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Updates to the Financial Services Guide (FSG) effective 13 November 2023.

The following updates have been made to the Financial Services Guide (FSG) effective 13 November 2023.

Section

New wording added

PART A – FINANCIAL SERVICES GUIDE

The AUSIEX International Markets service ("International Markets") is an international share trading, nominee and custody service provided by Australian Investment Exchange Limited ("AUSIEX") ABN 71 076 515 930, AFSL 241400. By accepting a custody service from AUSIEX, you agree that your international securities won't be held by you separately, but may be held in an account with securities owned by other customers. A ledger will record your beneficial interest in the international securities. Before investing in international shares, you should read the AUSIEX International Markets Trading Terms and Conditions. Please contact us to obtain a copy.

Some risks associated with investing

Some risks when investing in international shares can be:

  • Foreign currency risk as international security and currency exchanges can be relatively volatile;
  • An international custodian may be subject to risk arising from change to the political, legal, regulatory or commercial environment of that country;
  • Political and regulatory risk may affect your ability to buy and sell securities in a foreign market.

ADVISER PART B – SCHEDULE OF FEES TO AUSTRALIAN INVESTMENT EXCHANGE LIMITED

International Markets

Before investing in international securities you should read the AUSIEX International Markets Trading Terms and Conditions and available product information on our website.

Other product offerings resulting in an ongoing fee

International Markets Fees and Charges

A. Trading in international securities

Our primary source of income from the AUSIEX International Markets service is from the brokerage paid on transactions made through your Australian Financial Service Licensee (Adviser) and other Companies when using our services. These can generally range from 0.08% to 0.55% depending on the exchange where the relevant security is traded, subject to a minimum charge of US$15. Remaining charges over and above our minimum brokerage will be paid to your Adviser and attributed to any additional advice fees and/or service fees charged to you by your Adviser (where applicable). Refer to your Adviser for further details.

Unless otherwise indicated, where a fee or charge is expressed as a percentage, it refers to a percentage of the transaction value.

Note that brokerage, exchange fees, and foreign taxes may be charged to you in foreign currencies. Levied amounts may be charged to you in the foreign currency or converted to Australian Dollars at the applicable market rate.

Where an order for an International Security remains partially filled for more than one trading day, you will be charged at least the minimum fee(s) for each day a transaction is executed in respect of that order until the order is completely filled.

B. Market fees

There may be additional charges depending on the exchange being traded on and the type of investment. These are in addition to the brokerage charge and are passed on at cost.

Please note these fees may change. For an up-to-date schedule of fees visit www.international.ausiex.com.au. May be subject to additional local exchange fees.

C. Exchange rate conversion:

In respect of any foreign exchange conversion AUSIEX undertakes on your behalf, AUSIEX may charge you a spread 0.60% calculated on the transaction value.

D. International Markets miscellaneous fees and charges

Amounts are in Australian dollars (AUD/AU$) unless otherwise stated.

Custody Fee

0.06%p.a. of the value of securities at the end of each trading day held through us or our International Custodian, will be calculated on a daily basis and billed monthly.

The Custody Fee will be calculated in the base currency of the holding(s). The Currency Conversion fee (below) will then also apply, also calculated on the base currency value of the holding(s). The total Custody Fee amount will then be charged to you in Australian dollars.

Currency Conversion

0.60%p.a. charged for each execution or transfer involving a currency conversion, applied at the time of conversion, not at the time of placing the order.

Exchange/Regulatory Fees

At cost

Algorithmic Trading

0.02% per trade, on top of standard charges for trade execution.

Transfer Out Fee

$30 per International Security Identification Number (ISIN).

Price Change Fee

$17 per security parcel transferred in where you subsequently request a change to the cost base pricing record on the portfolio platform.

Partial Allocation Fee

$17 per specific security where part of a position is moved between accounts.

Realignment of Delisted Security

$325 per security where it has been delisted at one exchange and re-registered at another.

Manual Registration of Securities

$325 per security where an exchange requires manual registration.

Manual Order Execution

$25 per manual trade order executed on your behalf.

E. Example of a sell trade in US Market

You wish to sell 200 units of Stock A at a price of US$100 per unit. The applicable brokerage on your account is 0.08% of the transaction value, subject to a minimum of US$15. Therefore, the brokerage on this trade would be US$16 (being 0.08% of US$20,000)

Assume, for example, $1 Australian is buying 65 US cents. Exchange rates are subject to market conditions and may change at any time.

The sell trade is executed for 200 shares x US$100, being US$20,000 is equal to AU$30,769.23 (US$20,000/AU$0.65).

Brokerage charged is 0.08% of US$20,000, being US$16, equivalent to AU$24.62.

If your account is established as an AUD account, proceeds from sell trades will be automatically converted to Australian Dollars and you are charged a Currency Conversion fee of 0.60%, equal to US$120 or AU$184.62.

As this was a sell trade in a US market the SEC Clearing Fee, which is a regulatory fee, is applicable and included in the trade automatically. The current charge is the equivalent of US$8 per million dollars, or 0.0013%.

Total proceeds

US$20,000

Plus Brokerage

US$16

Plus Currency Conversion fee

US$120

Plus SEC Clearing Fee

US$0.26

Total Cost

$19,864.26

Total Cost converted

A$30,560.40

Note the above example is for illustrative purposes only as fees and exchange rates may vary.

F. Example of a buy trade in US Market

You wish to buy 200 units of Stock B at a price of US$100 per unit. The applicable brokerage on your account is 0.08% of the transaction value, with a minimum of US$15, therefore US16 is the applicable brokerage on this transaction (being 0.08% of US20,000).

Assume, for example, $1 Australian is buying 65 US cents.

The buy trade is executed for 200 shares x US$100, being US$20,000 equal to AU$30,769.23.

If your account is established as an AUD account, payment for buy trades are automatically converted from Australian Dollars at the time of execution and you are charged a Currency Conversion fee of 0.60%, equal to US$120 or $184.62 in Australian Dollars.

Brokerage charged is 0.08% of US$20,000, being $US$16, equivalent to AU$24.62.

Total proceeds

US$20,000

Plus Brokerage

US$16

Plus Currency Conversion fee

US$120

Total Cost

US$20,136

Total Cost converted

A$30,978

Note the above example is for illustrative purposes only as fees and exchange rates may vary.

Other Fees

Added: Foreign Tax – At cost incurred

Published: 13 November 2023