya certaintime. BinaryOptionscanhaveonlyoneoftwopossibleoutcomes andallowyoutotakeasimple Yes or No approach. Forexample,willtheEUR/USDfinishabovethecurrentprice at the end of the hour? If the answer is Yes, the Binary OptionsettlesinBtheBmoney.Iftheansweris No,theBinary OptionsettlesoutBofBtheBmoney. CoreLiquidity sproductsdonotresultinthephysicaldelivery oftheunderlyinginstrument/market.allofthebinaryoption products are cash adjusted or Closed Out by the client i.e. thereisnotaphysicalexchangeofoneproductforanother. 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 applicationformviaesmail,faxorbypost,andthenhaveyour AccountapprovedbyCoreLiquidity. PleasenotethatCoreLiquidityreservestherighttorefuseto openabinaryoption saccountforanyperson. CoreLiquiditydoesnotguaranteetheperformance,returnof capital from, or any particular rate of return, of a Binary Optionproductortransaction.Clientsshouldonlyinvestin PleasealsonotethattheexamplesprovidedinthisPDSare only provided for illustrative purposes only and do not necessarily reflect current or future market or product movements, the values that Core Liquidity will apply to a trade, nor how such trades impact your personal circumstances. The figures used in the examples do not necessarily reflect your personal circumstances and do not restrictinanymannerthewayinwhichcoreliquiditymay exercise its powers or discretions. Those examples do not constitutegeneralorpersonalfinancialproductadvicetoany personreadingthispds. CoreLiquidityonlyacceptsBinaryOptions orderinstructions viatheelectronictradingplatformandwillnotacceptorder instructionsviaanyothermeans. Youarerequiredtoaccesstheelectronictradingplatformon adailybasistoconfirmthatanyorderinstructionshaveinfact beenreceivedbyus,resconfirmallordersthatyouplacewith us, review order confirmations we provide, to ensure their accuracy, and monitor your deposit 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,depositrequirementsandcashbalances,and tradingconfirmations.shouldyouhaveanyqueriesrelating toyourstatementsweencourageyoutocontactus. 3. Advice Core Liquidity is authorised to buy and sell Binary Option productsandtogiveadviceinrelationthereto. 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 oranyotherpersontoinvestinbinaryoptions,oranyother financialproduct.youareresponsiblefortheselectionofthe Binary Option you transact with us. We make no representationabouttheperformanceofanybinaryoption. The performance of the Binary Option will depend on the investmentdecisionsmadebyyou. 4. Summary Table On the next page, you will find the summary of the key featuresandcharacteristicsinvolvedindealinginourbinary Options. Inadditiontothissummary,youshouldensureyouhaveread andunderstoodthecontentofthispds,theclientagreement andourfsg. 6 Product Disclosure Statement Binary Options Core Liquidity Markets

7 ISSUE WhoistheissuerofthisPDSand thebinaryoptions? Whatfinancialproductsdo weprovide? WhatareBinaryOptions? WhatisaPosition? ABinaryOptionisissued oversthes counter.whatdoesthismean? Whatchargesarepayablewhen dealinginbinaryoptions? HowdoIopenanAccount? Whatistheminimumbalanceto openanaccount? HowdoyoudealinBinaryOptions withus? Whatare Call and Put Binary Options? HowdoIcloseSoutaposition? Howdowedealwithyourmoney? Whatismy TotalEquity? Whatismy FreeEquity? SUMMARY CoreLiquidityisaCorporate(Authorised(RepresentativeofGOMarketsPtyLtd.ThisPDS wasissuedandpreparedbygomarketsptyltd.coreliquidityistheproviderofthebinary Options,however,whentradingwithCoreLiquidity,youaredealingwithGOMarketsPty Ltdasprincipal.AnytransactionscarriedoutontheCoreLiquidity stradingportalorby anyothermeansarereceivedandprocessedbygomarketsptyltd. BinaryOptions. Binary Options are overbthebcounter ( OTC ) options that pay a presdetermined, fixed amount,dependingonwhetherornotafinancialeventoccursbyacertaintime.binary Optionscanonlyhaveoneoftwosimplepossibleoutcomes, Yes or No. ABinaryOption(alsoknownasa DigitalOption or AllYorYNothingOption )istermeda Derivative, which is a financial instrument whose value, or price, is derived from an UnderlyingMarket.Itisineffectasyntheticinstrumentcompletelyconstructedtoobtain valuefrommovementsinafinancialmarket.binaryoptionsgivetheholdertherightto profitfrommovesintheunderlyingmarket. APositionisaBinaryOptionenteredintobyyouundertheClientAgreement. OverYtheYCounter ( OTC ) means that you do not trade in Binary Options through an exchangeormarket;rather,itisatransactionbetweenyouandus.thismeansyoucan only enter into transactions in relation to our products with us. You do not have the protectionsnormallyassociatedwithtradingonaregulatedmarket.itisnotpossibleto close a Binary Option by giving instructions to another provider, broker or Australian financialserviceslicensee. ThefeesassociatedwithBinaryOptionsarethepriceoftheBinaryOptionitself.Youwill notbechargedafeeorcommissionwhenyouacquireanybinaryoptionproduct.core Liquidity reserves the right to pass on, if any, administration charges such as (but not limitedto)creditcardmerchantfeesandbankwiretransferfees. ReadthisPDS,theClientAgreementandourFSG,andthencompleteanApplicationForm. Youmayobtainthesedocumentsby: telephoninguson ,or goingtoourwebsiteatwww.clmforex.com. TheminimumbalancetoopenanAccountisAUD$500(orequivalent).Unlessotherwise specified,alldollaramountsreferredtointhispdsaredenominatedinaustraliandollars. You may place orders to deal in Binary Options only via the Core Liquidity s Trading Platform,throughacomputerconnectedtotheinternetoryourmobiletelephone. PleasenotethatCoreLiquiditydoesnotacceptordersorinstructionsfromyouthrough anyothermeans,suchasesmailortelephone,unlesswehavepreviouslyagreedwithyou todoso.itispossibleforathirdpartytoplaceordersonyourbehalfprovidedthatawritten Power(of(Attorneyorauthorityhasbeenreceivedandacceptedbyus. A Call BinaryOptionisaBinaryOptionthatyieldsaprofitforthebuyerwhentheprice of the Underlying Market (the Strike Price ) at the Expiry( Time is HIGHER than the Expiry(Price.CallBinaryOptionsareforthoseclientswhoarebullish,andwishforthe UnderlyingMarketto up. A Put BinaryOptionisaBinaryOptionthatyieldsaprofittothebuyerwhenthepriceof theunderlyingmarket(the StrikePrice )attheexpiry(timeis LOWER thantheexpiry( Price.PutBinaryOptionsareforthoseclientswhoarebearish,andwishfortheUnderlying Markettogo down. YoucloseaPositioninaBinaryOptionbyyoutakinganequalandoppositePositionwith useitherbysinglepositionclosingoroppositepositionclosing. Moneywhichyoudepositwithuswillberegulatedinaccordancewiththerequirements ofthecorporations*act. Your TotalEquity istheaggregateof: thecurrentcashbalanceinyouraccount;and yourcurrentunrealisedprofitsandlosses. Your FreeEquity isyourtotalequitylessyourcurrenttotaldepositrequirement. 7 Product Disclosure Statement Binary Options Core Liquidity Markets

8 Whatis Deposit? Howarepaymentsmadeinandout ofmyaccount? DoIreceiveinterestonmoneys heldinmyaccountorpayinterest onmoneysiowetoyou? Arethereany Financing or Swap ChargesorBenefits? WhatarethekeybenefitsofBinary Options? WhataretherisksofBinary Options? Whatproceduresareinplaceto dealwithyourcomplaintsor concerns? Whatarethetaxationimplications ofenteringintobinaryoptions? Whatareyourtradingandoffice hours? WhatifIneedfurtherinformation? Whatadditionalfeesandcharges arepayableinrespectofbinary Options? TheFreeEquityistheamountthatyoumaywithdrawfromyourAccountorusetocover additionaldepositrequirements. Deposit isinitiallytheamountthatyoumusthaveinyouraccounttoenterintoabinary Optionwithus. Thelevelofdepositrequiredtoopenandmaintainapositioniscalledthe InitialDeposit Requirement. ThesumofyourdepositrequirementsforallofyouropenPositionsiscalledthe Total DepositRequirement. Youmaydepositfundsbycreditcard,electronictransfer,BSPay orbycheque.allfunds mustbeclearedfundsinyouraccountbeforetheyaremadeavailableforyoutousein dealinginbinaryoptions.paymentsusingbspay arenotclearedfundsinyouraccountat thetimeofuseofbspay.generally,clearedfundsarereceivedinyouraccount24hours aftertheuseofbspay.wewillpayyouthroughelectronictransferorcheque. CoreLiquiditydoesnotpayinterestoncreditbalancesincurrencyledgersonyourAccount. However, we will charge interest on any debit balances in a currency ledger on your Account.Anyamountsofinterestpayabletouswillbedeductedfromanyamountspayable byustoyou. TherearenochargesorbenefitsassociatedwithBinaryOptions. SomeofthekeybenefitsforBinaryOptionsofferedbyusinthisPDSaresetoutinSection 6. Binary Options are derivative products which are speculative, and carry significantly greaterriskthannonsgearedinvestmentssuchasshares.youmayincurlossestotheextent ofyourtotalexposuretousandanyadditionalfeesandchargesthatapply.youshould obtainyourownindependentfinancial,legal,taxationandotherprofessionaladviceasto whetherbinaryoptionsareanappropriateinvestmentforyou.moreinformationabout therisksoftradingbinaryoptionsissetoutinsection7. ApreliminaryinvestigationofanydisputeswillbeconductedbyCoreLiquidityandreferred togomarketsptyltdshouldthedisputeremainunresolvedwithin3days. GOMarketsPtyLtdhasaninternaldisputeresolutionprocessinplaceforCoreLiquidity s clients and it is a member of the Financial( Ombudsman( Scheme ( FOS ), an external complaintsresolutionbody. IfyouwishtomakeacomplaintpleaseseeSection18. The taxation consequences of Binary Option transactions depend on your personal circumstances. SomegeneraltaxationconsequencesaresetoutinSection15.Thetaxationconsequences canbecomplexandwilldifferforeachindividual sfinancialcircumstances. Werecommendthatyouobtainindependenttaxationandaccountingadviceinrelationto the impact of Binary Option transactions and products on your particular financial situation. Core(Liquidity s(trading(hours(( Trading hours for Binary Options will depend on the relevant Underlying Instrument Market shoursofoperation,andaresetoutonourwebsite. Core(Liquidity s(office(hours( OurofficehoursarefromMondaytoFriday,7:00amto7:00pmAEST/AEDT,subjectto publicholidays. Youshouldspeaktoyourfinancialadvisor,or,alternatively,youcancontactusby: Phone: support@clmforex.com Website: Whilstweendeavourtoincludeallfeesandcharges,insomecircumstancesyoumayincur feesandchargeswhicharesetoutinthispds.seesection14. 8 Product Disclosure Statement Binary Options Core Liquidity Markets

9 5. Key Features of Core Liquidity s Binary Options BINARY OPTIONS Binary(Options(areoverBtheBcounter( OTC )derivativesthat payapresdetermined,fixedamount,dependingonwhether or not a financial event occurs by a certain time. Binary Options can only have one of two possible outcomes and allowyoutotakeasimple Yes or No approach. ABinaryOptionistermeda Derivative,whichisafinancial instrument whose value, or price, is derived from an UnderlyingMarket.ExamplesofUnderlyingMarketsaregold, silver,currencies,securities,indices,etc.itisfundamentally anyinstrumentthatis tradable. In effect, Binary Options are synthetic instruments completelyconstructedtoobtainvaluefrommovementsina financial market. Binary Options give investors the right to profitfrommovesintheunderlyingmarket. A Call Binary Option enables investors to profit from an UnderlyingMarketthatisgoingup.Ityieldsaprofitforthe investorwhenthepriceoftheunderlyingmarket(the Strike Price )attheexpirytimeishigherthantheexpiryprice. A Put BinaryOption,conversely,enablesinvestorstoprofit from a downward movement of the Underlying Market. It yieldsaprofittotheinvestorwhenthepriceoftheunderlying Market(the StrikePrice )attheexpirytimeislowerthan theexpiryprice. BinaryOptionsdonotrequirethephysicalexchangeofone product for another. Binary Options will always be cash settledandthebinaryoption saccountwillbecreditedor debitedaccordingtotheprofitorlossofthetradeyouplace. BinaryOptionsmaybesettledineither American styleor European Style. American( Options can be exercised at any time up to and includingtheexpiry(time. European(OptionscanbeexercisedonlyontheExpiry(Time, notbefore. InvestorswhotradeinBinaryOptionsmaydosoforavariety ofreasons,twoofwhichare: Speculation Anattempttoprofitfromfluctuationsin thepriceorvalueoftheunderlyingmarket; Hedging( An attempt to hedge exposure of a current holdinginanunderlyingmarket. Core Liquidity offers Binary Options to customers on individualshares,stockindices,currencies,commoditiesand otherbinaryoptionproductsasmaybenotifiedfromtimeto time. How Binary Option transaction works is illustrated in examplesinsection8. The Binary Option is a contract between you and Core LiquiditywhoistheCorporate(Authorised(Representative(of GOMarketsPtyLtd,whichmeansyouandGOMarketsPty Ltdwillactasprincipalstothetransactionandhaveadirect creditexposuretoeachother.youdonottradethroughan exchange and are not afforded the protections normally associated with exchangestraded Derivatives, such as guaranteeagreements. CALCULATING PROFIT AND LOSS ThepotentialprofitorreturnthataBinaryOptionoffersis certain and known before the purchase is made. As the productisbinaryinnature,therecanonlybetwopossible outcomes,a Fixed amountor NothingatAll. WhentradingaBinaryOption,yourriskislimitedtothevalue youplaceinthe Investment tab. Inessence,a Payout figurewillbedisplayedafteryouhave defined your initial investment. Payout means the total monetaryprofitreturn.thisisasumofyourinitialinvestment andthe SpecificPercentage,whichisbasedonyourinitial investmentandispresdeterminedbycoreliquidity,andmay differaccordingtothetimetoexpiry. Below is the summary of Core Liquidity s current payout ratesinaccordancewitheachtimeframe. Pleasenotethatthepayoutratesaresubjecttochange(with orwithoutnotice)atanytime. TIMEEXPIRY PAYOUTRATE 60seconds 80% 5minutes 75% 10minutes 75% 15minutes 75% 30minutes 75% 1hour 60% 6. Benefits of Trading Core Liquidity s Binary Options Options and Derivatives in general can be complex and primarily geared towards professional and institutional investors. Binary Options are much more transparent and easy to understandthantraditionaloptionsandderivativessinceyou are speculating on a simple probability of directional movement. There are significant benefits associated with trading Core Liquidity sbinaryoptionsincluding,butnotlimitedto: 1. LimitationofLoss The maximum loss you may suffer from trading Binary Options is capped at the initial amount of money you invested.thereisnopossibilityofyoulosingmorethan yourinitialinvestmentinthepurchaseofabinaryoption. ThelevelofriskassociatedwithtradingBinaryOptionsis thus,alwayscertain,incontrasttocfds,futures,other typeofoptionsorderivativeswherelossescanincrease exponentially. 9 Product Disclosure Statement Binary Options Core Liquidity Markets

10 InBinaryOptions,therearenomargincallsthereforeyou willnotneedtoworryaboutstoplossesthatarenormally associated with when you re trading other leveraged financialproductssuchasmarginfxorcfds. 2. Hedging You can use Binary Options to hedge exposure of a currentholdingintheunderlyingmarket. 3. Speculation YoumayuseBinaryOptionstospeculateonthepriceof the Underlying Market Instrument, for example a currencyorcommodity,withouttheneedtobuyorsell theunderlyingmarketinstrumentitself. Unlike buying an actual commodity or currency where youexpectthepricetorise,withbinaryoptions,youare allowedtomakeaspeculationonwhethertheunderlying Marketpricewillincreaseordecreaseinvaluewithout actuallybuyingorsellingtheunderlyingitself. Forexample,youcango Long or Short bybuyinga Call(Binary(OptionifyouthinkthattheUnderlyingMarket willgouporbuyingaput(binary(optionifyouthinkthat itwillgodown. 4. TradeinSmallAmounts The Core Liquidity s system enables you to make transactionsinsmallamounts.youcanstartusingcore LiquidityevenwithanopeningbalanceaslittleasAUD $50. WhentradinginaBinaryOptionofferedbyCoreLiquidity, youmaydepositthesumthatsuitsyou,ortheamount whichisinlinewiththeamountyouarewillingtorisk. WithCoreLiquidity,youareinfullcontrolofyourfunds. Fundamentally, the Deposit Requirement for a Binary Optionisanamountequaltoyourmaximumlossonthat BinaryOption. 5. MarketPositionsandStrategies YoucanuseBinaryOption stradingstrategiestoprofit frombothrisingandfallingmarkets.however,giventhe uncertainty of market movements, there is no guaranteedthattheemploymentofthebinaryoption s trading strategies will lead to profits and from time to time,theemploymentoftradingstrategiesmayleadto losses. Itisimportanttonotethatsometradingstrategiesare morecomplexthanothersandmayhavedifferentlevels ofriskassociatedwiththem. 6. ProfitPotentialinFlatMarkets Binary Options, by their nature, have a fixed payout. Therefore,therearealwaystradingopportunitieswhen themarketsaretradingflat. 7. AccesstoMarketsinRealTime WhenusingCoreLiquidity,yougainaccesstoatrading system which is active and provides you with the opportunitytotradeinrealtimeonanyglobalfinancial marketwhichisopenfortrading. Thisgivesyouauniqueopportunitytoreactinstantlyto breakingnewsthatisaffectingthemarkets. 8. RealYtimeStreamingQuotesandTradablePrices The Core Liquidity s execution system uses the latest highlysophisticatedtechnologiesinordertoofferyouups tosthesminutequotes. YoumaycheckyourAccountsandPositionsinrealStime andyoumaydoso24hoursadayonanyglobalmarket whichisopenfortradingandmakeatradebasedonreals timeinformation. Subject to satisfying the execution limits, all orders are automatically accepted without intervention from Core Liquidity. The execution limits are set out on our website at or are available by calling us. The executionlimitsaresubjecttochangeatanytime. 7. Risks of Trading Binary Options This section does not detail ALL risks applicable to Binary Optionsbutratherseekstohighlightthekeysignificantrisks involvedintradinginbinaryoptions. BinaryOptionsarespeculativeintheirnatureandinvolvesa high degree of risk, including the risk of losing your entire DepositRequirement. Core Liquidity recommends that you obtain independent professional advice and carefully consider whether Binary Optionsareappropriateforyouinlightofyourknowledge, experienceandfinancialneedsandcircumstances.tradingin Binary Options should not be undertaken unless you understand and are comfortable with the risks of geared investments. Accordingly,youshouldnotrelyonthisPDSoruseitasthe soleorprincipalbasisforyourinvestmentdecisioninrelation tocoreliquidity sbinaryoptions. DERIVATIVES RISK Theriskoflossintradingderivativescanbesubstantial.You shouldthereforecarefullyconsiderwhethersuchtradingis suitableforyouinlightofyourfinancialcondition. InconsideringwhethertotradeinBinaryOptions,youshould beawarethatyouhavethepotentialtosufferariskoflosing yourentiredepositrequirementtoestablishormaintaina position. MARKET VOLATILITY TheGlobalFinancialMarketsaresubjecttomanyinfluences whichmayresultinrapidfluctuationsandreflectunforeseen events or changes in conditions with the inevitable consequencebeingmarketvolatility. Externalmarketforcesincluding,butnotlimitedto,changing supplyanddemandrelationships,governmental,agricultural, commercial, or trade programs and policies, as well as nationalandinternationalpoliticalandeconomiceventsand the prevailing psychological characteristics of the marketplacecaninfluencethemarketsandpricestochange veryquickly. 10 Product Disclosure Statement Binary Options Core Liquidity Markets

11 Thereisariskthatyoumaysufferalossasaresultoftheprice of the underlying market moving in a direction that is not anticipatedorunfavourably. Furthermore, due to the All or Nothing payout, an investmentinbinaryoptionsinvolvestheriskofthebinary Optionexpiringwithnovalueatall. Given the potential levels of volatility in prices and the financialmarkets,itisrecommendedthatyoucloselymonitor your positions with Core Liquidity at all times. Financial marketsarehighlyvolatileandareverydifficulttopredict. Duetosuchvolatility,nosuchBinaryOptionofferedbyCore Liquidity, or any other financial services provider, may be consideredasasafetrade. All derivatives involve risk and there is no trading strategy thatcaneliminateit.youcouldlosealloftheinitialdeposit that you make to establish or maintain a Binary Option s position. Incaseswhereyouarespeculating,wesuggestthatyoudo not risk more capital than you can afford to lose. A good generalruleisnevertospeculatewithmoneywhich,iflost, wouldalteryourstandardofliving. FOREIGN EXCHANGE RISK Yourprofitsandlossesmaybeaffectedbyfluctuationsinthe relevantforeignexchangeratebetweenthetimetheorderis placedandthetimethebinaryoptionisclosedout. For example, what may appear as a profit from the Binary Optionpositionmayactuallyconstituteasalossinthechosen basecurrencyduetocurrencyfluctuations.untiltheforeign currency balance is converted to the base currency, fluctuationsintherelevantforeignexchangeratemayaffect the Unrealised( Profit/Loss made on the Binary Option transaction. Foreigncurrencymarketscanchangerapidly.Exchangerates depend on a number of factors including, for example, interestrates,currencysupply,anddemandandactionsof government.insomesituations,exchangesofcurrencymay be suspended. There is always operational risk associated with the currency conversion calculation process that is undertaken for Binary Options. For example, disruptions in our operational processes such as communications, computersandcomputernetworks,orexternaleventsmay lead to delays in the execution and settlement of a transaction. CORE LIQUIDITY s RISK/COUNTERPARTY RISK AsCoreLiquidityistheCorporate(Authorised(Representative ofgomarketsptyltd,whoisthemarketmakerortheissuer of the Binary Option products described in this PDS, GO MarketsPtyLtdisthecounterpartytoeverybinarycontract. 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 Binary Optionsmarketasaresultofaregulatoryimpediment(for example,gomarketsptyltdceasingtoholdanaustralian( Financial(Services(Licence(( AFSL )orbecauseasicimposes astoporderonthepdsissuedbygomarketsptyltd). GOMarketsPtyLtdmayenterintoarrangementswiththird partyexecutionandclearingprovidersforthefacilitationof transactionsandsettlements,andavailmoniesreceivedfor depositrequirementsandsettlementstosuchprovidersfor thispurpose. Accordingly, clients are indirectly exposed to the financial risksofourcounterpartiesandorganisationswithwhichgo MarketsPtyLtdholdsclient sfunds.ifthefinancialcondition of Core Liquidity or GO Markets Pty Ltd, or assets of our counterpartiesorthepartieswithwhichweholdclientassets deteriorate,thenclientscouldsufferlossbecausethereturn oftheclientcapitalcouldbecomedifficult.inotherwords,in theeventthereisadeficitintheclientmoney(trust)account andcoreliquidityorgomarketsptyltdbecomesinsolvent orisotherwiseunabletopaythedeficiency,thereisarisk thatyoumaynotreceiveallthemoneyheldbygomarkets PtyLtdonyourbehalfinthataccount. 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. Pleasecontactusinwritingattheaddress/eSmailprovided herein,shouldyouwishtoobtainafreebofbchargecopyofgo MarketsPtyLtd. sorcoreliquidity slatestauditedfinancial statementswhichmayassistinyourassessmentofcreditrisk. DEPOSIT EachopenBinaryOptionpositionwillrequireyoutomaintain acertainamountofdepositwithus. Under the Client Agreement, a failure to meet our deposit requirements is an event of default and we have the discretion to immediately refuse or to accept an order requestedbyyou,orcloseoutyourbinaryoptionpositions. You must therefore regularly monitor your own deposit requirementswhentradingbinaryoptions. 11 Product Disclosure Statement Binary Options Core Liquidity Markets

12 PeasenotethatCoreLiquidityreservesthesolediscretionto determinehowmuchdepositisrequired. CLIENT S MONEY YourfundsareheldinCoreLiquidity sclienttrustaccountand arecomingledwiththefundsofallofourotherclients. Subject to the Corporations* Act, your funds kept in Core Liquidity sclienttrustaccountcanbeusedforthepurposes of covering payments for other clients and meeting Core Liquidity s margin requirements with its OTC Derivatives Providers. Thismeansthatyoumaypotentiallysufferlossesasaresult ofdefaultbyanotherclientwheremoneyfromtheclienttrust accountsisappliedtocoverthatclient spaymentobligations. Moreover,youmaynotreceiveallthemoneyheldbyCore Liquidity sonyourbehalfintheclienttrustaccountifthereis a deficit in the client trust account and Core Liquidity becomes insolvent or is otherwise unable to pay the deficiency. CREDIT RISK Binary Options are traded overbthebcounter ( OTC ), which meansthattheyarenottradedviaaregulatedexchangeor market and not covered by the protections for exchanges tradedderivativesarisingfromanydomesticorinternational exchangerules(suchasguaranteeorcompensationfunds). Binary Options are a transaction between you and Core Liquidity.Ourobligationstomakepaymentsinrespectofthe BinaryOptionare unsecured(obligations ofcoreliquidity, whichmeansthatyouaresubjectedtoourcoreliquidity s creditrisk. Ifweweretobecomeinsolvent,itispossiblethatascenario may evolve that we would become unable to meet our financialobligationstoyou. Investors must do their own due diligence and make their own assessment of Core Liquidity s ability to meet its obligationsinrespecttotheabovementionedsituation. POSSIBLE ILLIQUIDITY OF THE MARKET A Liquid marketisonewhichgenerallyhassufficienttrading activity to satisfy both buyers and sellers. An Illiquid market, on the other hand, is generally one in which it is difficulttofindbidsandoffers. Some commodity markets are extremely illiquid. Core Liquidity thus reserves the right to postpone in offering a priceforabinaryoptionuntilamoreliquidmarketdevelops. TERMINATION OF BINARY OPTIONS BEFORE THE EXPIRY TIME Europeanstylebinaryoptionscannotbe closed(out or sold priortotheexpirytime. Therefore, you may not be allowed the flexibility to take advantageofmovementsintheunderlyingmarketandthus, take advantage of a profitable situation and close out, realisingaprofitpriortoexpiry. OPERATIONAL RISKS ThereareoperationalrisksinBinaryOptiontransactions.The operationofyourbinaryoption saccountandthetransaction ofbinaryoptions isreliantonthecontinuingoperationof, amongotherthings,thecoreliquidity straderplatforms,our computers,theinternet,andyourpersonalcomputer. Disruptions, failures or delays in any of these may lead to delays in execution and settlement of Binary Option transactions. While we will endeavour to provide you with access to trade on the Core Liquidity s Trader platforms generally 24 hours a day, from 8:00 AM AEST, Monday, to 7:00 AM AEST, Saturday, there may be disruptions in the availabilityoftheplatforms. 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 If you fail to perform any obligation under your Binary Options, we have extensive powers under our Client Agreement with you to take steps to protect our position including, for example, the power to close out your Binary Optionposition. UndertheClientAgreement,youalsoindemnifyusforcertain 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 to us which could affectyourbinaryoptions. Thesediscretionsinclude: TosettheminimumdepositrequirementtoopenaBinary Option;and TocloseyourBinaryOptionpositions,limitthetotalvalue ofthebinaryoptionsthatyoucanopen,refuseanorder or terminate the agreement between us if certain circumstancesarise,includingwherewe: > decideinourabsolutediscretionandprovidedthat we have given you prior written notice of such decision;or > reasonablyconsideritnecessaryfortheprotectionof ourrightsundertheclientagreement. Pleasenotethatyoudonothavethepowertodirectusinthe exerciseofourdiscretions. INFORMATION WE MAKE AVAILABLE Wemaymakeinformationavailabletoyouthatisgenerated byusorobtainedfromthirdparties.thisincludes,butisnot 12 Product Disclosure Statement Binary Options Core Liquidity Markets

13 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. 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. 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 youmaybeunabletotradeinabinaryoptionproductoffered bycoreliquiditywhendesiredandyoumaysufferalossasa result. 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. Youshouldnotethatyoudonothavethepowertodirectus intheexerciseofourdiscretions. Please also 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 adverseeffectonyourdealingsinbinaryoptiontransactions, as may any regulatory action taken against either Core LiquidityorGOMarketsPtyLtd. NO COOLING OFF There are no coolingsoff arrangements for Binary Option transactions.thismeansthatwhencoreliquidityarranges fortheexecutionofabinaryoptionposition,youdonothave therighttoreturntheproduct,norrequestarefundofthe moneypaidtoacquiretheproduct. 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 whetherdealinginoversthescounterderivativeproducts wouldbreachthoseborrowingandchargingrestrictions; The purpose of dealing in oversthescounter Derivative products in the context of a complying superannuation fund sinvestmentstrategyaswellasthefiduciaryduties andotherobligationsowedbytrusteesofthosefunds; The necessity for a Trustees of a complying superannuationfundtobefamiliarwiththeriskinvolved in dealing in oversthescounter Derivative products and the need to have in place adequate risk management procedurestomanagetherisksassociatedindealingin thoseproducts;and The consequences of including adverse taxation consequencesifasuperannuationfundfailstomeetthe requirementsforittocontinuetoholdcomplyingstatus. 8. Binary Option s Transaction Examples The(examples(below(are(for(illustrative(purposes(only.( The( rates( and( figures( quoted( are( hypothetical( and( do( not( represent(actual(rates(or(figures.( 13 Product Disclosure Statement Binary Options Core Liquidity Markets

14 CALL BINARY OPTION YouareoftheopinionthatEUR/USDwillbeabove1.3331in 60seconds.Youwillattempttobenefitfromthisspeculation by entering into an Up Binary Option with a 60 second ExpiryTime. AssumingthatyourInitialDepositinvestmentisUSD$25,you wouldberequiredtohaveusd$25inequityinyouraccount inordertoenterintothistransaction.ifyoudonothavethe InitialDepositRequirement,theorderwillnotbeacceptedby CoreLiquidity. Upon conclusion of the Binary Option position, if the EUR/USD bid price (as shown in the Binary Option s ticket window)isabovetheopeningpriceof1.3331,youthenmake aprofit. Forexample,iftheEUR/USDrisesandtheEUR/USDisnow quoted at , you will make the following profit: USD $43.75($25plus(75%of$25)). If,attheconclusionofthetrade,theEUR/USDbidprice is equivalent to the opening price of the trade, the trade is considereda draw,andtheoriginaldepositof$25willbe returnedtoyou. However,if,attheconclusionofthetrade,theEUR/USDbid priceislowerthantheopeningprice,youthenlosetheentire USD$25investment. Please note that once a position is closed out, no further depositisrequired. PUT BINARY OPINION YouareoftheopinionthatEUR/USDwillbebelow1.3331in 60seconds.Youwillattempttobenefitfromthisspeculation byenteringintoa Down BinaryOptionwitha60second ExpiryTime. AssumingthatyourInitialDepositinvestmentisUSD$25,you wouldberequiredtohaveusd$25inequityinyouraccount BENCHMARK DESCRIPTION Client Qualification HOWDOESCORELIQUIDITYMEETTHIS BENCHMARK? Becauseofthesignificantrisksinvolved,tradinginBinary Options is not suitable for all investors. Core Liquidity operatesaclientqualificationpolicythatisintendedto ensure that new Australian resident clients are adequately qualified to trade in any product offered through us. Core Liquidity is required to ensure a minimum level of understanding before providing an accounttopotentialclients. To qualify that a potential client does understand the natureandrisksoftradingotcderivatives,coreliquidity requiresthataclientmeetthefollowingcriteria: Theclientcompletesanonlinetestandobtainsapass scoreof70%ormore;or Cansuccessfullydemonstratethat: 1. Has previous trading experience in financial products; 2. Has an understanding of leverage, margins and volatility; inordertoenterintothistransaction.ifyoudonothavethe InitialDepositRequirement,theorderwillnotbeacceptedby CoreLiquidity. Upon conclusion of the Binary Option position, if the EUR/USD bid price (as shown in the Binary Option s ticket window)isbelowtheopeningpriceof1.3331,youthenmake aprofit. Forexample,iftheEUR/USDfallsandtheEUR/USDisnow quoted at , you will make the following profit: USD $43.75($25plus(75%of$25)). If,attheconclusionofthetrade,theEUR/USDbidprice is equivalent to the opening price of the trade, the trade is considereda draw,andtheoriginaldepositof$25willbe returnedtoyou. However,if,attheconclusionofthetrade,theEUR/USDbid price is greater than the opening price, you then lose the entireusd$25investment. Please note that once a position is closed out, no further depositisrequired.( 9. ASIC Regulatory Guide 227 Disclosure Benchmarks ASIC*Regulatory*Guide*227requiresissuersofOTCderivatives toretailinvestorstopublishcertaininformationaddressinga range of disclosure benchmarks. These benchmarks are requiredtobeaddressedonan if(not,(why(not basis,andare intendedtoassistretailinvestorstoproperlyunderstandthe complexity and risks of trading in OTC derivative products, particularlywithregardtoleverage. Thereare7disclosurebenchmarksrequiredtobeaddress,all ofwhichweareoftheview,havebeenmetbycoreliquidity s compliance with each benchmark is addressed in the followingtable: RELEVANTSECTIONSOFTHEPDS Section2 TermsandConditions Section3 Advice Section5 KeyFeaturesofCoreLiquidity sbinary Options Section20 ClientAgreement 14 Product Disclosure Statement Binary Options Core Liquidity Markets

15 Opening Collateral CounterpartyRisk Hedging 3. Hasanunderstandingofthetradingprocessand relevanttechnology; 4. Hasanabilitytomonitorandmanagetherisksof trading;and 5. Hasanunderstandingthatonlyriskcapitalshould betraded Core Liquidity only permits clients to open an Account andtradewithcleared(funds(i.e.transferofcashfrom yourbankingaccounttoyourtradingaccount). PleasenotethatanAccountmaybeopenedwithacash transferfromyourbankaccountbyeftpos,bpay,swift wire,chequeorwithacreditcard(butonlytoamaximum amount of $1,000 for initial deposit from credit cards, frommarch2012).fundsdepositedwithusmaytakeup to three business days or more to clear. It is your responsibilitytoensurethattheamountstransferredto ourtrustaccountareclearedinsufficienttimetomeetall thepaymentobligationsthatyouhaveundertheclient Agreement.Afailuretodosocouldresultinyourorders being cancelled, your Binary Option transactions being closedoutandbeingchargeddefaultinterest.ifyouare notsurehowlongitwilltakeforyourpaymentstoclear, youshouldcontactyourfinancialinstitution. Prior to entry into a Binary Option, you must have sufficientcleared(fundsinyourtradingaccount,which eitherequalsorexceedsthedepositrequirement. Wemaynothedgeaclient spositionorpostthetrade straight( through (known as Straight through Processing,or STP )andinstead,wesetthepricesat whichwearepreparedtodealwithyou. Insomecases,clienttradesare hedged bypassing theequivalentvolumeofinstrumenttradedthroughtoa liquiditypartner,therebymitigatingclientriskresulting from adverse market movements. We also conduct regular surveillance of our clientstosliquidity provider exposuretoensureanydiscrepanciesthatmayariseare corrected as appropriate. This may from timestostime involve bulk purchases of a given currency, security or index with a liquidity partner which are generally infrequentandimmaterialinsize.itisalsoimperativeto mitigatecounterpartyrisk.inanefforttoreducethisrisk, GOMarketsPtyLtdsourcestheirliquidityfromTier1or 2partners. Glossary( Hedging/Hedged:Thebuyingorsellingofatradable instrument, matching the client s trade size and instrument. Liquidity( Partner: A financial institution, Bank or Provider who accepts orderflows directly from GO MarketsPtyLtd,otherwiseknownasacounterparty, hedgingpartnerorliquidityprovider. Client(Risk:Inadvertentexposuretoagivencurrency, security or index through a client s exposure including the potential for the client to default on theirmarginingobligationswithcoreliquidity. Counterparty( Risk: An inadvertent exposure to the financialhealthofacounterparty,otherwiseknown asahedgingpartnerorliquiditypartner/provider. Section2 TermsandConditions Section11 TheBinaryOption saccount Section12 OperatinganAccount Section13 DepositRequirements Section7 RisksofTradingBinaryOptions us/other/legal/ 15 Product Disclosure Statement Binary Options Core Liquidity Markets