Trade long or short
Macquarie MINIs allow traders and investors to leverage trades in a transparent way.
MINIs can provide you with an exposure to listed shares, ETFs and indices for a fraction of the underlying asset cost.
|Type of MINI||Underlying asset||Timeframe||Risk profile||Uses|
|Share MINIs||ASX-listed shares||Short or long term||High||Leveraged exposure and hedging|
|ETF MINIs||ASX-listed exchange traded funds||Short or long term||High||Leveraged exposure and hedging|
|Index MINIs||Linked to the performance of commodity prices, the Australian sharemarket, or international sharemarkets*||Short or long term||High||Leveraged exposure and hedging|
* Index MINIs track the change in the price of the relevant Index Future
Macquarie offers a range of MINIs. Macquarie MINIs may be identified as follows:
^ Receive a one for one return plus or minus any adjustment to the strike price for dividends and interest , and taking into account any spread on the MINI Price that may impact the return. If an investor chooses to exercise a Macquarie MINI or a Macquarie MINI is terminated early in accordance with the Terms and Conditions any return may be reduced by an amount for Expenses.
Macquarie MINIs are simple to use:
The value of a Macquarie MINI is transparent and easy to understand.
For example, if the current CBA share price is $50 and the Macquarie MINI strike is $40 the value of the Macquarie MINI is: ($50 - $40)/1 = $10
The strike reflects the amount of leverage and is adjusted for your interest cost and any dividends paid on the underlying asset.
A funding cost is only incurred if a MINI is held overnight. If you hold a MINI position overnight the strike price will be adjusted by the cost of funding that position. Funding costs vary depending on whether you hold a MINI Long or a MINI Short.
The funding cost is available in the Indicative Daily Pricing Sheet.
Macquarie MINIs contain an inbuilt stop loss feature so you can never lose more than your initial investment amount. After the issue date the stop loss level may vary, having regard to movements in the underlying asset price, strike price and dividends. The current stop loss level is available in the Indicative Daily Pricing Sheet. Please note there is no guarantee that Macquarie will be able to achieve the stop loss level in determining the amounts you receive on the occurrence of a stop loss event.
* Please refer to the MINIs PDS for information regarding Early Termination of MINIs.
^ Receive a one for one return plus or minus any adjustment to the strike price for dividends and interest, and taking into account any spread on the MINI Price that may impact the return. If an investor chooses to exercise a Macquarie MINI or a Macquarie MINI is terminated early in accordance with the Terms and Conditions any return may be reduced by an amount for Expenses.
The risks of investing in Macquarie MINIs is outlined in the PDS, below is a summary of some of the risks:
You should ensure you have read the PDS before making any decision to invest in Macquarie MINIs and/or seek professional advice.
Call: 1800 087 110
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