Yes. You can use your margin loan account to settle trades on your OpenMarkets trading account.
Simply provide the details of your margin loan 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 other margin lenders||Margin Lending Authority Letter|
This authority allows OpenMarkets to check your stock and cash positions to minimise settlement failure.
This additional form should be provided to OpenMarkets along with your new account application.
For What is Margin Lending visit our Education Centre