About Macquarie

Select a country:
Australia	Indonesia	South Africa
Austria	Ireland	Sweden
Brazil	Japan	Switzerland
Canada	Korea	Taiwan
China	Malaysia	Thailand
France	Netherlands	United Arab Emirates
Germany	New Zealand	United Kingdom
Hong Kong	Philippines	United States
India	Singapore

Home» Advisers» Products & platforms» Platforms» Macquarie Prime

Products & platforms

Macquarie Prime

Equity trading and lending from just 8.70%pa^

Features
How does it work?
Tools & Useful Forms
Fees & costs
How to invest

Features

Macquarie Prime is a completely integrated equity solution enabling you to manage all of your clients’ share, CFD and ETF investments from one platform⁺ with one password, with the added benefits of built-in gearing, risk management tools and an integrated bank account.

Benefits for clients

Access to more than 2,000 ASX-listed securities from as little as $20.00 per trade^^.
Borrow to invest in more than 700 ASX-listed securities from just 8.70 per cent pa^.
Flexible gearing levels from 0-95 per cent.
Deposit cash in an integrated bank account and earn 4.25 per cent^.
Access powerful risk management tools such as Guaranteed Stop Loss orders (GSLs) and hedging products.

Benefits for advisers

Trade on behalf of clients⁺.
Sophisticated technical analysis and charting tools.
Access all your clients’ investments from one platform with one password⁺.
Earn commission on ongoing client trades.
Tailor client fee structures.

At a glance

Securities available	Buy and sell more than 2,000 ASX-listed securities including shares, CFDs and ETFs Borrow to invest in more than 700 ASX-listed securities
Gearing levels	Flexible gearing levels from 0-95% available
Protection	Access powerful risk management tools such as stop loss orders, guaranteed stop loss orders (GSLs), price and volume alerts via email, platform pop up and SMS, and hedging products
Initial minimum cash deposit	Clients are required to deposit $5,000 in cash or shares to open an account
Fees and costs	No account keeping or transactions fees** Trade from as little as $20.00 per trade^^
Adviser commissions	Flexible commission structure
Interest	Interest is calculated daily on a variable rate and is payable or receivable monthly in arrears Earn 4.25%pa^ on positive cash balance and lending from just 8.70%pa^
Government Guarantee	The Macquarie Prime Account is Government Guaranteed^
Tax	Clients may have the potential to prepay interest

How does it work?

Macquarie Prime is an integrated platform that combines online trading, gearing, risk management tools and an online bank account in one facility.

With one password and one platform, you can access all of your clients’ holdings and maintain a more complete picture of their investments⁺.

Explore the power of Macquarie Prime. Find out how you can make more informed investment decisions for clients through Macquarie Prime’s in depth charting and sophisticated technical analysis tools. You can also potentially obtain efficiencies through Macquarie Prime’s long funding offset account to save you time and your clients money.

Online trading

The Macquarie Trading Platform allows you to view your clients’ share, CFD and ETF positions as well as their trading history in real-time, from a single log-in. This provides you with more transparency and visibility over your clients’ portfolios⁺.

In addition, the Trading Platform offers you and your clients many other powerful trading tools including:

access to more than 2,000 ASX-listed securities including shares, Direct Market Access CFDs and exchange traded funds
opportunity to profit from both rising and falling markets by taking long and short positions
sophisticated technical analysis and charting tools
live ASX prices and news
online stop-loss, guaranteed stop-loss, trigger and conditional orders
open or close a CFD position from just $20.00^^
access your clients’ portfolios in real-time⁺
ability to transfer your clients’ existing shareholdings into their account and to use these shareholdings as collateral for further investments⁺.

View Prime platform demonstrations

View current list of shares available

View ETFs available through Macquarie Prime

Gearing

Macquarie Prime is a flexible facility that enables your clients to borrow from Macquarie to invest in more than 700 ASX-listed securities from as little as five per cent of the market price.

With variable gearing levels of 0-95 per cent available, your clients can customise a level to best suit their individual risk appetites and investment objectives by depositing or withdrawing amounts into or out of their Prime Account.

By using gearing within Macquarie Prime, your clients can:

increase their share exposure and pay just a fraction of the price upfront
borrow to invest in more than 700 ASX-listed securities
choose a gearing level from 0-95 per cent
access competitive interest rates – variable lending rates from 8.70 per cent pa^
reduce their interest costs through Macquarie Prime’s Funding Offset Account
consolidate their holdings – transfer existing shares and loans into their Macquarie Prime Facility
achieve potential tax efficiencies through prepayment of interest⁺⁺
transfer existing holdings into their Prime Facility without selling existing shares and potentially avoid crystallising a Capital Gains Tax event⁺⁺
refinance investment loans into their Prime Facility.

Margin requirements

When borrowing to invest in shares or opening a new CFD position, your clients do not need to make a payment for the face value of the underlying shares. Macquarie only requires your clients to have a fraction of this amount in available funds to meet their margin requirements.

The minimum amount of margin required is based on the market value of your client’s underlying shares and must be maintained throughout the life of the position. Your client’s margin requirements can be viewed at any time on the trading platform, as illustrated below:

Share	Volume	Share Price		Share Value		Margin Rate for XYZ		Required Margin Amount
XYZ	1,000	$30.00	=	$30,000	x	10%	=	$3,000

Long-short funding offset

One of the key efficiencies of trading shares through Macquarie Prime is that interest is calculated on your client’s Funds Balance, which takes into consideration both long and short positions that have been purchased using the loan facility (if any). This will act to significantly reduce interest costs when both long and short positions are held in your client’s share portfolio.

Please note that the funding offset operates only in relation to share positions and not positions in CFDs and that any funds held in Blocked Funds are ignored for the purposes of offsetting.

Prepaying interest

By choosing to fix and prepay interest for the next financial year***, your client can save time and money and achieve potential tax efficiencies⁺⁺.

Risk management tools

Risk management is a vital part of any investment. Macquarie Prime provides a number of tools to help your clients effectively manage risk and protect their investments.

These include:

Guaranteed Stop-Loss Orders (GSLs)
Macquarie Prime GSLs are available on both share and CFD positions. GSLs can be used to protect your clients’ positions by guaranteeing an agreed "worst case" exit price, should the share price fall below your chosen level. A GSL can be placed on a new position or added to an existing position and can be set as close as 1% from the current share price. GSLs are easily amendable as the share price moves
Hedge share positions with CFDs
Macquarie Prime seamlessly integrates shares and CFDs so that your clients have the ability to use CFDs to protect their share positions. Direct Market Access CFDs are an ideal hedging tool as there is no strike, no expiry date, no minimum parcel size and your clients can also earn interest on any short positions
Flexible gearing levels
Macquarie Prime is a flexible facility that enables your clients to access gearing levels between 0-95 per cent to best their risk profile and investment objectives.

Integrated bank account

The integrated online bank account is an individual account that pays an attractive rate of interest. This gives your clients instant access to investment opportunities without forgoing a competitive yield on their funds.

Key benefits

The ability to earn 4.25%pa^ interest on a positive Funds Balance.
Competitive interest rates from just 8.70pa^ on a negative Funds Balance.
Seamless access to comprehensive reporting and banking facilities.
Free online fund transfers.
Trade history and account statements.
No account keeping fees**.

Tools

Useful Forms

Fees and costs

Client fees and adviser commission

Macquarie Prime has been designed to provide investors with a low cost trading and investment facility that delivers tangible cost and potential tax efficiencies for your client.

The table below provides an overview of the way that adviser commission is determined based on your client’s trading activity and their individual fee, cost or rates payable on their Prime account.

Please contact Macquarie on 1800 138 246 for a further explanation or information about any of these fees and commissions.

Fee, cost or rate payable by the client	Formula for client fee, cost or rate¹
Share Trading
Share Trading Fee	Wholesale Rate + Dealergroup Margin
Prime Account Interest Accrued
Negative Funds Balance Interest Rate	Benchmark Rate + Wholesale Rate + Dealergroup Margin
Positive Funds Balance Interest Rate	Benchmark Rate – Wholesale Rate – Dealergroup Margin
CFD Trading and CFD Interest
CFD Trading Fee	Wholesale Rate + Dealergroup Margin
Long Position Funding Rate	Benchmark Rate + Wholesale Rate + Dealergroup Margin
Short Position Funding Rate	Benchmark Rate – Wholesale Rate – Dealergroup Margin
Short Share Positions
Stock Lending Rate	Wholesale Rate + Dealergroup Margin

Dealer group margin, in respect of a particular fee, cost or rate, means the amount or rate that is paid to the adviser/dealer group as adviser remuneration (inclusive of GST).

Wholesale rate, in respect of a particular fee, cost or rate, means the amount of a client fee payment retained by Macquarie.

Benchmark rate means the base rate used for an interest calculation, being the RBA Cash Rate.

¹ The outcome (eg sum) of a formula in this column represents the amount which (or rate at which) your clients will be charged (or paid) in respect of the applicable fee, cost or rate by Macquarie directly through the Prime Facility.
Unless stated otherwise, in respect of a fee, cost or rate specified in the table, Macquarie will pay the Approved Dealergroup the relevant adviser remuneration for each month, in which Macquarie charges its client(s) the relevant fee, cost or rate, and such adviser remuneration will be paid within 21 days of the end of that month.

Other client costs

GSL Premium (for CFDs) GSL Fee (for shares)	From 0.20% of the Face Value of the underlying position. Guaranteed Stop Loss orders (“GSLs”) can be moved for no additional cost, provided the same GSL percentage* is maintained and the GSL term is not extended. The GSL Premium/Fee is determined when the GSL is accepted by Macquarie and can be viewed in the order entry screen (and may be inclusive of GST). *calculated as the distance of the GSL Level from the current share price.
ASX Royalty	2.53c per minute, capped at $41.25 per month inclusive of GST. The ASX Royalty may be switched off at your client’s discretion and no ASX Royalty would be incurred.
SMS Service Fee	20c per SMS inclusive of GST.
Overdraft Interest	Overdraft interest will be payable on any overdrawn amount in your client’s Macquarie Prime Account. To view the current overdraft interest rate, contact us or see the Macquarie Prime Account PDS for more details.
Trust Application Review Fee	Trustee Applicants applying for a risk limit greater than $0 should provide Macquarie with a completed Solicitor Declaration Form. If you do not, you will be required to pay to Macquarie a Trust Application Review Fee of $423.50 (incl GST). This fee is payable and non-refundable regardless of the success of your client’s application. Please note: existing trust clients should also provide a completed Solicitor Declaration Form if initially applying for a risk limit greater than $0. If a Solicitor Declaration Form is not produced, your client may be required to pay this fee.

All rates and fees are subject to change without notice. Different rates and fees may apply to certain investors.

How to invest

Opening a Macquarie Prime Facility is an easy online process. To open a Macquarie Prime Facility, follow the steps below:

Step 1	Register as a Macquarie Prime adviser
Step 2	Read the offer documents and complete your client’s online application
Step 3	Return the required supporting documents

Application documents you need

Required documents - these will be available to you during the online application process.
Photocopy of a form of photographic ID from your client (ie passport or driving license).
We may require an original copy of a bank statement from your client.
We may require a proof of address from your client (eg a copy of your bill).

Where to send your client’s application documents

Email:	primeadviser@macquarie.com.au
Fax:	(02) 8232 8788
Post:	Macquarie Bank Limited Prime Client Account Team GPO Box 3466 Sydney NSW 2001

If you have any questions about the account opening process, please contact the Prime Client Service Team at primeadviser@macquarie.com.au or call 1800 138 246.

Contact us

Call: 1800 138 246

Fax: +61 8232 8788

Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website.

Past performance of any product described on this site is not a reliable indication of future performance.

Other than Macquarie Bank Limited ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

^{^}Current as at 9 December 2011 and subject to change without notice.
^{^^}Subject to $20.00 minimum trading fee.
+Subject to prior approval being obtained from each client.
⁺⁺Macquarie does not give tax advice. How tax laws apply to you depends on your circumstances and you should seek professional taxation advice before investing.
^*Short selling is subject to certain restrictions under Australian regulation and availability may be subject to change without notice.
^**Macquarie reserves the right to introduce these fees at a future date.

The Macquarie Prime Facility is offered by Macquarie Bank Limited (ABN 46 008 583 542 and AFSL 237502) ("Macquarie") pursuant to a product disclosure statement and transactions documents, as may be amended or supplemented from time to time (the "Offer Document"). You should read and consider the relevant Offer Document and the terms and conditions governing the Macquarie Prime Facility before making any investment decision.

Not a recommendation or expression of opinion
In providing the information in this email to you, Macquarie has not taken account of your objectives, financial situation or needs. The information is not an expression of opinion or recommendation. It does not constitute financial product advice and should not be relied on as such. Macquarie is not your fiduciary or adviser and we recommend you obtain financial, legal and taxation advice before making any investment decision. It is also important that you consider the risks associated with investing through the Macquarie Prime Facility. You will need to make your own enquiries and should discuss the risks of investing through the Macquarie Prime Facility with your professional advisers

Risks
Investments made through your Macquarie Prime Facility can be highly geared and can carry a high level of risk, and you may lose more than the capital you invested. None of Macquarie or any member of the Macquarie group of companies guarantees the performance of any investments made through your Macquarie Prime Facility. Your potential liability under the Macquarie Prime Facility is not limited to the balance deposited in your Prime Account or the value of Financial Instruments held through the Macquarie Prime Facility and we may ask you to pay amounts in excess of these amounts to cover any outstanding monies, especially where you have a Short Position or are leveraged (eg have a Loan Facility or hold CFDs).

To the extent permitted by law, Macquarie accepts no responsibility for loss or damage resulting from, or resulting to, any errors (negligent or otherwise) in this information.

No tax advice
Macquarie does not give tax advice. Any tax discussion in this document is based on laws current at the time of writing, which may change. How tax laws apply to you depends on your circumstances and you should seek professional advice before investing.

Macquarie Group’s interest
Macquarie will receive remuneration from you investing in the Facilities and Macquarie may pay commission to introducing advisers (including related entities of Macquarie). Additionally, Macquarie or any of its related bodies corporate, officers or employees (Macquarie Group), may from time to time have long or short positions, make a market in, or otherwise buy or sell instruments identical or economically related to any financial product or other security referred to in this information. The Macquarie Group may have an investment banking or other commercial relationship with the issuer of any security or financial product referred to in this information or may have interests in any financial product referred to in this information by acting in various roles including as underwriter, dealer, holder of principal positions, banker, broker, lender or adviser. The Macquarie Group may receive fees, commissions or other remuneration from such activities.

All information is current as at 26 July 2011 (unless otherwise specified) and is subject to change without notice.