Yes. You can use your margin loan account to settle trades on your OpenMarkets trading account.
To link your margin loan account, simply provide your provider details facility number in the CHESS & Settlement section of your OpenMarkets account application form and complete the corresponding third party authority form below:
Third Party Authority Form
|Leveraged||Leveraged Third Party Authority Form|
|NAB||NAB Third Party Authority Form|
|All margin lenders||Margin Lending Authority Letter|
This authority allows OpenMarkets to check your stock and cash positions to minimise settlement failure.
Please ensure to submit this authority form along with your new account application.
Please note: OpenMarkets does not establish new margin loan accounts or facilities the application of a margin loan.
For What is Margin Lending visit our Education Centre