Maintain my margin loan

  • Update personal details
    Use the Contact Details Amendments (PDF 70KB) form to add or amend the contact details for a borrower, third party security provider or guarantor. Alternatively, log into BT Online (opens in a new window). To provide your tax file number, please call BT Customer Relations on 1800 816 222.

  • Cash advance
    You can get a cash advance from your 'funds available' at any time, providing the funds are used for business or investment purposes.

  • Make an interest payment or prepay your interest
    Interest is calculated daily on the greater of your daily loan balance and your minimum loan balance, and is charged in arrears on the last day of each month. The amount due will appear on your monthly statement.

  • Loan repayments
    We're happy to accept repayments of your loan at any time. You can repay your loan in full or in part.

  • Making share transactions using your margin loan
    Read instructions on how to buy, lodge, release or sell shares, and find out about IPOs and corporate actions.

  • Managed fund transactions using your margin loan
    Read instructions on how to buy, lodge, release, switch or sell managed fund units.

  • Closing your loan
    You can close your loan at any time by providing us with written notice, signed by the appropriate signatories. Before you can close your account you must repay your loan in full including any outstanding interest charges or fees.

  • Manage Margin Calls
    A margin call occurs when your loan balance is above your loan limit by more than the allowed buffer. You have up to 24 hours to clear the margin call.

  • Options trading
    You can write covered call options using shares held in your margin loan.

  • Changing dividend or distribution instructions
    Simply provide written instructions to us to change the method of payment for 'Register On' investments, or write to the share registry or fund manager for each holding for 'Register Off' investments.

  • Properly-authorised transactions
    Requests sent to BT must be signed and capacities stated, to protect you from unauthorised use of your account.

  • What's 'Register On' and 'Register Off'?
    Procedures governing the definition of how shares and managed funds are held as security on your BT Margin Loan.

  • Regular gearing
    Regular gearing involves matching your own equity contributions with borrowed funds from your margin loan, to enable you to invest more on a monthly basis.

  • Fees and charges
    No establishment or on-going fees.

  • BT Cash Management Trust
    Interest is calculated on the greater of your daily loan balance and your minimum interest charge. You may want to invest excess available funds from your margin loan in to a cash management trust to earn interest and partially offset the interest charged on your BT Margin Loan.

  • Add a new third party security provider
    You can increase your additional funds available by adding additional securities owned by a third party to your BT Margin Loan. The third party security strategy can also be tax effective, speak to your financial adviser for further information. Please call BT Margin Lending on 1800 816 222 for more information.

 

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