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CMT - Interest and Exchange Rates
29/03/2020 03:31a.m.
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Cash Management Trust Account
The exchange rates displayed below are current indicative midpoint rates applicable only to the transfer of funds between currencies in the Cash Management Trust (CMT) account. To view the exchange rates that are applicable to share trading transactions that require funds to be converted to or from another currency,
click here.
Transfer from:
NZD
SEK
AUD
GBP
EUR
CHF
HKD
SGD
USD
CAD
JPY
NOK
Indicative Cash Transfer Rates
Transfer to
Exchange Rate
NZD
1.0000
SEK
5.9032
AUD
0.9703
GBP
0.4805
EUR
0.5368
CHF
0.5692
HKD
4.6379
SGD
0.8538
USD
0.5983
CAD
0.8370
JPY
64.56
NOK
6.2748
Current Interest Rates
Currency
Daily Balance
Interest Rate
NZD
up to 14,999.99
0.25% p.a.
15,000.00 to 49,999.99
0.25% p.a.
50,000.00 to 199,999.99
0.50% p.a.
200,000.00+
0.50% p.a.
SEK
0.00% p.a.
AUD
up to 14,999.99
0.00% p.a.
15,000.00 to 49,999.99
0.00% p.a.
50,000.00 to 199,999.99
0.05% p.a.
200,000.00+
0.10% p.a.
GBP
0.00% p.a.
EUR
0.00% p.a.
USD
0.00% p.a.
SGD
0.00% p.a.
CHF
0.00% p.a.
HKD
0.00% p.a.
CAD
up to 14,999.99
0.12% p.a.
15,000.00 to 49,999.99
0.12% p.a.
50,000.00 to 199,999.99
0.12% p.a.
200,000.00+
0.12% p.a.
JPY
0.00% p.a.
NOK
0.00% p.a.
FAQs
Deposit Funds
Exchange Rates and Margin Fees
Foreign exchange rate 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 or 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 purchased currency amount.
The midpoint rate is derived from wholesale buy and sell rates quoted by foreign exchange market participants and which are compiled by a supplier of financial market data.
The exchange rate, or rates, for a particular deposit will be those applicable at the time and date at which the deposit is made. The exchange rates displayed above are an indication of the midpoint only and are refreshed from time to time throughout the day.
Interest Rates
The currency interest rates set out above are annual interest rates, calculated daily and paid monthly.
Account holders of an Cash Management Trust Account (CMT) may be paid interest depending on
1. The overnight balance deposited in the account
2. The prevailing official and wholesale interest rates of each currency
Jarden will set interest rates. Interest rates will be guided by the official interest rate from the issuing central bank of the currency and will vary from time to time depending on market conditions.
To view the actual currency interest rate(s) applicable at that time to the On Call Currency Accounts into which they have made deposits, account holders should log on and access the Account Balances. Rates will be shown only for currencies in which deposits have been made.
