| DIY Call Account Internet Rates |
Brokerage |
|
Call account internet rates are only available to
Direct Broking call account holders with sufficient cleared call account funds
available to fully cover the purchase of securities prior to submission of the
order. |
|
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| For trades for New Zealand listed securities (other than
debt securities) with a trade value of up to NZ$15,000 |
NZ$29.90 |
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| For trades for New Zealand listed securities (other than
debt securities) with a trade value exceeding NZ$15,000 |
|
|
|
| (i) for the first NZ$15,000; plus |
NZ$29.90 |
|
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| (ii) for the portion of the trade value exceeding
NZ$15,000 |
0.20% |
|
|
| Trades for Australian listed securities with a trade value
of up to AU$30,000 |
AU$29.00 |
|
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| For trades for Australian listed securities with a trade
value exceeding AU$30,000: |
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|
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| (i) for the first AU$30,000; plus |
AU$29.00 |
|
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| (ii) for the portion of the trade value exceeding
AU$30,000 |
0.30% |
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| DIY Standard Internet Rates |
Brokerage |
|
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| Trades for New Zealand listed securities (other than debt
securities) |
NZ$29.90 plus 0.40% |
|
| Trades for Australian listed securities |
0.70% or AU$40.00
(whichever is
greater) |
|
| Telephone Rates |
|
Brokerage |
|
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| Trades for New Zealand listed securities (other than debt
securities) with a trade value of up to NZ$50,000 |
0.80% or NZ$30.00
(whichever is
greater) |
|
| For trades for New Zealand listed securities (other than
debt securities) listed with a trade value exceeding NZ$50,000: |
|
|
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| (i) for the first NZ$50,000; plus |
0.80% |
|
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| (ii) for the portion of the trade value exceeding
NZ$50,000 |
0.40% |
|
|
| Trades for Australian listed securities with a trade value
of up to AU$30,000 |
0.70% or AU$40.00
(whichever is
greater) |
|
| For trades for Australian listed securities with a trade
value exceeding AU$30,000: |
|
|
|
| (i) for the first AU$30,000 plus |
0.70% |
|
|
| (ii) for the portion of the trade value exceeding
AU$30,000 |
0.50% |
|
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| One Off Sales Rates |
|
Brokerage |
|
|
| Trades for New Zealand listed securities (other than debt
securities) |
1.25% or NZ$60.00
(whichever is
greater) |
|
| Trades for Australian listed securities |
1.25% or AU$60.00
(whichever is
greater) |
|
| Fixed Interest Investments – Telephone Rates |
|
Brokerage |
|
|
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| Trades for New Zealand listed and unlisted debt securities
with a trade value up to NZ$50,000 |
0.50% or NZ$30.00
(whichever is
greater) |
|
| Trades for New Zealand listed and unlisted debt securities
with a trade value over
NZ$50,000: |
|
|
|
| (i) for the first NZ$50,000; plus |
0.50% |
|
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| (ii) for the portion of the trade value exceeding
NZ$50,000 |
0.35% |
|
|
| Trades for Australian listed and unlisted debt securities
with a trade value up to AU$50,000 |
0.50% or AU$30.00
(whichever is
greater) |
|
| Trades for Australian listed and unlisted debt securities
with a trade value over
AU$50,000: |
|
|
|
| (i) for the first AU$50,000; plus |
0.50% |
|
|
| (ii) for the portion of the trade value exceeding
AU$50,000 |
0.35% |
|
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| Fixed Interest Investment Rates – Internet Rates |
|
Brokerage |
|
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| Trades for debt securities listed on the NZDX with a trade
value of up to NZ$50,000. |
0.50% or NZ$30.00
(whichever is
greater) |
|
| Trades for debt securities listed on the NZDX with a trade
value over NZ$50,000: |
|
|
|
| (i) for the first NZ$50,000 plus |
0.50% |
|
|
| (ii) for the portion of the trade value exceeding
NZ$50,000 |
0.35% |
|
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| NZ Trade Fees |
Trade Fee |
|
A trade fee applies to all trades where NZX
telephone orders are given to Direct Broking, and to all Fixed Interest
Investment orders. The trade fee is in addition to brokerage and other fees and
charges. |
|
|
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| NZX Telephone Rates – Trades for New Zealand securities
that are listed on the NZX |
NZ$5.50 per trade |
|
| Fixed Interest Investments – Trades for listed and
unlisted debt securities issued in New Zealand |
NZ$5.50 per trade |
|
| International Brokerage Rates -
Certificated |
Brokerage |
|
|
|
| Certificated Trades for securities listed on the United Kingdom stock
exchanges. |
2% or GB£75.00
(whichever is
greater) |
|
Note: Stamp Duty on UK
purchases: 0.50% of the trade value before
brokerage. |
|
|
Certificated sell trades for securities listed on the
United States stock exchanges.
|
2% or US$150.00
(whichever is
greater) |
| Note: The purchase of any US
securities must be conducted through our Custody
service. |
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| US Custodial Trading Rates |
Brokerage |
|
Approved NYSE, NASDAQ and AMEX Listed Securities. |
|
|
|
| US Telephone and Internet Rates, per trade for each trade |
0.6% or US$69.50
(whichever is
greater) |
|
| An order, if filled completely, must result in
a custodial position either worth greater than US$500.00 (for both buys and
sells) or worth US$0.00 (in case of a sell). |
|
| UK Custodial Trading Rates |
Brokerage |
|
Approved LSE Listed Securities, trading in GBP, EUR
and USD. |
|
|
|
| UK Telephone and Internet Rates, per trade for each trade |
0.6% or £69.50
(whichever is
greater) |
|
Orders for listed securities denominated in
currencies other than GBP on the LSE will be charged as follows
-
For Euro denominated securities, €95 per trade; and
-
For US denominated securities, US$140 per trade; or
-
0.6% of the trade value, in each case whichever is the greater amount
|
|
| Stamp duty will apply on all UK buy orders. UK
stamp duty is currently 0.5% of the value of any transaction resulting in
a change of beneficial ownership.
|
|
An order, if filled completely, must result in
a custodial position either:
-
Worth greater than £500.00, €500.00 or US$500.00 depending on the
currency the security is trade in (for both buys and sells); or
-
Worth £0.00, €0.00 or US$0.00 (in the case of a sell)
|
|
| US/UK Custodial Administration Fees |
Fee |
|
|
|
US custody fees, charged on aggregate holdings.
Value calculated daily and charged following the end of each month |
0.5% per annum
(total holding) |
|
UK custody fees, charged on aggregate holdings.
Value calculated daily and charged following the end of each month |
0.5% per annum
(total holding) |
|
Fee Minimum
For each six month period, a minimum custody fee applies if the aggregate of
custody fees plus brokerage and trade fees (for securities held in custody)
does not exceed $60 in that six month period.
The six month period begins on 31 March and 30 September each year. |
NZ$60.00 |
|
| Electronic transfer of securities into Direct Broking
Limited Custody |
No charge |
|
| Electronic transfer of securities out of Direct Broking
Limited Custody |
NZ$100.00 per security |
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Foreign exchange charges will be incurred on all transactions that require funds to be converted to or
from another currency. For the purposes of conversion into or from one currency to another, the exchange
rate used by Direct Broking will be a midpoint rate with a currency conversion margin of an amount up to
1.50% of the overseas currency amount. The midpoint rate is derived from wholesale buy and sell rates
quoted by foreign securities exchange market participants and which are compiled by a supplier of financial
market data.
The exchange rate or rates for a particular transaction will be those applicable at the time at
which and on the date at which the contract note for the trade is generated. The exchange rate
displayed here is an indication of the midpoint only and is refreshed from time to time throughout the day. |
|
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| Foreign Exchange Item Description |
|
Rate |
|
|
|
| Current midpoint NZDAUD |
0.7647 |
|
| Current midpoint NZDUSD |
0.7004 |
|
| Current midpoint NZDGBP |
0.4651 |
|
| Current midpoint NZDEUR |
0.5116 |
|
| Foreign Exchange Margin |
Currently up to 0.89% |
|
