FAQs
FAQs about Macquarie Hedging Power
- What's the difference between Macquarie Hedging Power and Macquarie Trading Power?
- What's the difference between Exchange Traded Options (ETOs) and Over the Counter Options (OTCs)?
- When do I receive statements?
What's the difference between Macquarie Hedging Power and Macquarie Trading Power?
The main difference between Macquarie Hedging Power and Macquarie Trading Power is that Macquarie Hedging Power utilises Over the Counter Options (OTCs) while Macquarie Trading Power utilised Exchange Traded Options (ETOs).
What's the difference between Exchange Traded Options (ETOs) and Over the Counter Options (OTCs)?
ETOs are option contracts which are bought and sold on the options market operated by the Australian Stock Exchange. In comparison, OTCs are options that can be tailored to individual holder's needs by agreeing on details such as amount, maturity and price. OTCs cannot be traded but they can be sold back to the bank or investment bank which initiated the product.
For a more detailed comparison of the features of ETOs and OTCs, refer to page 3 of the Macquarie Hedging Power Combined Product Disclosure Statement and Financial Services Guide (pdf 680Kb).
When do I receive statements?
You will receive quarterly loan statements for record keeping purposes. You will also have access to view your loan details 24/7 via our secure client website, GearUp.
Macquarie Hedging Power is offered by Macquarie Bank Limited ABN 46 008 583 542 (AFS Licence 237502). In deciding whether to acquire or continue to hold an investment, you should obtain the Macquarie Hedging Power Combined Product Disclosure Statement and Financial Services Guide dated 24 June 2005 (“PDS”), and consider its contents. The PDS is available at www.macquarie.com.au/lending or by phoning 1800 656 819. To acquire the product, you must complete the application form attached to the PDS. Loan terms and conditions are set out in the loan contract and fees and charges and government taxes apply.