Exchange Trading Options
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT
SCHEDULE DATED 26 MAY 2015 RELATING TO THE PRODUCT DISCLOSURE STATEMENT DATED 26 MAY 2015 FOR CONTRACTS FOR DIFFERENCE ISSUED BY HALIFAX NEW ZEALAND LIMITED
HALIFAX NZ Schedule to Product Disclosure Statement 1
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ANNEXURE A: List of markets and exchanges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ANNEXURE B: List of market indices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ANNEXURE C: Default liquidation thresholds for trading platforms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ANNEXURE D: Commision levels . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
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ANNEXURE E: Fee schedule in respect of financing charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
2 HALIFAX NZ Schedule to Product Disclosure Statement
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT 1. Introduction This is a Schedule to the product disclosure statement (PDS) dated 26 May 2015 for exchange traded option (ETO) contracts issued by Halifax New Zealand Limited (Halifax). It is incorporated by reference into the PDS and is subject to the terms of the Client Service Agreement. Capitalised terms used in this Schedule have the meaning given to them in the PDS. When we use the terms ‘Halifax’, ‘we’, ‘our’ or ‘us’ in this Schedule, the reference is to Halifax. When we use the term ‘you’ we mean you as the applicant for, or holder of, the ETOs described in the PDS and this Schedule. When we refer to ‘client’ we mean you, or another applicant for, or holder of, the ETOs described in the PDS and this Schedule.
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To the extent permitted by law, neither Halifax nor its affiliates accepts any responsibility for errors or misstatements, negligent or otherwise, nor for any direct, indirect, consequential or other loss arising from any use of this document and/or further communication in relation to it.
HALIFAX NZ Schedule to Product Disclosure Statement 3
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT ANNEXURE A:
Exchange
Website
Australian Securities Exchange
www.asx.com.au
Athens Exchange
www.ase.gr
NYSE Euronext Brussels
www.beurs.be
Budapest Stock Exchange
www.bse.hu
NASDAQ OMX Copenhagen
www.nasdaqomxnordic.com
Deutsche Borse (Frankfurt Floor)
www.boerse-frankfurt.de
Deutsche Borse (XETRA)
www.xetra.com
Hong Kong Exchange
www.hkex.com.hk
NASDAQ OMX Helsinki
www.nasdaqomxnordic.com
NYSE Euronext Lisbon
www.euronext.com
London Stock Exchange
www.londonstockexchange.com
Borsa Italiana/Milan Stock Exchange
www.borsaitaliana.it
NASDAQ
www.nasdaq.com
NASDAQ (Small Cap)
www.nasdaq.com
New York Stock Exchange
www.nyse.com
New York Stock Exchange (ARCA)
www.nyse.com
Oslo Stock Exchange
www.oslobors.no
NYSE Euronext Paris
www.euronext.com
Prague Stock Exchange
www.pse.cz
Singapore Exchange
www.sgx.com
BME Spanish Exchanges
www.bolsamadrid.es
NASDAQ OMX Stockholm
www.nasdaqomxnordic.com
Toronto Stock Exchange
www.tmx.com
TSX Venture Exchange
www.tmx.com
Tokyo Stock Exchange
www.jpx.co.jp
Vienna Stock Exchange
en.wienerborse.at
Warsaw Stock Exchange
www.gpw.pl
4 HALIFAX NZ Schedule to Product Disclosure Statement
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LIST OF MARKETS AND EXCHANGES
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT ANNEXURE B: LIST OF MARKET INDICES Australia 200 Belgium 20 Denmark 20 Germany 30 Germany Mid-Cap 50 Germany Tech 30 Hong Kong Index UK 100 UK 250
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Italy 40 Netherlands 25 US Tech 100 NAS Dow Jones US 30 Wall Street Norway 25 France 40 EU Stocks 50 Spain 35 Sweden 30 Switzerland 20 Japan 225
HALIFAX NZ Schedule to Product Disclosure Statement 5
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT ANNEXURE C: DEFAULT LIQUIDATION THRESHOLDS FOR TRADING PLATFORMS DEFAULT LIQUIDATION THRESHOLD
Halifaxonline
150%
Trader Workstation
100%
Meta Trader 4
100%
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TRADING PLATFORM
6 HALIFAX NZ Schedule to Product Disclosure Statement
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT ANNEXURE D: COMMISION LEVELS
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Halifaxonline Option
Commission (per lot)
Minimum Commission (per lot)
Maximum Commission (per lot)
AUD
AUD 8
AUD 6
AUD 55
CAD
CAD 6
CAD 5
CAD 55
EUR
EUR 6
EUR 5
EUR 55
GBP
GBP 11
GBP 5
GBP 55
HKD
HKD 55
HKD 30
HKD 500
JPY
JPY 1050
JPY 750
JPY 5000
SEK
SEK 75
SEK 10
SEK 350
USD
USD 6
USD 5
USD 55
Trader Work Station
Option
Commission (per lot)
Minimum Commission (per lot)
Maximum Commission (per lot)
AUD
AUD 9
AUD 6
AUD 55
CAD
CAD 8
CAD 5
CAD 55
CHF
CHF 8
CHF 5
CHF 60
EUR
EUR 6
EUR 3
EUR 55
GBP
GBP 5
GBP 3
GBP 55
HKD
HKD 100
HKD 50
HKD 500
JPY
JPY 1000
JPY 750
JPY 5000
KRW
KRW 4500
KRW 2500
KRW 7500
SGD
SGD 8
SGD 6
SGD 60
USD
USD 5
USD 2
USD 25
HALIFAX NZ Schedule to Product Disclosure Statement 7
SCHEDULE TO PRODUCT DISCLOSURE STATEMENT ANNEXURE E: Platform
Interest
Conversion Cost
Halifaxonline
Unless otherwise negotiated with Halifax, there is no interest applied on a Trading Account with positive Net Free Equity.
Trading in a product denominated in a currency other than your Trading Account Currency will incur a FX conversion.
If a Trading Account has negative Net Free Equity, Halifax will charge interest on the Trading Account at the daily underlying LIBOR ask rate plus 7.00% of the Trading Account Currency (for example, if your Trading Account is held NZD, and the NZD LIBOR is 4.00% per annum, you will be charged interest at a rate of 11.00% per annum). This example is provided for illustrative purposes only.
The conversion rate used to convert a product denominated in a currency other than your Trading Account Currency is the rate of the specific currency at the time of the trade plus or minus 75 pips as offered by Saxo to us in respect of the Hedge Transaction. This will be applied on a per Transaction basis. For example, if your Trading Account Currency is NZD, and you are trading a USD denominated product, then the rate used to convert into USD would be the relevant Saxo NZD/USD rate as at the time of the trade plus or minus 75 pips. This example is provided for illustrative purposes only.
Interest is accrued on a daily basis and applied monthly to your Trading Account on the first business day of the following month. No interest is paid or received if you open and Close Out a position on the same day.
Trader Work Station
The rate of the conversion can be found in the section “Trades Executed” under the “Reports” section of your Halifaxonline account.
Unless otherwise negotiated with Halifax, there is no interest applied on Trading Account with positive Net Free Equity.
Trading in a product denominated in a currency other than your Trading Account Currency will incur an FX conversion.
Interactive Brokers allows multiple currencies to be held at any one time and if a particular currency contains a negative Net Free Equity, Halifax will charge interest on that account at the relevant interest rate supplied through Interactive Brokers (shown at https:// www.interactivebrokers.com/en/index. php?f=interest&p=schedule2) plus 1.00% of the underlying base currency dependent on the balance tier (for example, if your Trading Account held NZD 50,000, and the benchmark interest rate is 4.00% per annum, you will be charged interest at a rate of 5.00% per annum). This example is provided for illustrative purposes only.
The conversion rate used to convert a product denominated in a currency other than your Trading Account Currency is the rate of the specific currency at the time of the trade, or at a time specified by the client or Halifax with the client’s permission. For example, if your Trading Account Currency is NZD, and you are trading a USD denominated product, then the rate used to convert into USD (assuming you have no USD in your Trading Account) would be the NZD/USD rate as offered by Interactive Brokers to us in respect of the Hedge Transaction at the time of the trade if the trade was to open a position. This example is provided for illustrative purposes only.
Interest is accrued on a daily basis and applied to your Trading Account monthly on the third business day of the following month.
8 HALIFAX NZ Schedule to Product Disclosure Statement
If the trade was to Close Out the position, or if your Trading Account has a currency other than the Trading Account Currency, the time to convert those amounts may be at the discretion of the client, or at the discretion of Halifax with the permission of the client.
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FEE SCHEDULE IN RESPECT OF FINANCING CHARGES
