Direct share trading - MoneyOne

Features for advisers' clients

• Each client will be allocated an individual HIN, enabling full entitlement to corporate actions approved by Oasis.
• Super/pension clients – Access to 200 or Australian Securities Exchange (ASX) listed shares, generally based on the S&P 200.
• IDPS clients – access to all securities listed on the ASX, including warrants.
• Ability to participate in issuer’s Dividend Reinvestment Plan (DRP) where available.
• Trades will be settled by applying funds from the client’s cash account.
• Contra trading supported – i.e. proceeds from sales can be used to fund purchases before the settlement money is received.
• Advisers can trade via either the online broker or via one of the following supported external panel brokers (via phone/fax): JB Were, RBS Morgans, Bell Potter, Shaw Stockbroking, Morgan Stanley Smith Barney and Lonsec.
• Online corporate action election and participation (advisers only - investors with trading access will not have access to this feature).

Who is CES?

Structure

• Individual accounts will be held by the custodian, with a separate account established for each member or investor.
• The underlying registration of the account and HIN will be in the name of the custodian. All holdings are CHESS broker-sponsored. CES is the sponsoring broker (including all trades executed by an external panel broker).
• Oasis will provide adviser details to CES in order for the adviser to be given access to the share trading facility.

Adviser licensing and authorisation

• Advisers must be appropriately licensed through their dealer to provide advice and deal in listed securities and/or warrants.
• New investors will be required to provide their adviser with standing authority to submit trading instructions on their behalf.
• Before submitting an investment instruction on behalf of an existing client, the adviser must ensure that he or she is appropriately authorised by the client to submit that instruction. The adviser must also keep a record of that authority.

Adviser trading access

• This form not only allows you to establish share trading for yourself and/or office staff, but also allows you to nominate your office staff to have [trading or view only] access to your investors' accounts.
• If you have multiple adviser accounts with one login code, share trading will be available on all adviser codes.
• If you have a corporate account, you will need to provide the adviser name who will be using the corporate account login code. All other advisers and office staff should have their details provided in step 2 - linked user access request.
• Accessing share trading will take approximately three working days once we have received the form.

• Step 3: Complete the 'Share trading facility and adviser authority' form for any existing investors for whom you wish to perform share trading. For new investors, complete the 'Listed securities nomination and dividend election' section of the individual application form.

Additional features

• Margin lending is available on IDPS share trading accounts through Colonial First State. Other margin lenders may be supported in the future.

How do advisers place orders?

• Advisers will trade using an online trading platform.
• Advisers will access the share trading site via MoneyOne®. No second login required.
• Orders will be placed online by advisers and/or their office staff and processed immediately by CES.
• Advisers will be able to view their clients’ available funds on the website (based on the balance as at start of day), as well as CHESS asset holdings.
• Advisers must trade using clients’ available cash. However, contra trading is supported so proceeds from sales can be used to fund purchases before the settlement money is received.
• MoneyOne® share balances will be updated overnight, but reflected immediately on the share trading website.
• Trades in super and pension will be subject to the trustee’s diversification guidelines (no more than 60 per cent of an investor’s portfolio invested in securities / no single security to make up more than 20 per cent of an investor's portfolio) and approved security restrictions (200 of the largest shares on the ASX). Confirmation of trades will be sent to advisers.
• Trades in managed funds will continue to be processed offline using Oasis' standard switch forms.

• Advisers can use external panel brokers (as per the previous list) for access to advice and trading for listed securities where required.
• End of day data feeds will be sent to Oasis to update investor accounts.
• Trades in super and pension will be subject to the trustee’s diversification guidelines (no more than 60 per cent of an investor’s portfolio invested in securities / no single security to make up more than 20 per cent of an investor's portfolio) and approved security restrictions (200 of the largest shares on the ASX).

• Advisers will receive email notification of corporate actions that can be actioned on behalf of an investor. Reminder emails are also sent closer to corporate action close dates.
• Advisers complete corporate actions online via the MoneyOne® website. Where no election is made the default action will apply.
• Advisers can submit corporate action instructions in bulk for their clients or customise elections for each entitled investor.
• New transaction types will be created for corporate actions to provide more meaningful client reporting.

• Shares are excluded from the investment instructions. Any amounts to be invested into shares should be allocated to the cash account first.
• Shares are excluded from automatic rebalance and reweight.
• Advisers will be instructed to allocate cash in excess of the standard cash account limit to use for share trading.
• Ongoing instructions will be set at 100 per cent cash (default strategy).
• Shares are excluded from the quarterly cash account top up process.