n-link Transactions and Account Maintenance

Transcription

1 n-link Transactions and Account Maintenance Transaction/Amendment New Business Create an account / lodge an application: New Pension Account *Where there are multiple rollovers before transferring to pension, all funds must be accumulated in a Super account before transferring to a Pension account. The Pension payments are to start within a month of opening a Pension account. Investment (Individual, Individual-In Trust For) Super (including erollover) Pension* Full Pension Transfer Partial Pension Transfer Investment Company Estate Joint Tenants Partnership Super Fund Trust Account with Margin Lending Yes /Fax or Post the mination of Beneficiary form (only if making a Binding mination) Post the original Standard Transfer Form/s (STFs) only if requesting external in specie transfer n-link New Business Application forms ID documents refer to Customer Identification Guideline, page 11 Direct Debit Request or bank details including joint or third party accounts (if applicable) Applied once New Business Application is submitted on n-link and verified by administration Account Number will be displayed in the Navigator Online Transaction Confirmation Record print out The Direct Debit is processed on the date specified, subject to all fields filled out correctly Addition Add additional funds (cheque, BPAY and EFT) One off direct debits (including SML accounts) Yes n/a Applying funds to the account is dependent on when funds are received by Navigator External In species As part of New Business or Additions to an existing account Post: Original Standard Transfer Form(s) : Incomplete Parcel History declaration (if applicable) Applied once document is verified n-link. Click and it s done 1

2 Switch Create a switch Create a fast track switch with NAB or CBA Select Margin Loan Wide Bay or Leveraged Equities (existing fund) with Wide Bay or Leveraged Equities (new approved fund) : Pre-populated Switch Instructions form on n-link with BT or Value minees All Margin Lending non approved funds Re-weight Create or add a re-weight with NAB or CBA with Wide Bay or Leveraged Equities (existing fund) Select Margin Loan with Wide Bay or Leveraged Equities (new approved fund) with BT or Value minees : Pre-populated Re-weighting Instructions form on n-link Separately Managed Account (SMA) Transfer Create a SMA Transfer Yes n/a Consolidated daily. Confirmation from Third Party Broker within 5 business days from the date of submission. n-link. Click and it s done 2

3 Share Trading Create a share trade Margin Lending (Approved Shares) Margin Lending (n Approved Shares) your Switch Instructions request to services@mlc.com.au Investor Details Add or delete investor address and contact details Bank Accounts Add or delete bank accounts Applied once document is verified Selecting existing bank accounts as minated Yes n/a Applied once request is verified Reinvestment of Earnings Edit reinvestment of earnings Regular Investment Facility (RIF) Your client must already have a bank account set up in order to use this facility on n-link Create a new RIF Edit existing RIF (Change to an existing bank account) Edit existing RIF (frequency and amount of facility only) Suspend/Resume/Close RIF Yes n/a Applied once request is verified To new bank account Margin Lending Regular Withdrawal Facility (RWF) Your client must already have a bank account set up in order to use this facility on n-link Create a New RWF Edit existing RWF (change to an existing bank account) Edit existing RWF (frequency and amount of facility) Suspend/Resume/Close RWF Yes n/a Applied once request is verified To new bank account Margin Lending n-link. Click and it s done 3

4 Automatic Income Distribution Facility (AIDF) Your client must already have a bank account set up in order to use this facility on n-link Create a new AIDF Yes n/a Applied once request is verified Close Edit AIDF (change to an existing bank account) To new bank account Margin Lending Yes n/a Applied once request is verified Progressive Investment Facility (PIF) Additional Investment Facility (AIF) Regular Pension Facility (RPF) Please add additional bank accounts via Bank Accounts link Adviser Ongoing Service Fee Add new PIF Edit/Suspend/Resume/ close existing PIF Add new AIF Edit existing AIF Close AIF Edit existing RPF (payment frequency, annual or per payment pension required, next payment date, suspend, change to a different existing bank account) Edit or Add an Adviser Ongoing Service Fee Ad-hoc Adviser Service Fee Apply ad-hoc Adviser Service Fee Pre-populated Adhoc Adviser Service Fee form on n-link Applied once document is verified Tax Optimisation Change Tax Optimisation (FIFO/HCFO) Sell down sequence Adjust sell down order Fee Linking Adding/removing members to a fee linking group Corporate Actions Accept corporate actions n-link. Click and it s done 4

5 Term Deposit Rollovers *Same TD supplier and maturity period Rollover of Term Deposit Yes n/a Rollover request is flagged immediately Recurring Sell Recurring sells for illiquid funds Yes n/a Recurring sell is flagged immediately Withdrawal Withdrawals are limited up to 75% of the account balance via n-link. For account closures a copy of a completed Withdrawal Form can be sent to MLC. Create withdrawal Pre-populated Withdrawals form on n-link From accounts with: Select Margin Loan (from cash only) Pre-populated Withdrawals form on n-link Withdrawal will be finalised once require documents are received *Create Straight Through Withdrawal #Select Margin Loan (Partial or full sell down) *Client must have ereporting and nominated bank account set up prior to making a straight through withdrawal. Refer to n-link click and its done guide for further exclusions Immediately # Subject to n-link validation. Where switch will result in a margin call position on the portfolio, n-link will return with a validation fail message. n-link. Click and it s done 5

6 Customer Identification Guideline Entity types Individual Trust Regulated/SMSF Trust Unregulated Proprietary Company Unregulated Submit new application n-link application Advisor to: Input customer ID information in the AML Details tab on n-link, and retain all relevant ID documents only Provide Navigator with access to the investor s identification documentation if they require it at any time in the future Paper application Signed application form with Record of Identification section correctly completed and original certified ID documents OR Signed application form with Individual and Sole Trader FSC form, accompanied by certified copy of identification (such as drivers licence or passport) Obtain a certified copy of the Trust Deed or Super Fund Lookup from abn.business.gov.au Complete an Australian Regulated Trusts FSC form, or if a foreign trust an Unregulated Australian Trusts & Foreign Trusts FSC form, including the details of one trustee (individual or company) certified copy of the Trust Deed or Super Fund Lookup FSC forms Complete an Unregulated Australian Trusts & Foreign Trusts FSC form Obtain an original or certified copy of the Trust Deed, or certified extract of the Trust Deed. Extracts of Trust Deeds must include the name of the Trust, Trustees, Beneficiaries, Settlors and Appointers, where applicable If there is a corporate trustee or protector/appointer company, complete an Australian or Foreign Companies FSC form following the verification procedure in Section 3 for the company type as detailed above Complete an Individuals and Sole Traders FSC form for all Individual Trustees and Beneficial Owners. If there are more than 2 trustees, you can complete the form for one Trustee and one Protector/Appointer. original or certified copy of the Trust Deed or certified extract of the Trust Deed FSC forms, with identification documents if the Record of Verification Procedure section is not completed Complete an Australian Companies FSC form, following the standard verification procedure in Section 3 Complete an Individuals and Sole Traders FSC form for each Beneficial Owner. If there are no Beneficial Owners, complete the FSC form for a Managing Director/Senior Managing Official FSC forms, with identification documents if the Record of Verification Procedure section is not completed n-link. Click and it s done 6

7 Entity types Proprietary Company Majority owned subsidiary of an Australian Public Listed company or Regulated Company Public Company Australian Public Listed company, Majority owned subsidiary of an Australian Public Listed company, Regulated Company Public Company Unlisted Foreign Public Company Public Listed company, Majority owned subsidiary of an Australian Public Listed company, Company Regulated in Australia Foreign Public Company Unlisted Submit new application Complete an Australian Companies FSC form, following the simplified verification procedure in Section 3 Obtain a Managing Director/Senior Managing Official s details as the company contact FSC form Complete an Australian Companies FSC form, following the simplified verification procedure in Section 3 Obtain a Managing Director/Senior Managing Official s details as the company contact FSC form Complete an Australian Companies FSC form, following the standard verification procedure in Section 3 Complete an Individuals and Sole Traders FSC form for each Beneficial Owner. If there are no Beneficial Owners, complete the FSC form for a Managing Director/Senior Managing Official FSC forms, with identification documents if the Record of Verification Procedure section is not completed Complete a Foreign Companies FSC form, following the simplified verification procedure in Section 3 Obtain a Managing Director/Senior Managing Official s details as the company contact FSC form Complete a Foreign Companies FSC form, following the standard verification procedure in Section 3 Complete an Individuals and Sole Traders FSC form for each Beneficial Owner. If there are no Beneficial Owners, complete the FSC form for a Managing Director/Senior Managing Official FSC forms, with identification documents if the Record of Verification Procedure section is not completed n-link. Click and it s done 7 A