Frequently Ask Question
Dengan sistem layanan yang ditawarkan yaitu Kontrak Manage Account selama 1 tahun untuk Retail dan 2 tahun untuk Institutional
Kami telah bekerjasama dengan Axicorp Financial Services Pty Ltd yang telah memiliki regulasi yang jelas dan kredibel tentang keamanan dana klien, berikut pernyataan dari Axitrader Pty Ltd.
Benchmark 5: Client Money
This information is made available by AxiTrader to explain how client money is handled. The purpose is to provide clients with an insight into how client money is segregated and may be utilised by AxiTrader so that clients are better informed to assess the safety of their funds relative to other financial product providers.
Client money is held with Australian Authorised Deposit-taking Institutions (ADIs) in compliance with the Corporations Act Regulations.
Funds are not held in individual segregated accounts but are pooled with other client’s funds. AxiTrader maintains Client Segregated Trust Accounts in a number of currencies for this purpose.
Clients should take care to understand that our holding of client monies in one or more Segregated Accounts does not afford them absolute protection and that in the event of AxiTrader becoming insolvent clients become unsecured creditors of AxiTrader. A further discussion on this topic is available in section 7 of the Product Disclosure Statement and section 23 of the Client Agreement.
AxiTrader currently holds Client Segregated Trust Accounts with the following Banks:
National Australia Bank Limited
St George Bank – A division of Westpac Banking Corporation
As an Australian Financial Services licensee, AxiTrader is permitted to pool client money in one or more accounts and use this money to meet collateral obligations it incurs with its hedge counterparties in relation to client transactions. Importantly, AxiTrader is permitted to deduct the initial margins due from its clients on their open positions for this purpose as well as other monies. We are not permitted to use these funds in any other way in our business.
AxiTrader maintains a Client Money Policy setting out the circumstances under which it is entitled under the Regulations to deduct monies from the Segregated Trust Accounts.
The Policy allows AxiTrader to use money deposited by one client to meet the margin or settlement requirements of another client. The pooling of Client funds in one or more Segregated Accounts in this way exposes clients to the risk of a deficit in the Segregated Account if one client or a group of clients fail to pay money they owe.
To ensure that the balance of funds held in Segregated Trust Accounts at least equals the balance of AxiTrader’s liabilities to its Clients, a daily reconciliation is performed. On the basis of the reconciliation, AxiTrader either pays to or withdraws money from the Segregated Trust Accounts reflecting the net settlement of all obligations to its clients. That reconciliation is subject to independent daily review.
In the event of AxiTrader’s insolvency and in the event that the daily reconciliation and settlement has not been performed, there may be a deficit in the Segregated Trust Accounts. It is for this reason that AxiTrader is required under the conditions of its Australian Financial Services Licence to have and to maintain sufficient financial resources of its own to mitigate the risk of its insolvency
Dapat dilakukan withdrawal setelah kontrak 1 tahun atau 2 tahun tersebut berakhir.