It is possible to gain access to increased leverage if you qualify as an elective professional client. You have two paths available to qualify:
Sophisticated investor
Requirement 1:
- You have placed a minimum of 20 leveraged derivative trades per quarter for at least 4 quarters in the preceding 2 years with a notional value of AUD $500,000 or more in each quarter OR
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You have worked in the financial services industry for at least 1 year in a position which requires experience or knowledge of derivatives and leveraged trading
Requirement 2:
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You have passed our short assessment to demonstrate your knowledge and experience
In terms of Section 761GA we may categorise you as a Wholesale Client if we are satisfied on reasonable grounds that you have experience and can assess:
• the merits of the product or service;
• and the value of the product or service;
• and the risks associated with holding the product;
• and your own information needs;
• and the adequacy of the information we have given you.
Wealth
Requirement:
- You have net assets* of at least AUD $2.5 million OR
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You have had a gross income of at least AUD $250,000 a year for the last 2 financial years
If you meet the above criteria, then we may consider categorising you under Section 761G(7) of the Corporations Act 2001 (Cth) as a Wholesale Client; however, please note that this criteria is subject to you providing us with a certificate from a Qualified Accountant.
*Net assets may include:
• Savings, shares and property/land investments
• Superannuation and trusts
• Other assets such as cars and caravans
• Business value
For details of the leverage available to professional clients, please refer to the following page on our website.