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CMT - Interest and Exchange Rates

15/08/2022 01:52p.m.
NZ/AU Markets   
Exchange Traded Funds   
NZ Fixed interest   
New Issues
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:
Indicative Cash Transfer Rates
Transfer to Exchange Rate
NZD 1.0000
SEK 6.5226
AUD 0.8976
GBP 0.5268
EUR 0.6229
CHF 0.6019
HKD 5.0087
SGD 0.8762
USD 0.6391
CAD 0.8166
JPY 85.14
NOK 6.1229
Current Interest Rates
Currency Daily Balance Interest Rate
up to 14,999.991.45% p.a.
15,000.00 to 49,999.991.75% p.a.
50,000.00 to 199,999.992.25% p.a.
200,000.00 to 999,999.992.25% p.a.
1,000,000.00 to 2,999,999.992.25% p.a.
3,000,000.00+2.25% p.a.
SEK 0.00% p.a.
up to 14,999.991.20% p.a.
15,000.00 to 49,999.991.20% p.a.
50,000.00 to 199,999.991.30% p.a.
200,000.00 to 999,999.991.30% p.a.
1,000,000.00 to 2,999,999.991.30% p.a.
3,000,000.00+1.30% p.a.
up to 14,999.991.20% p.a.
15,000.00 to 49,999.991.20% p.a.
50,000.00 to 199,999.991.25% p.a.
200,000.00 to 999,999.991.25% p.a.
1,000,000.00 to 2,999,999.991.25% p.a.
3,000,000.00+1.25% p.a.
EUR 0.00% p.a.
up to 14,999.991.35% p.a.
15,000.00 to 49,999.991.35% p.a.
50,000.00 to 199,999.991.60% p.a.
200,000.00 to 999,999.991.60% p.a.
1,000,000.00 to 2,999,999.991.60% p.a.
3,000,000.00+1.60% p.a.
SGD 0.00% p.a.
CHF 0.00% p.a.
HKD 0.00% p.a.
CAD 0.00% p.a.
JPY 0.00% p.a.
NOK 0.00% p.a.


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.