Macquarie Prime Facility CFD Questionnaire



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Transcription:

Macquarie Prime Facility CFD Questionnaire This form only needs to be completed you are applying for a CFD account. Please note that all account signatories must sign this form. In order for Macquarie to issue you with a CFD account you must meet the minimum qualification criteria. Please refer to the Macquarie Prime CFD PDS (Section 1) for further information. Please answer each question by ticking only one box per question. Checklist THIS FORM Macquarie Prime Facility Application Additional Features Application Form Share Transfer and Refinance Form CFD Qualification Questionnaire All applicants applying for a Macquarie Prime Facility must complete this form. Only applicants wishing to apply for a Loan Facility, CFDs or short selling are required to complete this form. Applicants wishing to transfer stock from another broker or refinance an existing loan must complete this form. Only applicants applying for a CFD Trading Facility are required to complete this form. Please ensure all questions are answered by checking only one box per question, this form is signed and then return to: Macquarie Prime, PO Box 3466, Sydney NSW 2001

2 of 5 1 Minimum Qualification Questions Section 1: Trading and investment experience Question 1: Have you traded shares in the last three years? Please give us details of your trading below. Regularly (more than 10 trades) Occasionally (6-10 trades) Rarely (1-5 trades) Never Question 2: Have you traded over the counter derivatives (that is, derivatives that are not listed on an exchange) in the last three years? Regularly (more than 10 trades) Occasionally (6-10 trades) Rarely (1-5 trades) Never Section 2: Understanding of leverage, margins and volatility Question 3: Which of the following statements best describes a product that experiences volatility? The price of a product fluctuates in a very wide range within a short period of time The price of a product fluctuates in a very narrow range within a long period of time Neither of the above Question 4: If the margin rate for a BHP share CFD is 10%, and you buy 100 of them at $40 each, how much of your Available Funds will be required as margin? $200 $400 $4,000 Question 5: Which of the following statements is INCORRECT about trading on margin: You do not need to deposit the full value of the product You cannot lose more than you invest Profits and losses are magnified in relation to your initial outlay

3 of 5 Section 3: Understanding the nature of CFD Trading Question 6: What is the relationship between BHP shares and BHP share CFDs? BHP shares are the underlying asset and the CFDs are the derivatives BHP shares are the derivatives and the CFDs are the underlying asset They are the same Question 7: When purchasing CFDs, what is the typical waiting period for the delivery of the underlying asset? One month Three working days CFDs do not entitle the buyer/seller to any right to the underlying asset Section 4: Understanding trading processes and technologies Question 8: Which of the following statements best describes a stop loss order? It is an order that will prevent you making a loss on an open position It is an order that seeks to limit the loss made on an open position It is a request to close your account Question 9: What actions do you need to take if your available funds go below zero: You are in margin breach so you need to rectify the breach as soon as possible and in some cases immediately No action is required; however no new positions can be opened No action is required as the market may move in your favour

4 of 5 Section 5: Preparedness to monitor and manage the risks of trading Question 10: The margin that I need to post in order to secure my CFD position may change: Every 20 minutes, whilst the stock exchange is trading Once a day, at the close of trading on the stock exchange At any time Question 11: How can I monitor my CFD positions? As your CFD positions will be held with Macquarie and you will have a bank account with Macquarie, there is no need to monitor your CFD positions You can monitor your CFD positions by checking the ASX website You can monitor your CFD positions by contacting your financial adviser or by logging on to your Macquarie Prime Facility through the internet 2 Signatures This section must be signed by all account signatories for your application to be processed. Signature 1: Signature 2: Name: Name: Date: Date:

5 of 5 3 Next steps Once you have completed this form, ensuring that all questions are answered by ticking one box only, and all signatories to the facility have signed at section 2 above, please return the signed form together with the Macquarie Prime Additional Products Application Form to: Macquarie Prime PO Box 3466 SYDNEY NSW 2001 If you have any questions, or would like assistance with your application, please contact the Macquarie Prime Client Service Team on 1800 187 434.