Ord Minnett fee schedule
Fees are current as at 30 March 2022 and subject to change.
Establishment fee
Paid by cheque or direct debit from your Nominated Account. If you do not pay any applicable establishment fee you will not be able to operate your Margin Loan Facility. Establishment fees are not refundable if you don't proceed with your application.
| Type | Fee |
|---|---|
| Individual borrower | Nil |
| Company borrower or guarantor | |
| Company search and PPSR fee to register a Security Interest over your Secured Portfolio. | $150.00 |
| Release another Security Interest | $69.00 |
| Tasmanian resident, Borrower or Guarantor To register the Power of Attorney attached to the Mortgage. |
$147.70 or as advised by NSW Land Registry Services from time to time. |
| Trust Borrower or Guarantor The Lender's fee to vet the Trust Deed. Applicable if a Solicitor's Trust Opinion is not provided. Refer to the Application Form for details. |
$250.00 |
Additional product features fee
Paid by direct debit from your Nominated Account.
| Type | Fee |
|---|---|
| Exchange Options Plus | Nil |
| Instalment Plus | Nil |
| Rewards Plus | Nil |
| Short Plus Security Borrow Request Settlement |
$25 (unless specified otherwise in the authorisation) $50 |
|
An additional fee may be charged on the Collateral while you continue to borrow Securities. This fee is dependent on the Securities you request to borrow and will be disclosed in the Security Borrow Request Authorisation or by contacting the Customer Service Team on 1300 138 028. |
Transaction fees
Paid by direct debit from your Nominated Account.
| Type | Fee |
|---|---|
| Credit funds to the Loan Account | Nil |
| Pay funds from the Loan Account | |
| Standard direct credit | Nil |
| Same day TT/RTGS | $26.00 |
| Bank cheque | $10.00 |
| Dishonour Fees Applicable if a funds transfer fails, for example if there are insufficient funds in an account. |
|
| Cheque deposited to Loan Account | $9.50 |
| Transfer from Loan Account | $9.00 |
| Direct debit from a Nominated Account | $35.00 |
| Issuer Sponsored Search | $16.50 |
| Retrieval of information Applicable when your Nominated Adviser requests the Lender to retrieve, collate, sort and/or provide archived or historical information. |
$50.00 |
| Break Costs Applicable if you break a Fixed Rate Loan. |
Refer to Product Guide for further information. |
| Company/ Executive Company Options Arrange payment to exercise Loan repaid within 4 months |
$250 $200 or 1% of exercise application, whichever is greater |
| Off Market Transfer Fee Applicable when a transfer of Security resulting in a Change of Beneficial Ownership to Issuer Status or another Controlling Participant |
$25 per security |
| Late Settlement of Buy Contract Note Applicable when a buy contract note does not settle on the due date as specified on the contract note. |
$30 per contract note |
| Late Settlement of Sell Contract Note Applicable when a sell contract note does not settle on the due date as specified on the contract note. |
$30 per contract note |
| Nominate a Platform To register the Lender's Security Interest on the Personal Property Security Register (PPSR) for the Nominated Platform for 7 years or less. |
Registration Fee $6 |
Facility closing fees
Early account closing
Applicable if you repay the total Facility Balance in full within 4 months of the start of your first Loan, up to an amount equal to the interest that would have been earned on the Minimum Interest Balance for the period from when you repay to 4 months from the start of your first loan.
Minimum $200.00
Release fee
Applicable to Company Security Owners only
$69.00
Information on this web page forms part of the Ord Minnett Margin Loan Product Disclosure Statement dated 6 October 2021 or later.
