Derivatives investor money

The Company complies with the new requirements for the handling of Derivatives Investor Money.

"These include:

holding derivatives investor money on trust for the investor,
ensuring that derivatives investor money is paid promptly into a specified bank to a trust account,
derivatives investor money must be held separate from money held by or for the issuer or offeror on its own account,
at least daily, reconciling the derivatives issuer’s records of the amount of derivatives investor money with the amount of money in the trust account,
derivatives investor money must not be used to satisfy any liability of a derivatives issuer,
keeping and maintain up to date records of derivatives investor money for each investor,
obtaining an assurance report, within 4 months after the issuer’s balance date, that states whether, in the auditor’s opinion, the derivatives issuer’s processes, procedures and controls were suitably designed and operated effectively during the accounting period."

In addition to the information published above, the Financial Markets Conduct Regulations 2014 provides for:

1. The payment of investors’ money into a trust account .
2. That investors money is held separately from money held by or for the derivatives issuer, the offeror and any person who holds the money.
3. That investors’ money ceases to be held on trust and maybe withdrawn from the trust account only if the money:

a. is repaid to the investor:
b. is used in the settlement of the derivative with the investor:
c. is used to acquire a derivative with the issuer in accordance with the investor’s express instructions:
d. is used to meet obligations relating to exchange-traded derivatives, but only

I. the client agreement authorises the money to be used in that way; and
II. the derivatives issuer is satisfied that the person who receives the money is a hedging counterparty or is subject, in respect of the money, to obligations that are the same as, or substantially similar to, the obligations in regulations 238 to 250:

4. is used for authorised hedging activities, but—

I. only if the client agreement authorises the money to be used in this way; and
II. only so much of the money may be transferred to a hedging counterparty as is reasonably required for entering into derivatives with the hedging counterparty or for settling or securing those derivatives with the hedging counterparty:

5. is used to pay brokerage or other fees and charges authorised by the client agreement:
6. is paid to a third person in accordance with the investor’s express instructions given after the money is received by the derivatives issuer.

Contacts

Get in touch

Pacific Financial Derivatives Ltd.

Customer Support Information
Product Inquiries and Service Numbers PFD provides continual 24 hour support from 10:00 am Monday New Zealand time (11:00 PM Sunday London time, 6:00 PM Sunday New York time) through 10:00 am Saturday New Zealand time (11:00 PM Friday London time, 6:00 PM Friday New York time)

Physical Address:

Level 8, Swanson House,12- 26 Swanson St., Auckland Central 1010, New Zealand

Mailing Address:

PO Box 105108, Auckland City 1143, New Zealand

Client Services:

+64 9 6320129/100/121

Email:

[email protected]

Technical Support:

+64 9 6320100/121

Email:

[email protected]

MS Teams:

[email protected]

Risk Warning & Disclaimer

Trading in futures, options, forex and Over the Counter (OTC) products offered as Contract For Differences (CFDs) by Pacific Financial Derivatives Limited, company #973842 is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options, forex and CFDs because there is always the risk of substantial loss. It is important investors carefully consider their objective, financial situation and level of experience. It is recommended that investors seek independent advice before trading. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
Pacific Financial Derivatives does not accept client application from United States.
PFD Disclosure Statement and PFD General Terms & Conditions