Trading in listed securities
Adviser user guide
Background 2
Setting up trading access 2
Trading through offline panel brokers 3
Accessing the online trading site 3
The trading home page 4
Searching for a client 4
Placing a trade 5
Previewing and clearing orders 7
Amending orders 8
Cancelling orders 9
Submitting your order 9
Price information 10
Making corporate action elections 11
How to log out 12
Can’t access the system? 12
Who to contact 12
1
MoneyOne®adviser and
share trading access
Form updated 19 July 2010
Purpose of this Declaration
The purpose of this declaration is to provide you with access to the online administration and share trading system provided by Oasis Asset Management Limited (Oasis) in relation to specific superannuation products and Investor Directed Portfolio Services (together “Financial Products”) issued by Oasis Fund Management Limited (Trustee/Operator).
This declaration also provides representations, warranties and indemnities from you to Oasis in relation to your conduct in using this online administration and share trading system, which should be read in line with the terms and conditions of access to the Website (Terms and Conditions), which can be accessed via www.moneyone.com.au or by contacting Client Services at [email protected] Further details on Oasis and the online administration and share trading system can be found in the relevant Financial Product’s disclosure document.
Please complete this form in BLOCK CAPITALS using dark ink.
STEP 1. Primary adviser access request
Include details of your adviser code and login code. Adviser name:
Email:
Adviser code: Please tick one: New access request OR Update access Login code:
Share trading#*: share trading access no share trading access (view only)
#If you have multiple adviser codes linked to the one login code, share trading will apply to all adviser codes. STEP 2. Linked user access request
Include details of any office staff or advisers to be linked to the adviser code at Step 1 and provided with MoneyOne access. Applicant 1 name:
User type: office staff adviser (please provide login code) Share trading*: share trading access no share trading access (view only) (office staff only)
Login code: Email: Applicant 2 name:
User type: office staff adviser (please provide login code) Share trading*: share trading access no share trading access (view only) (office staff only)
Login code: Email:
*If you are requesting share trading access to multiple adviser codes please note that share trading or view only access must be identical across all codes. If conflicting information is received you will be granted view only access to all adviser codes.
This step continues on the next page Office use only – adviser code: A Complete this form to establish or amend your access to the online administration system provided by Oasis Asset Management Limited and establish your access to share trading on behalf of your clients.
Setting up trading access
Step 1
Ensure that you have MoneyOne®Online access. If you do not please contact
Client Services, who will arrange this.
Step 2
Complete the ‘MoneyOne adviser and share trading access’ form.
• This form not only allows you to establish share trading for yourself and/or office staff, but also to nominate your office staff to have trading or view only access to your investors’ accounts.
• If you have multiple adviser accounts with one log in 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 log in code. All other advisers and office staff should have their details provided in Step 2 – linked user access request.
• Gaining access to share trading will take approximately three working days once we have received this 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.
Background
Oasis Asset Management Ltd launched a new online direct share trading service on 21 June 2010, which offers real time trading and full web-based corporate action management.
This user guide is designed to show you how to use this service and trade on behalf of your investors. The guide covers shares account establishment, trading and corporate action information.
For more information on the share offering and its features please refer to the relevant Product Disclosure Statement, Financial Services Guide or contact Client Services.
ABC Superannuation & Investment
Share trading facility and adviser authority
Form updated 13 August 2010 Questions? Call Client Services on 1300 000 000
Complete this form to establish a HIN and share trading facility for your account and authorise your adviser to transact in listed securities and managed investments on your behalf.
Please complete this form in BLOCK CAPITALS using dark ink. STEP 1. Investor’s details
Account number:
(if known) Account type: Superannuation OR Pension OR Portfolio Service Title: Mr Mrs Miss Ms Other:
Surname: Given names: Residential address: (mandatory) State: Postcode: Email address:
STEP 2. Dividend election
When completing this step, note that the option you nominate (tick one box only) will apply to all your dividend paying listed securities. Cash Account – All dividends from listed securities will be deposited in your Cash Account (default)* OR
Trading through offline panel brokers
In addition to online trades through the default broker, CES, trades may be actioned through the approved offline panel brokers: • JB Were
• RBS Morgans • Lonsec • Bell Potter
• Shaw Stockbroking
• Morgan Stanley Smith Barney • EL & C Baillieu Stockbroking Ltd • E*TRADE
Points to note when using offline panel brokers
• End-of-day data feeds will be sent to Oasis to update investor accounts and confirm trades, where required.
• All transactions executed through an offline panel broker will incur a third party settlement fee of $20.50 on top of any negotiated brokerage with the broker.
• There are no approved security checks when trading with an offline panel broker. The approved security list is not available on the trading website but is available on MoneyOne®Online. Please note that the adviser may be liable for any trade not considered an
allowable security.
• The trustee may instruct a sell down. The adviser/investor is liable for transaction costs and no compensation for market movement costs will be considered by the administrator or trustee.
• A manual handling fee of $20.50 is charged when settlement requires manual intervention by CES. Any fees incurred for failed trades will be charged back to the adviser.
Accessing the online trading site
Login to MoneyOne®Online using your adviser login code and password. If you have been setup for share trading, you will be a
presented with a ‘Share Trading’ link in the menu options on the left-hand side of the screen.
The trading home page
From trading home page (below), you can choose from a range of different tasks, such as obtaining stock prices, selecting your investors for trading, participate in certain corporate actions, obtaining market commentaries and reviewing a selection of stock and market-related information.
Searching for a client
‘Client Search’ enables a search by investor account number or by investor name. Alternatively, a link is provided to ‘view all clients’. Only those investors who have an individual HIN established against their account will appear in this screen.
To establish a HIN against an existing member account that is not already invested in listed securities, you will be required to complete a ‘Share Trading and Adviser Authority’ form. New members can establish a HIN by completing Step 4 of the ‘Application’ form.
There are three different functions you can perform for an investor from this window:
Clicking on the ‘Graph’ icon will take you to the investor's holdings page, showing all registered CHESS holdings for that investor. Clicking on the ‘Down arrow’ icon will take you directly to an order entry screen, allowing you to place an order for the selected investor (order entry screen shown below).
Clicking on the ‘Face’ icon will take you to an investor details screen, showing a selection of information relating to that investor.
Placing a trade
Available cash balance
Before placing a trade, it is important to ensure that your investors have available cash in their existing cash accounts to place a trade. You can view a member’s cash holdings via the cash liquidity report, currently available on MoneyOne®.
The available cash amount includes the following: • Standard Cash Account minimum
• Plus three months’ insurance premium (super) • Plus three months’ pension payments (pension) • Plus three months’ regular withdrawals (IDPS)
Up-to-date information can also be obtained from the trading site, which provides useful intra-day information on purchases or sales that have already gone through.
Tip – diversification guidelines
You need to be aware of the diversification guidelines for superannuation and pension investors, as follows: • No more than 20% of an investor’s portfolio may be invested in a single listed security.
Placing an order
Click on the icon. The ‘Place Order’ screen will display:
Input your order details including: • Order type – select ‘Buy’ or ‘Sell’ • ASX code
• Quantity
• Price ($) – enter ‘Limit Price’ or accept the ‘Market Price’ by ticking the ‘At Market’ checkbox (refer page 10 for more information about ‘At Market’ orders).
• Order duration – defaults to the maximum 21 days. You can change it to anything less than 21 days by selecting the appropriate date if desired or select ‘Today Only’.
Previewing and clearing orders
When you are satisfied with the order, click on ‘Preview Order’. This will display your order information for a final check before sending to market. Alternatively, you can select ‘Clear’, should you wish to restart the process again.
Tip – non-approved securities
For superannuation and pension investors, only approved securities can be purchased. Trades through the CES trading interface do not allow the purchase of non-approved securities. The full list of approved securities is available for viewing on the Investment Authority.
Amending orders
You can amend any orders that have not been completed by selecting the ‘Amend’ option on the right-hand side of the ‘Review Order Details’ screen.
When you click on the ‘Amend’ button, an ‘Order Amendments’ screen will appear, allowing you to alter any details of the trade. Once the amendment has been completed, you can select ‘Preview Order’ to review the amended trade and submit the order to confirm the trade.
Example – amending orders
Cancelling orders
You able to cancel any orders that have not been completed by selecting the ‘Cancel’ option on the right-hand side of the ‘Review Order Details’ screen.
It cannot be guaranteed, however, that deletions made in this screen will be successfully applied to an open order. This is due to timing issues between the website and the market, for example, while you are completing this screen, the order may be processed in the market. Disclosure is contained at the bottom of the screen to notify users of this. Please read the disclosure carefully. We suggest that advisers contact Client Services to confirm cancellation of online orders.
When you click on the ‘Cancel’ button, a ‘Cancel Order’ screen will appear. The user name is required in the ‘Order Placer’ field. Once the required fields have been completed, you must select ‘Confirm Cancellation’ at the bottom of the screen in order to cancel the order.
If you need to change any details of the order, click on ‘Go Back’ and re-enter the appropriate details.
Submitting your order
Once you have submitted the order, you will be presented with a ‘Trade Accepted’ screen showing your order number.
A warning will be given if the order has been referred to a designated trading representative or the trade has failed.
Price information
You can select from two options using CES, these being ‘At Market’ or ‘At Limit’. 'At Market' orders may only be placed while the market is open.
It is important to note that there is a slightly different method of placing market orders than what some advisers may be used to. CES processes requests as ‘Market at Limit’ orders where the market order converts to a ‘Limit’ order at the current market price.
Example – ‘Market at Limit’ order
An adviser, Steven Stevenson, wants to place an order for his investor, Bob Brown, to purchase 500 CBA shares at market.
Market depth is as follows:
Once Steven selects the ‘Submit Order’ button, the system will locate the lowest price at which someone is willing to sell. In this example, it is 250 shares at $38.35.
At this point, the system will convert the ‘Market’ order to a ‘Limit’ order, based on the price that the initial purchase was transacted, being $38.35.
If there are no other shares trading at $38.35, the
transaction is only partially filled and an open order for 250 shares at $38.35 would remain.
Sell (offer)
Price Quantity
$38.35 250
$38.36 500
$38.38 1000
Another alternative for advisers is to check the market depth prior to placing the order and selecting an ‘At Limit’ order for an alternative amount to ensure the trade is completed immediately.
For example, in the above case, you could select an ‘At Limit’ order of $38.36. This would enable the investor to receive the first 250 shares at $38.35 and the remaining 250 shares at $38.36.
‘At Market’ order
'At Limit' orders can be placed at any time and limit the highest price that the investors will pay to buy or lowest price the investors will accept to sell.
Making corporate action elections
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.
On this screen, you will see a list of corporate actions applicable for your investors. To accept or decline a corporate action, please follow the below steps:
Click on ‘Adviser’ on the top of the screen and choose the ‘Entitlements’ list.
Click on stock in which you wish to participate.
Entitlements will display a list of members in that corporate action. From this screen, you can ‘decline’ or ‘accept’ rights followed by ‘submit’.
How to log out
You can exit from the online share trading website by selecting the ‘Log Out’ tab from the menu at the top of the screen.
The following screen will then appear:
Can’t access the system?
In the situation where you are unable to access the trading site via MoneyOne®Online, please contact Client Services.
