Trading via your bank
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I decided to sign up for an ABSA share trading account as a result of their low fees, on 31 October These terms constitute an agreement between you the client and Absa Stockbrokers.
The latest version of the terms binds you every time you visit the websites. Investors will need to open an online account before they will be able to trade shares through this service.
Please take careful note of the rules, commitments and disclaimers set out in these terms and conditions. All clients must make sure they understand and accept these terms. The JSE is open for trading from 9: For any order to be executed, there needs to be a corresponding counterparty, thus for "buy" orders, a corresponding offer is required and for "sell" orders, a corresponding bid needs to be available.
All orders are matched on price only, therefore if insufficient shares are available to match an order completely, then the order may be only partially executed. Orders placed "At Market" will online share trading south africa absa executed immediately, in part or in full, at the best price, assuming there is online share trading south africa absa counterparty available.
If there is no bid or offer available, orders will be placed at the ruling price. It is therefore strongly recommended that for illiquid stocks and in particular warrants, orders are placed "At Limit".
An "At Limit" order determines the maximum price buy or minimum price sell at which the share is to be traded. If, however the order can be executed at a better price at that point in time, the client will benefit.
An "At Limit" order will be queued in time and price priority and will only be executed once all orders ahead of it in the queue have been executed. Once an order has been submitted, the order will appear under the "Today's Order Book" schedule until such time as the order is executed, cancelled or it expires. E-mail confirmation will be sent to the client when:. Signing the mandate means you understand and accept Absa Stockbrokers Pty Ltd's material obligations regards trading. Absa Stockbrokers cannot be held responsible for system downtime resulting from power failures, Internet slowness or non-operation or JSE system failure or downtime.
A copy of the mandate Adobe Acrobat Reader version 5. Accounts cannot be activated until Absa Stockbrokers have received the original mandate.
If you have difficulty printing out the mandate, contact us and we will ensure you receive a copy. Your name should be on the front page of online share trading south africa absa mandate. Pages 1 to 8 should be initialed and page 9 signed and dated. No purchases or sales will be made without Absa Stockbrokers holding cash or the shares on your behalf.
All new accounts are subject to a credit check. Absa Stockbrokers Pty Ltd. Box Marshalltown Attention: The Absa Stockbrokers Back Office can help you with this. Dear Investor In order to allow Absa Stockbrokers to remain your number one secure online and telephone stockbroking service, we wish to inform you that an Annual Pricing Review has taken place.
From R to R including VAT per annum due in Januarywhich will be waived if you traded five or more times in the previous calendar year previously four times or more. Payable in two equal payments in January and July. The increase will not affect payments due in Januaryas the fee levied will be in accordance with the current year's rates. Payments due in July and thereafter in respect of telephone trading and January and thereafter in respect of Online Share Trading will be subject to the increased rate.
From 1 January online share trading south africa absa, monthly interest accrued on online share trading accounts will only be credited to client accounts. If the amount due is in excess of R This threshold has been raised from R Our goal is to continue to offer all our clients an efficient and convenient share trading experience.
We thank you for your continued support. If you have any questions about the annual fee increase, please contact us on or visit www.
These terms and conditions are exclusively governed online share trading south africa absa and construed in accordance with the laws of the Republic of South Africa and are subject to the jurisdiction of the courts of the Republic of South Africa. The investment services and information available on this Website are not targeted at residents outside of the Republic of South Africa.
In particular, nothing on this site should be interpreted as targeting persons or entities in the United States of America, Canada, online share trading south africa absa United Kingdom, Australia and Hong Kong. This Website and all information provided on this Website and the services provided on this site, is provided "as is". The information provided on this site should not be treated as professional or investment advice of any kind.
The client should consult with a professional adviser before relying on any information on this Website. Commencement, duration, termination and suspension. These terms and conditions shall commence on the date of acceptance thereof by the client and shall continue indefinitely, provided that the client may terminate the agreement with immediate effect by selecting the "Cancel Registration" button under "Maintain My Account" on the Website, thereafter the service will immediately be terminated.
Absa Stockbrokers may give the termination notice to the client by publication on the Website, or by email or any other communication tool.
Absa Stockbrokers may temporarily suspend the use of this Website in terms of these terms and conditions in order to repair, maintain, upgrade, replace or improve any of Absa Stockbrokers' services in terms hereof. Where circumstances permit, Absa Stockbrokers shall use its best endeavours to provide prior notice of any such suspension to the client. Absa Stockbrokers shall restore the use of this Website as soon as reasonably practicable after any such temporary suspension.
All entries are time stamped and meticulously logged. The system will only accept orders to sell shares if Absa Stockbrokers holds the client's shares and the account is registered to trade shares online. The system will only accept orders to buy shares if Absa Stockbrokers holds sufficient funds for the client's account. The system will display all open orders as well as the last 20 completed, expired or cancelled orders.
All share price information is online share trading south africa absa by at least 15 minutes. No live prices are available, except when placing orders. Conversion of accounts online share trading south africa absa splitting of portfolios.
Existing clients of Absa Stockbrokers who have portfolio or normal telephonic trading accounts may wish to convert their accounts to online share trading south africa absa accounts.
The online registration process must be followed and all relevant documentation including a letter instructing us to transfer all the shares and cash balances from the existing account. Please state the account number. The new online account will be activated within 48 hours during the business week of the original instruction letter being received.
Clients who wish to split their existing portfolio should complete the registration process; including signing the mandate and enclosing all the relevant documentation, online share trading south africa absa a letter online share trading south africa absa Absa Stockbrokers instructing us as to which shares should be transferred. It is important that non-resident account holders declare this fact when they complete the mandate. Failure to do so could be online share trading south africa absa to be a contravention of foreign-exchange regulations.
This service is only available to accounts online share trading south africa absa to trade shares online. E-mail confirmation will be sent to the client when: An e-mail message will be deemed to be sent by: An e-mail message is deemed to be received by: An e-mail message shall be attributed to: Unauthorised use of access codes.
The client must not disclose this password, thereby giving access to any unauthorised person. If the client suspects that the password has become known to someone else, the client must immediately notify Absa Stockbrokers on during office hours and immediately change the password. They disclaim all liability for any loss, damage, injury or expenses however caused, arising from the use of or reliance upon, in any manner, the information provided through this service and do not warrant the truth, accuracy or completeness of the information provided.
Material on this Website is provided "as is" neither Absa Stockbrokers, or any of it's employees, nor any of it's affiliated companies, nor any of it's employees, make any warranty, expressed or implied, or assume any legal liability to the extent permitted by law or responsibility for the accuracy or completeness of any information contained on this Website. This disclaimer includes, but is not limited to, implied warranties of merchantability and fitness for a particular purpose.
The JSE shall not be responsible for any error or omission in the Information. All copyright and database rights in the Information belong to the JSE.
Re-distribution of the data comprising the Information is not permitted without the express online share trading south africa absa written consent of the JSE.
You agree to acquaint yourself with and comply with any restrictions or conditions imposed upon the use, access, or storage of the Information as may be required by the JSE or Absa Stockbrokers including the condition that in certain circumstances you will be required to enter into a separate agreement with the JSE or Absa Stockbrokers.
The Information is the proprietary information of the JSE. All copyright subsisting in the Information vests in the JSE. All its rights are reserved. All documents must be certified! If a passport is used to include a covering letter explaining why. Downloads Mandate Online share trading south africa absa details. Administrator, Online Trading However, this method is not recommended for share certificates.
Online share trading south africa absa R to R including VAT per annum due in Januarywhich will be waived if you traded five or more times in the previous calendar year previously four times or more Telephone Trading: Payable in two equal payments in January and July The increase will not affect payments due in Januaryas the fee levied will be in accordance with the current year's rates.